Europe has now entered a full-fledged second wave of contagion. US is getting worse slower.
An interesting research from McKinsey on a range of COVID19 pandemic impacts across a broader range of industries — from traditional to advanced (advanced industries group includes automotive, aerospace, advanced electronics, and machinery playe…
I have for years fretted China might resort to military conflict to divert attention from its failings in managing its domestic economic and financial systems.
There is no oil in the CPI’s consumer basket, yet oil prices largely determine the rate by which overall consumer prices are increasing (or not). WTI sets the baseline which then becomes the price of motor fuel (gasoline) becoming the energy segment. As energy goes, so do headline CPI measurements. And that’s a huge problem…if […]
Global investment in renewable energy has almost doubled in the past decade. During this time, Europe lost its position as a top investor in renewables, being overtaken by China and the United States. According to a publication by Bloomberg New Energy …
With restrictions gradually lifted, borders and businesses reopening and a hint of normalcy returning to people’s lives in many countries, it’s tempting to feel like the worst is over six months into the pandemic. And while few countries are currently …
By around this time last year, 118 thousand acres had been burned by 4,927 wildfires in California. So far in 2020 this figure is at an astounding 2.3 million acres caused by 7,606 fires. Before this, 2018 had held the record for the amount of land bur…
Looks like the end result may be worth the snafu yesterday. When the upgrade stalled, tech support first showed up, and then they abandoned us for the rest of the day. Sorry about that! And now, to today’s charts and outlook.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Does anyone remember “transitory?” I know I do. I spent years ridiculing the idea. But after 2019’s interest rate debacle, cuts rather than hikes, the Federal Reserve very quietly banished that particular word. This was, of course, during the course of the central bank’s “exhaustive” study surrounding its major inflation puzzle. “Transitory” had been the […]