Category Archive: 5) Global Macro

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The minimum wage: does it hurt workers? | The Economist

2021-02-05

Joe Biden has pledged to raise America's national minimum wage to $15 an hour. Economists traditionally believed that minimum wages actually hurt workers, but recent research has led to a rethink. Sign up to The Economist’s newsletter to stay up to date: https://econ.st/3tgaHl5 Find all of our finance and economics coverage: https://econ.st/3pujLQM Why does low unemployment no longer lift inflation? https://econ.st/3j8sWEj Why a surge in...

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Dollar Consolidates Its Gains Ahead of Jobs Report

2021-02-05

by Win Thin

2021-02-05

Senate Democrats are setting the table for passage of President Biden’s proposed $1.9 trln relief bill; there were glimmers of possible bipartisanship in some of the votes; US January jobs data is the highlight; Canada also reports January jobs data; Colombia reports January CPI.

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Covid-19 vaccines: what information can you trust? | The Economist

2021-02-03

by The Economist

Factual and reliable information is vital to creating trust in vaccines and to overcoming the pandemic. Ed Carr, The Economist’s deputy editor, and Natasha Loder, our health policy editor, answer some of the big questions about the global vaccination drive. Chapters 00:00 - Challenges in vaccinating the world 00:45 - Trust in vaccines 02:30 - mRNA vaccines 03:23 - Impact of variants on vaccination 04:29 - Time between vaccine doses 06:09 -...

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GameStop: what it reveals about the US stockmarket | The Economist

2021-01-30

by The Economist

The frenzied rise of GameStop’s share price baffled Wall Street and panicked the US Treasury. What does the GameStop story reveal about American stockmarkets? Our experts answer your questions. Chapter titles: 00:00 - GameStop surge explained 00:55 - Was Robinhood right to restrict trade? 01:56 - Short selling and short squeezes 03:05 - Is the stockmarket fair? 06:03 - Will it lead to more regulation? 06:51 - Is the US stockmarket overheated?...

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Joe Biden’s top 7 domestic priorities | The Economist

2021-01-29

by The Economist

President Joe Biden faces numerous domestic challenges, from rolling out the covid-19 vaccine and economic stimulus, to tackling racial inequality and political polarisation. Our experts answer your questions on how Mr Biden can achieve his domestic priorities. Chapter titles 00:00 - America’s multiple crises 00:35 - The covid-19 crisis 02:06 - Climate change 03:51 - Immigration 05:16 - Race relations 07:59 - Income inequality 09:28 - Fake news...

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Dollar Remains Firm Despite Dovish Fed Hold

2021-01-28

by Win Thin

2021-01-28

The FOMC delivered a dovish hold, as we expected; we get our first look at Q4 GDP; Fed manufacturing surveys for January will continue to roll out; weekly jobless claims data will be closely watched.

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Covid-19: what will it take to vaccinate the world? | The Economist

2021-01-27

by The Economist

The race to immunise the global population against covid-19 is under way. With the distribution of safe and effective vaccines posing an unprecedented challenge, what are the key obstacles to overcome? Keep up to date with The Economist’s coverage of the coronavirus: https://econ.st/2Y5BxxW Track covid-19 vaccine rollouts around the world: https://econ.st/3o3t74w Sign up to The Economist’s daily newsletter to to read stories about covid-19 and...

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Dollar Trading Sideways as FOMC Meeting Begins

2021-01-26

by Win Thin

2021-01-26

Cumulative Covid-19 vaccination doses administered per 100 people

The FOMC begins its two-day meeting today with a decision out tomorrow afternoon; Senate Minority Leader McConnell has finally agreed to a power-sharing deal based on the 2001 model; President Biden signaled willingness to negotiate his stimulus proposal in order to get a bipartisan deal; Fed manufacturing surveys for January will continue to roll out; Brazil reports mid-January IPCA inflation

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Dollar Flat as Markets Await Fresh Drivers

2021-01-25

by Win Thin

2021-01-25

Discussions on President Biden’s proposed $1.9 trln fiscal package are getting off to a rocky start; Fed manufacturing surveys for January will continue to roll out. ECB Governing Council member Olli Rehn viewed yield curve control for the region as “not sensible”;

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Cindy McCain: what next for the Republican Party? | The Economist Podcast

2021-01-23

by The Economist

Cindy McCain shocked the Republican Party when she endorsed Joe Biden for president. Now, the widow of John McCain tells The Economist Asks podcast about her prediction that the Republican Party will split and her hopes for a new era of political co-operation in America. 00:00 Why Cindy McCain endorsed Joe Biden 00:42 - President Biden’s inauguration 02:08 - Reaction to invasion of Capitol building 04:56 - McCain’s relationship with the Republican...

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Dollar Weakness Continues Ahead of ECB Decision

2021-01-22

by Win Thin

2021-01-22

Brazil Central Bank and Data, 2015 - 2020

Joe Biden became the 46th President of the US; three Democratic Senators were also sworn in; weekly jobless claims data will be the highlight of an otherwise quiet week; Fed manufacturing surveys for January will continue to roll out; Brazil kept rates on hold at 2.0%, as expected ECB is expected to keep policy unchanged; Norges Bank kept rates steady at 0%, as expected;

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Dollar Continues to Soften Ahead of Inauguration

2021-01-21

by Win Thin

2021-01-21

President-elect Biden will be inaugurated and becomes the 46th President of the United States at noon; he will hit the ground running by announcing a raft of executive orders upon taking office; Janet Yellen’s confirmation hearing was revealing; Canada and Brazil are expected to keep rates unchanged.

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How Biden can be a global leader | The Economist

2021-01-19

by The Economist

Joe Biden's greatest challenge will be to repair America's reputation—currently the lowest it's been for two decades. How can the new president re-boot America's global leadership? Find our latest coverage of the presidential transition: https://econ.st/3bJeoJm Sign up to our weekly newsletter on American politics: https://econ.st/3l5C4dl Listen to Checks and Balance, our podcast about American politics: https://econ.st/2EmBIOU The World in...

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Drivers for the Week Ahead

2021-01-19

by Win Thin

2021-01-19

President-elect Biden will be inaugurated Wednesday; security in Washington DC and many state capitols has been beefed up due to concerns of violence; the Senate reconvenes Tuesday and will immediately begin work on confirming Biden’s cabinet choices; reports suggest that if asked, Yellen will disavow a weak dollar policy whilst affirming commitment to a market-determined exchange rate.

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Politics Get Weird, Markets Don’t Care

2021-01-19

by Joseph Y. Calhoun

2021-01-19

A mob, led by a shirtless man wearing a Viking helmet, stormed the Capitol building a couple of weeks ago and five people died before order was restored. A man from upstate New York sat in a Senator’s office and smoked a joint. Another roamed the halls of Congress with a Confederate flag.

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