Category Archive: 5) Global Macro

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Bill Gates: How to fund the green revolution | The Economist

2021-01-01

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Bill Gates outlines his vision for a global green revolution. He tells Zanny Minton Beddoes, our editor-in-chief, how renewable energy is merely the first step in combatting climate change. 00:00 - How to fund a green economy 00:38 - Lessons from the pandemic 01:52 - Behaviour change v innovation in technology 03:36 - Most promising renewable technologies 04:31 - Private sector investment in green technology 06:30 - How essential are carbon...

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2020 the “Worst Year Ever”–You’re Joking, Right?

2020-12-29

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2020-12-29

So party on, because "the worst year ever" is ending and the rebound of financial markets, already the greatest in recorded history, will only become more fabulous.

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Misty Copeland: why ballet has so few black dancers | The Economist Podcast

2020-12-28

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Misty Copeland made history by becoming the first black female principal dancer at American Ballet Theatre. She talks to The Economist about the lack of diversity in ballet. 00:00 - Misty Copeland: superstar ballerina 00:24 - The power of the arts 02:15 - Ballet’s lack of diversity 04:28 - Is casting in ballet racist? 05:51 - Colour-blind casting in ballet 07:37 - Blackface in ballet 09:21 - The impact of Obama’s presidency Listen to the full...

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The World in 2021: five stories to watch out for | The Economist

2020-12-23

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The World in 2021 will start to look beyond covid-19: to the launch of an asteroid-smashing space probe, the next step in the fight against climate change and China’s supremacy at the box office. Here are five stories to watch out for. 00:00 - Top five stories for 2021 00:39 - Democracy under threat 04:17 - The electric revolution revs up 06:55 - A chance to turn a corner on climate change 10:39 - China v Hollywood: battle of the box offices 14:40...

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Big Media: Selling the Narrative and Crushing Dissent for Fun and Profit

2020-12-22

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2020-12-22

The profit-maximizing Big Tech / Big Media Totalitarian regime hasn't just strangled free speech and civil liberties; it's also strangled democracy.

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Drivers for the Week Ahead

2020-12-21

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2020-12-21

As of this writing, a stimulus deal is close and a US government shutdown Monday may have been avoided; the Fed gave US banks the go-ahead to resume stock buybacks Friday; Fed manufacturing surveys for November will continue to roll out; weekly jobless claims will be reported on Wednesday due to the holiday.

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When Social Capital Becomes More Valuable Than Financial Capital

2020-12-20

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2020-12-20

This devaluation of financial wealth--and its transformation to a dangerous liability-- will reach extremes equal to the current extremes of wealth-income inequality.

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Dollar Continues to Soften Ahead of FOMC Decision

2020-12-20

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2020-12-20

Inflation Expectations, 2015-2019
Optimism on a stimulus deal remains high; the FOMC decision will be key; the dollar tends to weaken on recent FOMC decision days November retail sales will be the US data highlight; Markit reports preliminary December PMI readings; Canada reports November CPI

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Jeff Snider (Shadow Money, Derivatives, Free Banking, Bitcoin, “Money Printing”)

2020-12-19

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Consumers, Too; (Un)Confident To Re-engage

2020-12-19

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2020-12-19

Friedman's Plucking Model of Trend-Cycle Analysis
There is a lot of evidence which shows some basis for expectations-based monetary policy. Much of what becomes a recession or worse is due to the psychological impacts upon businesses (who invest and hire) as well as workers being consumers (who earn and then spend).

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Inflation Fairy Tale: Why It’s Deflation We Should Worry About (w/ Steven Van Metre & Jeff Snider)

2020-12-18

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Is inflation on the horizon? Should bank reserve balances stored with the Federal Reserve count as money?

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What Did Hamper Growth ‘In A Few Months’

2020-12-18

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2020-12-18

US Industrial Production, SA 2011-2020
Over here, on the other side of that ocean, the US economy can only dream of the low levels Chinese industry has been putting up this late into 2020. At least those in the East are back positive year-over-year. Here in America, manufacturing and industry can’t even manage anything like a plus sign.

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Some Thoughts on the Latest Treasury FX Report

2020-12-18

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2020-12-18

The US Treasury’s latest “Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States” report named Switzerland and Vietnam as currency manipulators. Both countries came under scrutiny in the last report and so this week’s announcement was only surprising in that it was made by a lame duck administration that will be gone in a month.

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What is history’s deadliest pandemic? | The Economist

2020-12-17

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The covid-19 pandemic may have derailed the world in 2020, but a far deadlier disease has shaped human history for thousands of years. Malaria defeated armies, fuelled the slave trade and jump-started the modern environmental movement. How covid-19 hinders the fight against malaria: https://econ.st/3gAsfCj Why malaria prevention needs to be fine-tuned: https://econ.st/3oEGhFE Mapping humanity’s progress in its fight against malaria:...

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Can 20 Years of Deflation Be Compressed into Two Years? We’re About to Find Out

2020-12-17

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2020-12-17

Extremes become more extreme right up until they reverse, a reversal no one believes possible here in the waning days of 2020.

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This Global Growth Stuff, China Still Wants A Word

2020-12-16

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2020-12-16

Before there could be “globally synchronized growth”, it had been plain old “global growth.” The former from 2017 appended the term “synchronized” to its latter 2014 forerunner in order to jazz it up. And it needed the additional rhetorical flourish due to the simple fact that in 2015 for all the stated promise of “global growth” it ended up meaning next to nothing in reality.Oddly the same for 2017’s update heading into 2018 and...

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FOMC Preview

2020-12-15

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2020-12-15

Coronavirus Daily Change, 2020
The two-day FOMC meeting starts tomorrow and wraps up Wednesday afternoon. While no policy changes are expected, we highlight what the Fed may or may not do. We expect a dovish hold, with Powell underscoring the growing downside risks facing the US economy in the coming months.

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One Little Problem with the “All-Electric” Auto Fleet: What Do We Do with all the “Waste” Gasoline?

2020-12-15

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2020-12-15

Primary energy consumption by source, 1965-2018
Regardless of what happens with vaccines and Covid-19, debt and energy--inextricably bound as debt funds consumption-- will destabilize the global economy in a self-reinforcing feedback.

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Making Sense Eurodollar University Episode 37 Part 2

2020-12-14

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Europe's latest PMI scores tell us the continent is falling into re-recession, perhaps not unlike Japan. Where did the momentum disappear to? The USA has better PMIs but should that give us comfort?

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Drivers for the Week Ahead

2020-12-14

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2020-12-14

The Senate passed a stopgap bill late Friday that will keep the government funded until midnight this Friday; optimism on a stimulus deal appears to be picking up; the two-day FOMC meeting ending with a decision Wednesday will be important.

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