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Tag Archives: QE

‘Googlenomics’ predicts sharp rise in US unemployment

It is no secret that I am quite fascinated by the the idea that social media data might be very useful as early/leading indicators of macroeconomic variables. Said in another way I think that social media activity can be seen as a form of prediction markets. So recently I have been tracking what Google Trends is saying about the development in searches for different terms that might give an indication about whether we are heading for a recession in the US economy. Lets start with the world...

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Will the ECB’s Actions Be Enough?

Will the ECB’s Actions Be Enough? As has been the case so many times during the Eurozone crisis, all eyes were on the European Central Bank (ECB) to intervene on June 5 following its executive board meeting. Eurozone inflation registered a paltry 0.5 percent in May, a problem for countries with high debt as it makes their debt burdens harder to stabilize. ECB president Mario Draghi announced a series of measures in an attempt to reverse persistent low inflation. These measures were by the...

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