QE3 does not help the FED’s own forecasts

The announcement of QE3 (third round of quantitative easing) has sparked another round of heated debates about its effects. There is no consensus and the views go from positive effect on GDP and employment to hyperinflation. But what does the FED think?

Is the EURO worth saving?

There has been a lot of talk about the future of the EURO. However, there is not much talk about what the EURO has delivered so far. Here is some data.

Misery loves company

I wrote here that I do not think Romania can avoid recession, not just a technical one, in 2012.

CPI inflation is falling but almost all other prices are rising(update)

Romanian inflation dropped in February to 2.6% relative to the same month of 2011. This is good, as at least the prices measured by CPI seem to fall. But will this last? (Updated my conclusions to incorporate the decision to increase public wages by 15% starting June this year)

4 ideas on how to spend Romanian GDP realease day

For weeks now, the Romanian officials have been hinting that the Q3 growth numbers for Romania will be outstanding. This is what they say  in a very confident and loud voice. When asked about the main drivers for these results the voice gets softer and the impeccable diction turns into mumbling.