Bloomberg (July 7)
Wall Street currency traders are increasingly “flying blind” as once reliable models misfire and new forces, “like the broad shift of money out of the US and foreign investors buying dollar hedges,” drive markets. Since Trump’s second term began, currency experts “have been blindsided by the dollar’s selloff and are now questioning whether the past few months will go down as a chaotic but short-lived adjustment or the start of a harder-to-navigate era.”
Tags: Adjustment, Blindsided, Chaotic, Currency traders, Dollar hedges, Flying blind, Foreign investors, Markets, Misfire, Reliable models, Selloff, Trump, U.S., Wall Street
The Atlantic (November 24)
“To have any hope of meeting their commitments to holding global warming at bay, developing countries need at least $1 trillion a year in outside funding…. Failure to meet those commitments will result in more chaotic climate outcomes globally. Everyone agrees on this.” COP29 arrived at a “$300 billion failure” following “two weeks of grueling, demoralizing negotiations.” The deal spotlights just “how far the world is from facing climate change’s real dangers.”
Tags: $1 trillion, Chaotic, Commitments, COP29, Dangers, Demoralizing, Developing countries, Failure, Global warming, Outcomes, Outside funding
The Economist (May 13)
The jury is still out on whether “the sacking of James Comey” was incompetent or malign. “Is the administration chaotic and unworthy of its place in a mighty tradition, but more farcical than corrupting…? Or is Mr Trump, who has just become the first president since Richard Nixon to fire a man who was leading a formal investigation into his associates, and perhaps himself, a threat to American democracy?”
Tags: Chaotic, Comey, Corrupting, Democracy, Farcical, Incompetent, Investigation, Jury, Malign, Nixon, Threat, Trump, U.S., Unworthy
