Finance counsels

German investor confidence rose to the highest level in more than three years in September after the economic recovery gathered strength and stocks surged.
The ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict developments six months ahead, increased to 57.7 from 56.1 in August. […]

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The Australian central bank said policy makers are weighing the risks of accelerating inflation and choking off an economic recovery as they consider when to raise interest rates from a half-century low.
“Members were conscious of the need to balance the task of controlling inflation over the medium term with that of supporting economic […]

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A ruble devaluation won’t solve Russia’s economic problems as the world’s largest energy exporter faces “a very difficult next couple of years,” said European Bank for Reconstruction and Development Chief Economist Erik Berglof.
“This is the wrong way to think about the recovery in Russia,” Berglof said in a Sept. 10 interview in London. […]

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Buy a new General Motors car. Don’t like it? Return it and get your money back.
General Motors, in a bid to appeal to consumers upset about decades of poor quality and the carmaker’s government bailout, is launching an unusual program: money-back guarantees.
Between Sept. 14 and Nov. 30, buyers will be able to return Buick, […]

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The U.S. budget deficit was little changed last month from a year earlier and narrower than economists predicted as tax receipts shrank and spending fell for the first time since February.
The excess of spending over revenue totaled $111.4 billion in August, compared with $111.9 billion a year earlier, the Treasury reported in Washington. […]

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European Central Bank policy makers signaled they intend to leave emergency lending measures in place into next year to support an economic recovery.
“When the economy is walking solely with the aid of fiscal and monetary crutches, it’s not advisable to whip them away,” Bundesbank President and ECB council member Axel Weber said today […]

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Mortgage applications in the U.S. jumped the most since March last week, as lower interest rates sparked a surge in refinancing and purchases also rose.
The Mortgage Bankers Association’s index of applications to buy a home or refinance a loan increased 17 percent to 648.3 in the week ended Sept. 4 from 554.1 a […]

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Japan’s incoming government is likely to favor spending and tax policies that may cause a surge in government borrowing and higher long-term bond yields, said international economist Carl B. Weinberg.
“We have a government coming in that’s committed to spend even more than the previous government at a time when increased borrowing to spend […]

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Russia’s ruble will fall 10 percent by March as the government fails to curb its deficit and the central bank comes under political pressure to keep liquidity flowing and raise the money supply, Capital Economics said.
“We’re walking a tightrope,” Neil Shearing, emerging Europe economist at Capital Economics Ltd. in London, said by telephone. […]

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To charge more for beer, or not? If you’re a small craft brewer, that is the question.
Around the St. Louis area, craft brewers say there is no rush to raise prices in the midst of a tough economy — even when brewing giants Anheuser-Busch and MillerCoors are planning price hikes this fall.
[…]

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