Category Archive: 5) Global Macro

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The future of the car industry | The Economist

2016-05-31

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Ride-hailing apps such as Uber, Ola and Lyft are not only challenging taxi drivers around the world, they are also disrupting the car industry as a whole as people prefer to hail a ride than buy their own set of wheels. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 The Disrupters is an …

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Emerging Market Preview

2016-05-30

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2016-05-30

EM ended last week on a soft note.  The icing on the cake was Yellen’s speech Friday afternoon, which confirmed the more hawkish stance seen in the FOMC minutes and other recent official comments.  We warn tha...

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Emerging Markets: What has Changed

2016-05-27

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2016-05-27

Korea will extend trading hours for stock and FX markets by 30 minutes effective August 1 The Monetary Authority of Singapore said it will withdraw BSI Bank’s license for breaches of money-laundering rules The US lifted a decades-old arms embargo on Vietnam The Nigerian central bank said it would allow “greater flexibility” in the FX …

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Emerging Market Preview for the Week Ahead

2016-05-22

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2016-05-22

EM had another rocky week, but managed to end on a slightly firmer note Friday.  Market repricing of Fed tightening risk was the big driver last week, and that could carry over into this week.  There are several Fed speakers in the days ahead, capped...

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Emerging Markets: What has Changed

2016-05-20

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2016-05-20

The Philippine central bank moved to an interest rate corridor Saudi Arabia is preparing to sell its first global bond ever Transport Minister Yildirim, a close ally of President Erdogan, will become Turkey’s new Prime Minister The new Brazil cabinet continues to take shape with a market-friendly bias In the EM equity space, South Africa …

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RecoVR: Mosul, a collective reconstruction | The Economist

2016-05-20

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In February 2015, Islamic State militants posted a video online showing the destruction of antiquities in and around the city of Mosul in Northern Iraq. For our first virtual reality project and 360° video, we have built a virtual museum to house those destroyed objects. This reconstruction of the Mosul Museum in Iraq was commissioned …

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[5/20/16] – 61. The War on Cash with Charles Hugh Smith

2016-05-20

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The show notes page for this episode can be found at: http://www.wakeupcallpodcast.com/war-on-cash Charles Hugh Smith, proprietor of oftwominds.com and author of “Why Our Status Quo Failed and Is Beyond Reform,” joins Adam Camac and Daniel Laguros to discuss the war on cash, negative interest rates, bail-ins, and other forms of financial repression.

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Emerging Markets Preview: Week Ahead

2016-05-16

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2016-05-16

EM ended last week on a soft note, and that weakness seems likely to carry over into this week. Dollar sentiment turned more positive after firm retail sales data on Friday, though US rates markets have yet to reflect any increase in Fed tightening expectations. Over the weekend,

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The Economist Group Careers

2016-05-09

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The Economist Group is an international company, employing staff throughout the world. Our vision of the world, our style and our whole philosophy are unique and we stress the links between politics and business. That philosophy is at the core of how we operate internally as well: at the Group you have a voice, and … Continue reading...

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Inside Ivory Coast’s hidden gold rush | The Economist

2016-05-06

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Inside Ivory Coast’s hidden gold rush takes a look at the gold mining industry in Ivory Coast. For a long time mining was seen as a dirty alternative to a more wholesome farming lifestyle. But some of the richest gold-mining potential in Africa is luring hundreds of thousands of Ivorians off the land and into …

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EM FX Technical Picture

2016-05-04

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2016-05-04

Note that MSCI EM fell 21% from November 4 to January 21.  It then rallied 25% to challenge the November highs, but it has since fallen back.  MSCI EM has now retraced about a quarter of this year's rally.  Major retracement objectives come in near 7...

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Miami’s Forrest Gump has run along the same beach every day since 1975

2016-05-03

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He’s been called the Forrest Gump of Miami. Raven has run an 8 mile stretch of South Beach, every single day, since 1975. 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 …

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Emerging Market Preview for the Week Ahead

2016-05-02

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2016-05-02

EM ended the week on a firm note, which should carry over into this week.  The biggest near-term risk to EM is the US jobs data on Friday, as the weekly claims data points to another strong gain.  Otherwise, the global liquidity backdrop remains EM-supportive. Thailand reported April CPI earlier today.  It rose 0.07% year-over-year.  …

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Discover Miami: travel the bars and beaches with the locals | The Economist

2016-04-28

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Miami, the city where happy hour is a lifestyle. Passport: Miami shows you a side to the city that only the locals know. Join a Cuban singer, a beach-runner and a drag queen as they open the doors to their shining, fabulous, soulful city. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 Discover …

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Miami drag queen Elaine Lancaster opens up the secret side of her city | The Economist

2016-04-28

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Miami isn’t short of colourful characters, but drag queen Elaine Lancaster has to top the chart. Her favourite spot for visitors is Miami’s booming art district, Wynwood. 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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FX Daily April 25: Global Tensions Lessened, but Bound to Increase Ahead of June FOMC Meeting

2016-04-25

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2016-04-25

We expect the FOMC statement this week to recognize the improvement in the global conditions that have been an increasing worry for officials over Q1.  At the same, time the soft patch of the US economy is undeniable. We suspect the Fed will look past the weakness of the US economy. The strength of the … Continue reading...

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Emerging Markets: Preview of the Week Ahead

2016-04-25

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2016-04-25

(from my colleague Dr. Win Thin) EM ended last week on a soft note.  Perhaps the main driver was rising US yields, as markets become wary of a more hawkish Fed this Wednesday.  Perhaps it was technical, as the EM rally became over-extended.  Wh...

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Chinese Dragon: Breathing Credit Fumes

2016-04-24

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2016-04-24

Economic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models completely fail to pick up on structural shifts using Japan as an example. On the other hand, if an economy doesn’t really change much, as in the case of Australia over the last thirty years, model “forecast” are generally quite accurate.

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Emerging Markets: What has Changed

2016-04-22

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2016-04-22

(from my colleague Dr. Win Thin)China’s central bank may be leaning less dovish Turkey has a new central bank governor Argentina issued external debt for the first time since it defaulted 15 years ago Brazil's lower house voted to impeach Preside...

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China makes the world’s bras and pants from this one town | The Economist

2016-04-20

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Next time you buy underwear that’s ‘Made in China’, chances are it has come from a town like Gurao, in south east China. Gurao has been dubbed the ‘town of underwear’. Its factories produce 350m bras and 430m vests and pairs of pants every year. They have made Gurao a prosperous and polluted place. But …

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