Category Archive: 5) Global Macro

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Why are the Baltic states so rattled?

2017-01-30

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This week, soldiers from Germany and Belgium are settling into a new posting in Lithuania as part of the latest NATO troop deployment. Will their hosts—and the region—feel more secure as a result of their presence? Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 NATO member countries Estonia, Latvia and Lithuania are feeling …

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Emerging Markets: Preview of the Week Ahead

2017-01-30

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2017-01-30

squeezeball
EM was truly mixed last week, pulled in both directions by both idiosyncratic risks and global developments. MXN, BRL, and ZAR were the best performers on the week, while TRY, HUF, and RON were the worst. MXN gained despite signs that Trump will maintain a bellicose stance towards Mexico, but we think the peso remains vulnerable to further selling.

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Emerging Markets: What has Changed

2017-01-28

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2017-01-28

globalhealth
Press reports suggest that China’s central bank has ordered banks to limit new loans in Q1. Fitch revised the outlook on Nigeria’s B+ rating from stable to negative. Russia announced details of the FX purchase plan. Brazil’s central bank confirmed it will simplify the reserve requirement system for banks. S&P cut the outlook on Chile’s AA- rating from stable to negative.

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Ein Macher im Weißen Haus

2017-01-25

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2017-01-25

Donald Trump sagt den alten Eliten den Kampf an. Europas Bürokraten müssen sich warm anziehen. Kürzlich stellte der Hedgefonds-Mogul Ray Dalio eine Analyse des Führungsteams von Donald Trump ins Netz („Reflections on the Trump Presidency, One Month after the Election“).

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Arab Spring revisited—the battle for democracy in Egypt | The Economist

2017-01-25

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Six years ago the biggest revolution of the Arab Spring sent shockwaves across the Arab world. The Egyptian revolution was a demand by its people for “bread, freedom and social justice”—but the country has a long way to go to achieve those objectives. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 This week …

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The Agenda: Margrethe Vestager on Europe | The Economist

2017-01-23

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Margrethe Vestager, European Commissioner for Competition, shares her views on an isolated Brussels at the centre of a Europe in the midst of upheaval. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions of our time and seeks out the stories, solutions and the personalities who might just …

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China Says It Is Ready To Assume “World Leadership”, Slams Western Democracy As “Flawed”

2017-01-23

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2017-01-23

china flag
Over the weekend China used the Trump inauguration to warn about the perils of democracy, touting the relative stability of the Communist system as President Xi Jinping heads toward a twice-a-decade reshuffle of senior leadership posts.

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The Collapse of the Left

2017-01-23

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2017-01-23

Shares of Gross Domestic Income
The Left is not just in disarray--it is in complete collapse because the working class has awakened to the Left's betrayal and abandonment of the working class in favor of building personal wealth and power. The source of the angry angst rippling through the Democratic Party's progressive camp is not President Trump--it's the complete collapse of the Left globally. To understand this collapse, we turn (once again) to Marx's profound understanding...

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The evolution of taxation by our cartoonist KAL

2017-01-23

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It wasn’t always cold hard cash that the taxman was after. Our cartoonist looks at how tax has evolved through the ages. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Most modern societies employ some sort of taxation, but taxes have not always involved money. The ancient Chinese paid their taxes with pressed …

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Emerging Markets: Preview for the Week Ahead

2017-01-23

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2017-01-23

waterworld
EM FX ended last week on a firm not, led by a huge MXN rally on Inauguration Day. We believe that the peso rally was largely driven by positioning and technicals, and so we view Friday’s gains as a correction since the fundamental outlook remains unchanged. Indeed, we think the broader EM rally will be short-lived too, as US interest rates remain elevated. The 10-year yield flirted with the 2.5% level, and we believe it will eventually head even...

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25 Years of Neocon-Neoliberalism: Great for the Top 5 percent, A Disaster for Everyone Else

2017-01-22

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2017-01-22

The global wealth pyramid
It cannot be merely coincidental that the incomes and wealth of the top 5% have pulled away from the stagnating 95% in the 25 years dominated by neocon-neoliberalism. One unexamined narrative I keep hearing is: "OK, so neocon-neoliberalism was less than ideal, but Trump could be much worse." Let's start by asking: would Syrian civilians agree with this assessment?

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The Central Bankers Are Going To Shutoff The Spigot And The Economy Will Rollover:Charles Hugh

2017-01-21

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Today’s Guest: Charles Hugh Smith Websites: Of Two Minds http://www.oftwominds.com http://charleshughsmith.blogspot.com/ Books: All of his books can be found on his website. Why Our Status Quo Failed and Is Beyond Reform Get a Job, Build a Real Career… Why Things Are Falling Apart and What We Can Do About It A Radically Beneficial World Most …

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Emerging Markets: What has Changed

2017-01-21

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2017-01-21

balls
Prime Minister Phuc said Vietnam will ease the limits on foreign ownership of banks this year. Russia’s government is working on measures to limit ruble volatility, including possible FX purchases. Turkey’s central bank start auctioning FX swaps to help support the lira. Brazil’s central bank resumed rolling over FX swaps. Brazilian Supreme Court Judge Zavascki was tragically killed in a plane accident. Chile’s central bank started the easing...

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The Agenda: Winnie Byanyima on inequality | The Economist

2017-01-20

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Winnie Byanyima, the executive director of Oxfam International, discusses the world economy’s failure to tackle the extremes of inequality. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions of our time and seeks out the stories, solutions and the personalities who might just hold the answers. Discover the …

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Truck drivers grapple with automation

2017-01-19

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The son of two truckers, Robert Kalista has driven trucks since the 1980s. Now this most American of industries seems to be in line for automation. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions of our time and seeks out the stories, solutions and the personalities who …

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The Agenda: Christine Lagarde on globalisation | The Economist

2017-01-19

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From the elite bubble of the World Economic Forum in Davos, Christine Lagarde, managing director of the International Monetary Fund, shares her views on the future of globalisation. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions of our time and seeks out the stories, solutions and the …

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Draghi Lets Steam out of Euro

2017-01-19

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2017-01-19

eurodeflate
US reported stronger than expected series of data, including a large drop in weekly jobless claims for the week of the next NFP survey. Draghi remained dovish, with key phrases retained. Euro needs to break $1.0575 now to confirm a top is in place. Markets still uncertain ahead of the start of the new Administration.

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Self-driving technology and highway trucks with no one at the wheel

2017-01-19

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Technological innovation and automation are transforming entire industries. As self-driving trucks hit the road, what could possibly go wrong? Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions of our time and seeks out the stories, solutions and the personalities who might just hold the answers. Discover the …

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Learning to code will help you prepare for the jobs of tomorrow

2017-01-18

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Tech firms are going back to school. Find out what middle-school kids have got to do with populism—and why “learning to learn” will be key to many people’s futures, whatever their age. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions of our time and seeks out the …

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Italy’s Five Star Movement holds a rally in Turin

2017-01-18

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Beppe Grillo—a former stand-up comedian and leader of Italy’s populist Five Star Movement—knows how to appeal to the emotions of frustrated Italians. Despite lacking political experience and obvious solutions, his surge is mirrored by other populists throughout the West. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 THE AGENDA explores the defining questions …

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