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Wall Street Journal (October 26)

2018/ 10/ 28 by jd in Global News

The European Central Bank is now faced with “a dilemma as it edges toward higher interest rates just as the region’s economy slows and faces escalating risks, from international trade tensions to a European dispute over Italy’s budget.” For now, President Mario Draghi has no plans to change course as the ECB seeks to “phase out easy-money policies.”

 

Reuters (October 17)

2018/ 10/ 18 by jd in Global News

“Financial markets have some things in common with professional sport. Investors and fans are both desperate for winners and despondent about losing. They are passionate about little ups and downs, while outsiders often find the rules arcane and the enthusiasm weird. And for both, all the jumping and screaming has little effect on the rest of the economy.”

 

The Economist (September 22)

2018/ 09/ 23 by jd in Global News

“Mr Abe may be burning to give Japan a more normal foreign policy, but what it needs most is a more normal economy. His signature policy—Abenomics—is far from complete. The fiscal and monetary expansion, his first two “arrows”, were supposed to buy time for the third and most important one: sweeping structural reforms, leading to enduring growth. The economy should take precedence over constitutional reform… Otherwise, Mr Abe will be remembered less for his long tenure than for wasting it.”

 

Bloomberg (September 7)

2018/ 09/ 07 by jd in Global News

“One of the paradoxes of this year’s trade tensions is that in many parts of the world, it doesn’t yet feel like a crisis.” Although it may be “tempting to think the global economy is riding out the turmoil,” it would be “mistaken. Look closely: The slowdown has begun.”

 

BBC (August 23)

2018/ 08/ 25 by jd in Global News

Brexit is “akin to attempting to remove an egg from an omelette” and if there’s not a deal, it’s likely to become an even bigger mess. “Today’s “no deal” papers reveal the complicated exercise could carry significant costs for consumers and businesses if Britain and the EU fail to agree on a transition period and a subsequent trading agreement.” Failure to reach a deal would “very likely to have a negative impact on the economy and could mean higher prices in the shops as firms pass on the higher costs of doing business.”

 

Wall Street Journal (August 23)

2018/ 08/ 25 by jd in Global News

“The Fed has been able to slowly and predictably raise interest rates this year because the economy has performed largely in line with its expectations, but Wednesday’s minutes show how trade uncertainties loom large for U.S. businesses and Fed officials.”

 

New York Times (July 1)

2018/ 07/ 03 by jd in Global News

“There’s an anomaly in an economy that is supposedly running flat out: Many families still haven’t recovered the wealth they lost in the financial collapse…. Despite high stock prices and record home prices, household net worth since 2007 has decreased for all income groups — except the top 10 percent.”

 

Time (June 28)

2018/ 06/ 30 by jd in Global News

Women currently “account for 22% of the Saudi workforce, according to government statistics. Bin Salman’s goal is to get that figure up to 30% by 2030. Not only will having women behind the wheel improve participation in the workforce, it will help the economy. According to Bloomberg, the lifting of the ban could add as much as $90 billion to economic output by 2030.”

 

Washington Post (June 25)

2018/ 06/ 27 by jd in Global News

“Mr. Trump owns this trade war, at home and abroad. He not only has decided to play a game of chicken with the U.S. economy. He has decided to play against the whole world.”

 

CNBC (May 29)

2018/ 05/ 31 by jd in Global News

“Political uncertainty in Italy has unhinged world markets, raising the specter of a euro crisis that could ripple across the global economy and even force the Federal Reserve to slow its rate-hiking plans.” While odds appear low that Italy will opt out of the single currency bloc, “internal chaos and a new election could make for a rocky summer for markets and even put a dent in European economic growth.”

 

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