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Bloomberg (March 26)

2018/ 03/ 27 by jd in Global News

“Tokyo bulls can’t buy a break. Just as the economy shows signs of life, they’re ensnared in a global equity meltdown that on Friday alone lopped $200 billion from the price of shares.” The threat of a trade war, a sell off by foreign investors and the surging yen are “all starting to dent sentiment for Japan, where bears had previously been hard to find.”

 

New York Times (March 15)

2018/ 03/ 17 by jd in Global News

“There’s no way to bring back all those steel plants and steel jobs, even if we stopped all imports. Partly that’s because a modern economy doesn’t use that much steel, partly because we can produce steel using many fewer workers, partly because old-fashioned open-hearth plants have been replaced by mini-mills that use scrap metal and aren’t in the same places. So this is all a fantasy.”

 

Bloomberg (March 9)

2018/ 03/ 12 by jd in Global News

“China is cracking down on pollution like never before, with new green policies so hard-hitting and extensive they can be felt across the world, transforming everything from electric vehicle demand to commodities markets.” China is now, by far, the largest global carbon emitter, but the “government is trying to change that without damaging the economy—and perhaps even use its green policies to become a leader in technological innovation.”

 

US News & World Report (February 27)

2018/ 02/ 28 by jd in Global News

“New Federal Reserve Chairman Jerome Powell delivered a message Tuesday that wasn’t quite what Wall Street had expected: The U.S. economy is doing well, maybe even better than he thought late last year.”

 

Bloomberg (February 23)

2018/ 02/ 24 by jd in Global News

“Beijing’s interventions in the economy don’t always merit applause, but the government’s unprecedented seizure of Anbang Insurance Group Co. deserves a round. Anbang was a toxic threat to China’s financial system.” With total assets estimated to be “a staggering 3.4 percent of China’s GDP,” Anbang had the potential to deliver a shock “comparable to Lehman Brothers Holdings Inc. or American International Group Inc. in the U.S.” Chinese authorities have “nipped a potential disaster in the bud.”

 

Washington Post (February 13)

2018/ 02/ 14 by jd in Global News

President Trump released his very own “comic book” in the form of a budget. Candidate Trump boasted “he would ‘get rid of the $19 trillion in debt . . . over a period of eight years,’” but his budget would add $7 trillion to the debt over a decade — $2 trillion in the next two years alone — and even those numbers are based on the peculiar assumption that the economy will never again go into recession.” That’s only the beginning. His comic-book budget goes onto shred many of the bold promises Trump once made.

 

The Economist (February 10)

2018/ 02/ 12 by jd in Global News

“America’s extraordinary economic gamble” is off to a rough start. “Fiscal policy is adding to demand even as the economy is running hot” and, seemingly as a result, volatility is back in a big way. “A long spell of calm, in which America’s stockmarket rose steadily without a big sell-off, ended abruptly this week.”

 

New York Times (February 6)

2018/ 02/ 07 by jd in Global News

Investors believe “policies to stoke growth are going to work so well that they will overheat the economy, and force the Federal Reserve to try to slow things down by raising interest rates faster than expected. Sometimes you can have too much of a good thing. Don’t forget what set off the plunge on Friday: better-than-expected job growth numbers.”

 

Newsweek (January 18)

2018/ 01/ 20 by jd in Global News

“As 2018 begins, the United States has become the largest producer of gas, oil, and coal in history. Its stock market is at record levels. The economy is growing at a 3 percent rate—and unemployment may dip below 4 percent, even though some commentators have claimed over the last decade that it likely would never fall below 5 percent again. The auto, steel, manufacturing, financial, agricultural, and high-tech industries are ascendant.”

 

Wall Street Journal (January 9)

2018/ 01/ 10 by jd in Global News

“The S&P 500 inched higher Monday, extending this year’s run of records. Stocks have begun 2018 on an upbeat note, buoyed by investors’ optimism over the global economy and bets that central banks are unlikely to pressure markets by raising interest rates faster than expected.”

 

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