Global economic decoupling from China or, as some call it, reshoring, is not happening. Despite economic and financial tensions and a plethora of foreign restrictions on the transfer of technology to China, China continues to attract record amounts both of foreign direct investment and inflows of...
The COVID-19 pandemic has accelerated a number of existing technological trends, and emerging markets have been at the forefront. Semiconductor chips are a crucial to many technological advancements, providing computing power to our phones, cars and more. Our Emerging Markets Equity team discusses how shortages of chips during the pandemic have impacted the global economy. Artykuł Cyclical…
History of U.S. Inflation Over 100 Years Source: Visual Capitalist I have been thinking a lot about inflation lately, which has led to me check to look at a lot of data: Lumber, CPI, Used Cars, Gasoline, etc. But that 100 year chart really gives solid perspectives on how inflation regimes have changed…
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Despite the complex tensions and high stakes in the US-China relationship, a major technology split is likely to be averted in the medium term. But a better long-term outcome for the global economy will require fair and binding multilateral rules of conduct.
The ability to hop in a car and drive almost anywhere is a triumph almost 50 years in the making. Even the most advanced car on the planet is useless without a complete network of refueling and repair services.
While there is something particularly enticing about floating above the Earth in a private spaceship, any chance of such a thing is never going to happen unless you can afford the ticket...
The Panic Pandemic
Authored by John Tierney via City-Journal.com,
Fearmongering from journalists, scientists, and politicians did more harm than the virus...
The United States suffered through two lethal waves of contagion in the past year and a half. The first was a viral pandemic that killed about one in 500 Americans—typically, a person over 75 suffering from other serious…
The great thing about Twitter is that the instant you put a bad take into the universe you will get roasted for it. The bad part about Twitter is that [ … ]
The post Three Things I Think I Think – Learning From Bad Inflation Takes appeared first on Pragmatic Capitalism.
If The US Wants To Beat China, Why Is It Copying China's Socialism?
Authored by Mihai Macovei via The Mises Institute,
Under the Biden administration the US continued escalating the economic and geopolitical frictions with China. At the recent G7 Summit in Carbis Bay, President Biden sought to rally a “united front” against China with traditional G7 allies and new ones such as…
From Kitck (also on blogroll at right), July 15:The rise of inflation is happening, as reflected by recent consumer
price index (CPI) data, but this is a symptom of a broader problem that
begins with currency devaluation, said Mark Mobius, co-founder of
Mobius Capital Partners.
"The so-called inflation, or the rise in prices of goods and
services, is based on currency devaluation. All
Mid-week market update: I could tell that a panic bottom was near on Monday when how many people had lost their minds when the S&P 500 fell -3.7% from its intraday all-time high, both from my social media feed and emails (see A sudden risk-off panic). The S&P 500 rallied impressively on Tuesday to fill Monday's downside gap, and today's follow-up was equally constructive.Despite the…
Shanghai, mainland China’s commercial and financial capital, is bracing for turbulent times as the Covid-19 pandemic still wreaking havoc in other countries could derail the city’s rising exports and foreign direct investment (FDI).An economic recovery in the mainland’s gateway city has yet to find solid ground as economic uncertainties abound around the world, according to Tang Huihao, deputy…
The UAE’s awarding last week of a slew of huge drilling contracts aimed at increasing its crude oil output capacity from around 4 million barrels per day (bpd) to 5 million bpd underlines that the principal market risk from an oil trader’s perspective is still skewed towards further supply against a backdrop of an uneven bounce back in demand following the height of the global COVID-19 crisis in…
Goldman with the note: 1. The shift towards more cyclical and value leadership that dominated the period from the 2020 March low to the beginning of this year reflected a particularly strong inflection point in growth and inflation expectations following unprecedented policy support and progress on vaccinations. Given that there were record valuation spreads between growth
The post Where next…
Behind The Plunge In Yields: This Is A Growth Story, Not A Rethink Of Inflation
By Ian Lyngen, head of US Rates Strategy at BMO Capital Markets
In a notable turn of events, the overnight session saw an initial attempt at a modest reversal in the recent Treasury rally only to be met with further buying interest. The net result was a tick lower in 10-year yields that brought the…
Earlier: Housing Starts increased to 1.643 Million Annual Rate in JuneTotal housing starts in June were above expectations, however starts in April and May were revised down. Single family starts increased in June, and were up 28% year-over-year. Starts declined at the beginning of the pandemic, and then increased due to strong demand.The volatile multi-family sector is up 31% year-…