The problem is the economy that’s left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses.Fundamentally, the economy of 2019 was not very different from the economy of 1959: people went sho…
A brief follow up to Reality Check: As indices, but not the market, keep crawling higher on the unprecedented market expansion in select stocks imbalances are building that suggest reversion risk is […]
ifo Institute’s latest economic barometer for Germany is showing continued signs of recovery in the German economy
Delta has announced that it plans to furlough nearly 2,000 of its pilots unless the CARES Act is extended. That provided the industry with $25 billion in payroll assistance since March in exchange for a halt to employee layoffs, involuntary furloughs o…
Earlier this year, the UN’s World Tourism Organization published estimates on how big the impact of the coronavirus pandemic on international tourist arrivals could be. The most positive of the three scenarios published in May assumed that travel restr…
UN Secretary-General Antonio Guterres released a new report today that draws on UNWTO data to quantify the devastating impact that the coronavirus pandemic has had on global tourism. It warns that up to 120 million tourism jobs are at risk, with the ec…
It took some doing, and some time, but Mexico has managed to bring its car production back up to more normal levels. For two months, there had been practically zero automaking in one of the biggest auto-producing nations. Getting back near where things left off, however, isn’t exactly a “V” shaped recovery; it’s only halfway.Two […]
Despite coronavirus case numbers rising again in Japan and South Korea, local stock markets continue to gain. The Korean Kospi index was already 7 percent above Jan 2020 levels, while Japan’s Nikkei had about regained its coronavirus losses. This devel…
Between 1994 and 2017, the surface of the Earth lost a staggering 28 trillion tonnes of ice. The stunning revelation comes from a team of scientists at Leeds and Edinburgh universities as well as the University of London. Their findings were published …
While overall retail sales in the United States have rebounded relatively quickly following an unprecedented dip due to the COVID-19 pandemic, some retail categories are still trailing 2019 sales levels by a significant margin halfway through 2020. Sal…