Category Archive: 5) Global Macro

The music industry and the digital revolution

The music industry has come a long way since Radiohead allowed fans to pay what they wanted for an album. But there is still plenty of digital disruption going on. Tech companies such as Kobalt provide an alternative route for musicians to find fans and manage their money—without having to rely on a record deal. … Continue...

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Radiohead’s experimental business model changed the music industry

How Radiohead’s “In Rainbows” album release broke the mould in the music industry Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 The Disrupters is an original series exploring how major industries—from music and cars to hospitality—are currently being disrupted by the latest wave of digital innovation. As well as enjoying privileged access into …

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Emerging Markets: Preview of the Week Ahead

EM ended last week on a soft note, due in large part to the attempted coup in Turkey. Weakness in the lira spilled over into wider EM weakness in thin Friday afternoon market conditions. The situation in Turkey has calmed, and so EM may gain some limited traction this week. However, that calm will likely be very fragile and so we retain a defensive posture with regards to EM.

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Emerging Markets: Preview of the Week Ahead

EM and other risk assets rallied on Friday after the strong US jobs data. It appears that markets are pricing in a benign backdrop for risk near-term; that is, the US economy is recovering but not by enough to warrant an imminent Fed rate hike. The July 27 meeting seems unlikely, and so the next likely window would be September 21. Yet EM typically weakens in the run-up to FOMC meetings and so investors should be very careful about taking on too...

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Emerging Markets: What has Changed

In the EM equity space as measured by MSCI, Hungary (+3.0%), UAE (+2.0%), and Qatar (+0.7%) have outperformed this week, while Mexico (-3.4%), South Africa (-2.1%), and Colombia (-1.7%) have underperformed. To put this in better context, MSCI EM fell -1.2% this week while MSCI DM fell -0.3%. In the EM local currency bond space, the Philippines (10-year yield -22 bp), Singapore (-12 bp), and Brazil (-11 bp) have outperformed this week, while Russia...

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What if everyone had a personal drone? | The Economist

The elation of flying is the stuff of dreams. But what if personal drones could make our dreams come true? The Economist’s resident cartoonist KAL lets his imagination fly. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 For more imaginary scenarios in the fields of politics, business, technology and history, visit http://worldif.economist.com/ Check …

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The biggest street mural in the world | The Economist

Alfredo shows off the street art of Buenos Aires. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Passport is an original travel series for the intellectually and culturally curious, exploring some of the most exciting city destinations in the world. The insiders’ guide to each city follows at the shoulder of three local …

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Carnival at night in Buenos Aires | The Economist

Barbara Aguirre shows us a traditional Argentine street festival—a murga. The performance is steeped in the history of the country. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Passport is an original travel series for the intellectually and culturally curious, exploring some of the most exciting city destinations in the world. The insiders’ …

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Emerging Markets: Preview for the Week Ahead

EM and risk recovered nicely from the Brexit turmoil last week. Yet we think markets are getting too carried away with the "low rates forever" theme and are likely underestimating the capability of the Fed to tighten before 2018. This Friday, the June jobs data could spark a shift in sentiment with a strong reading. Consensus is currently 175k jobs created, up from 38k in May.

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Emerging Markets: What has Changed

Indonesia’s parliament approved a tax amnesty bill. Korea announced KRW20 trln ($17 bln) in fiscal stimulus. Czech President Zeman said a referendum on EU and NATO membership should be held Russia ended its tourism ban to Turkey. Brazil’s central bank is sending hawkish signals

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Discover Buenos Aires: slabs of meat, Malbec and polo | The Economist

Tour Buenos Aires, Argentina’s capital, with a street artist, a polo player and a dancer. Buenos Aires, an insiders guide takes you to discover the hidden secrets of the city by asking the locals. Here are some top tips for experiencing Argentina’s capital, Buenos Aires Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 …

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Pilar in Buenos Aires is the world capital of polo | The Economist

Polo player Santiago Tanoira explains that in Argentina, polo isn’t just for high rollers, and it goes hand in hand with hundreds of years of Gaucho tradition. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Passport is an original travel series for the intellectually and culturally curious, exploring some of the most exciting …

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Emerging Market Preview: Week Ahead

The Brexit vote is a game-changer for EM. While the direct impact on EM is limited, the damage to market sentiment is undeniable. And to make matters worse, there will be a protracted period of uncertainty as the UK and the EU negotiate the divorce proceedings.

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Which Europeans are the happiest? | The Economist

We asked Londoners a simple question: which Europeans are the happiest? The answer is not what you might think. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Check out Economist Films: http://films.economist.com/ Check out The Economist’s full video catalogue: http://econ.st/20IehQk Like The Economist on Facebook: https://www.facebook.com/TheEconomist/ Follow The Economist on Twitter:...

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What Does It take to Be Upper Middle Class?

What's left unsaid is much of the upper middle class is prospering due to privileged positions that are increasingly at risk of disruption. What does it take to be upper middle class? According to one analyst, the answer is: at least $100,000 a year for a family of three. The Growing Size and Incomes of the Upper Middle Class (Urban Institute).

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A musician’s perspective on what Britain gets from EU membership

Tim Redmond conducts London’s Guildhall Symphony Orchestra. No fewer than 42 of its 109 musicians come from EU member states. Redmond reflects on how a vote for Britain to leave the EU might impact upon the orchestra. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Ahead of Britain’s referendum on EU membership on …

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Brexit has no plan B for agriculture | The Economist

Not all farmers think that their problems stem from EU directives. Pedigree farmer Lynsey Martin offer her personal perspective on the question facing Britain. She shares The Economist’s view that Britain should remain in the EU. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 In our “On Diary” series, three Britons share what …

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Many young voters in the EU referendum feel both British and European | The Economist

Ahmed Ali has just returned to his home in Britain after helping to set up a friend’s coffee shop in Berlin. He could become one of more than 300,000 Britons who work in other EU countries. This is his personal perspective on Britain’s EU referendum. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 …

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Sri Lanka’s heritage art of batik inspired a fashion label | The Economist

Designer Sonali Dharmawardena runs one of Sri Lanka’s fashion labels from her traditional workshop in Colombo. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Passport is an original travel series for the intellectually and culturally curious, exploring some of the most exciting city destinations in the world. The insiders’ guide to each city …

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China and Japan Chart Update

A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.

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