Category Archive: 5) Global Macro

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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Emerging Markets: Preview of the Week Ahead

EM ended last week under pressure.  With two potentially disruptive events (FOMC meeting and Brexit vote) still in play, we think that EM softness should carry over into this week.  

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Emerging Markets: What has Changed

China granted US asset managers a CNY250 bln ($38 bln) quota under the existing QFII system Bank of Korea surprised the market by delivering a 25 bp rate cut to 1.25% Oman issued its first global ...

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Discover Colombo: travel in the fastest-growing city in the world | The Economist

The capital of Sri Lanka is forging a new identity. Once this island nation was known for its long-running civil war, but now a fashion designer, a celebrity chef and an Australian expat will show you why its capital has become the fastest growing city destination in the world. See what they love about this …

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Food in Colombo by one of its celebrated chefs | The Economist

Sri Lankan chef Dharshan Munidasa behind the scenes at one of his restaurants. 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 …

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Charles Hugh Smith – A Radically Beneficial World

SpokenTome.media Audiobooks presents Charles Hugh Smith in conversation with Mark Jeftovic. Charles discusses his book “A Radically Beneficial World”, the monetary system, and creating meaningful work for all.

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Emerging Markets: Preview of the Week Ahead

Russian central bank meets Friday and is expected to keep rates steady at 11.0%.  However, the market is split.  Of the 25 analysts polled by Bloomberg, 13 see no move and 12 see a 50 bp cut to 10.5%.  The central bank has been on hold since the last...

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Emerging Markets: What has Changed

Local press is reporting that RBI Governor Rajan does not want to serve another term The incoming Philippine government is signaling looser fiscal policies ahead

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Driverless cars: promises for the future from Mercedes and Ford

Since the 1950s car makers have dreamed of driverless vehicles. Is this farfetched future about to become reality? 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 …

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Bangalore’s first female auto rickshaw driver and the ride-hailing revolution

Go for a ride with Shantam, Bangalore’s first female auto rickshaw driver. Before ride-hailing apps, she struggled to pay the rent. 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 …

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The future of the car industry | The Economist

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

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

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

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

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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