Category Archive: 5) Global Macro

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Emerging Markets: Week Ahead Preview

2016-11-20

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2016-11-20

EM FX ended the week on a soft note, as higher US rates continue to take a toll. EM policymakers are getting more concerned about currency weakness, with Brazil, Malaysia, Korea, India, and Indonesia all taking action to help support their currencies. If the EM sell-off continues as we expect, more EM central banks are likely to act to slow the moves.

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Emerging Markets: What has Changed

2016-11-19

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2016-11-19

Malaysia appears to have enacted a subtle change in FX policy. Turkey cut foreign currency reserve requirements in an effort to increase the supply of foreign exchange. Brazil’s central bank suspended the sale of reverse currency swaps and started selling new regular swaps (equivalent to selling USD). Colombia reached a new peace agreement with FARC rebels. Mexico's central bank hiked cash rates by 50 bp.

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The Great Con: Political Correctness Has Marginalized the Working Class

2016-11-19

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2016-11-19

Shares of Gross Domestic Income
So when the protected class of well-paid institutional "progressives" speak darkly of "reversing 40 years of social progress," what they're really saying is we're terrified that the bottom 95% might be waking up to our Great Con of identity politics and political correctness. To understand the Great Con of political correctness, we must first grasp the decline of the working class (self-described as "the middle class"), i.e. those who must sell...

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Are Emerging Markets Still “A Thing”?

2016-11-18

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2016-11-18

Last week I jumped on a call with an old friend Thomas Hugger who I hadn't spoken with in months. I recorded the call for your enjoyment but first a quick bit of background to Thomas. Thomas is a Swiss fund manager living and working in Asian frontier markets such as Vietnam, Bangladesh, and Cambodia, which is a bit like taking a Rolls Royce through the Gobi desert if you think about it.

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You’ll Only Understand Trump and Brexit If You Understand the Failure of Globalization

2016-11-18

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2016-11-18

Brexit-Trump
You can only understand the victory of Donald Trump and Brexit once you understand the failure of globalization… Trump made rejection of globalization a centerpiece of his campaign. In his July 21st acceptance speech as the Republican nominee, he said: Americanism, not globalism, will be our credo.

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Rising Immigration but no Jobs

2016-11-17

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2016-11-17

New immigration was higher in the most recent decade, even though there were no jobs
The list of pundits jostling for air time to add their two cents to discussions of hot-button issues such as immigration is endless. The airwaves and social media are overflowing with people wanting to comment on hot-button social issues, but when it comes to the the one truly critical dynamic that will shape the future--everyone's strangely silent.

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Which country takes in the most refugees? | The Economist

2016-11-17

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There are more refugees fleeing their homelands in search of safety and jobs than ever before. But where do they end up? Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films every day of the working week. For more from Economist Films visit: http://films.economist.com/ Check out The Economist’s full …

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Europe’s migrant crisis part three | making landfall in the EU | The Economist

2016-11-16

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Médecins Sans Frontières’ ‘Dignity 1’ rescues stranded and distressed migrants from Europe’s worst migration route—the central Mediterranean. Emma Hogan, our Europe correspondent, was on board in October with more than four hundred migrants as it returned to dry land Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films every …

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The Source of Trump’s Success: The Bigger and Bigger Wage Gap

2016-11-16

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2016-11-16

Shares of Gross Domestic Income
There are many sources of rage: injustice, the destruction of truth, powerlessness. But if we had to identify the one key source of non-elite rage that cuts across all age, ethnicity, gender and regional boundaries, it is this: The Ruling Elite is protected from the destructive consequences of its predatory dominance.

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Europe’s migrant crisis part two | Endless rescues on the Mediterranean | The Economist

2016-11-15

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Search and rescue boat ‘Dignity 1’ patrols the deadliest migration route in the Mediterranean. On the busiest day of this mission, more than four hundred migrants were pulled from the sea on the ‘Dignity 1’ alone Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films every day of the …

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Europe’s migrant crisis part one | on a rescue boat in the Mediterranean | The Economist

2016-11-14

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Médecins Sans Frontières’ search and rescue boat patrols the central Mediterranean to help migrants who get into distress at sea trying to cross to Europe. Emma Hogan, our Europe correspondent, spent five days on board Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Daily Watch: mind-stretching short films every day of the working …

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Seven Suggestions for President-Elect Trump

2016-11-12

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2016-11-12

Donald Trump
Make sure your administration is as diverse as America. No single act will give your enemies more ammo than populating your cabinet and administration with the Usual Suspects: Caucasian elites from Ivy League universities. These privileged "experts" have bankrupted the nation financially, morally and spiritually while enriching themselves and their privileged cronies.

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Election Briefing: Donald Trump’s victory

2016-11-10

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Donald Trump will be America’s 45th president. Zanny Minton Beddoes, editor-in-chief of The Economist, discusses what his victory means for other populist movements and the international order Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7

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China Update

2016-11-10

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2016-11-10

China
The evolving political situation in China is worth monitoring. China's trade surplus with the US has fallen this year. It has been roughly 20 years since China was formally labeled a currency manipulator. Trump has indicated he would do so.

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Who Lost: A Biased Media, Pundits, Pollsters, Political Parties, Warmongers, the Corporatocracy, Pay-to-Play Grifters, Neoliberals

2016-11-10

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2016-11-10

Corporatocracy
Let's start with the Corporatocracy, which expected to once again wield unlimited influence by funding political campaigns with millions of dollars in contributions and speaking fees. A biased mainstream media. My mom-in-law was watching CBS all night, so that's what we watched. All the pundits/anchors spoke in the hushed tones of a funeral.

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Donald Trump’s cataclysmic election victory

2016-11-09

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The Economist’s word of the day conveys the seismic impact of a decisive win for Donald Trump, the reality television star turned Republican nominee set to become the next American president Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7

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Emerging Markets: Week Ahead Preview

2016-11-08

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2016-11-08

Planet Earth
EM should trade firmer this week on news over the weekend that the FBI said its conclusion on Clinton’s emails remained unchanged. That should lift the cloud of suspicion that grew when the FBI said new emails had been uncovered. With risk appetite likely to rebound a bit, the Mexican peso should benefit the most as the week gets under way.

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Cyprus: Europe’s longest frozen conflict | The Economist

2016-11-07

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Cyprus is an island divided between the south and a self-declared Turkish republic in the north. Simon Mytides, a mayor in the south, and Nejded Enver, a mayor on the Turkish side of the border, consider the odds for reunification Click here to subscribe to The Economist on YouTube: http://econ.st/2B3k8sA In 1974 the rulers of …

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Hillary Is The Perfection of a Corrupt System

2016-11-06

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2016-11-06

Exposing the Clintons' perfection of a corrupt political system won't change the conditions and incentives that created the Clintons' harvester of corruption. Let's set aside Hillary Clinton as an individual and consider her as the perfection of a corrupt political system. As I noted yesterday, Politics As Usual Is Dead, and Hillary Clinton is the ultimate product of the political system that is disintegrating before our eyes.

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Donald Trump needs redemption, says an American Christian conservative | The Economist

2016-11-03

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The Republican Party is at war with itself. Abigail Skeans, a evangelical Christian and conservative, discusses the current state of politics, and where the American Right goes from here Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 “I’m Abigail Skeans, I’m a Christian evangelical and I identify as conservative. My faith is everything …

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