Reuters (April 28)
“An annualized 1.4% fall in U.S. GDP in the first quarter sounds pretty grim. But the U.S. economy may be taking one step backwards to take two forward.”
Washington Post (April 28)
“Not since an asteroid wiped out the dinosaurs—along with at least half of all other beings on Earth—has life in the ocean been so at risk. Warming waters are cooking creatures in their own habitats…. If humanity’s greenhouse gas emissions continue to increase…roughly a third of all marine animals could vanish within 300 years.”
Tags: Asteroid, Dinosaurs, Earth, Emissions, GHG, Habitats, Humanity, Life, Marine animals, Ocean, Risk, Vanish, Warming waters
Time (April 26)
The CDC found that “almost 60% of the U.S. population—and 75% of U.S. children—have evidence in their blood suggesting a past infection with the virus that causes COVID-19…. By that estimate, most people in the U.S.—almost 200 million—have had COVID-19 as of February. That far exceeds the 80.8 million cases officially tallied by the CDC as of April 26.”
Wall Street Journal (April 26)
“Worries about the war in Ukraine, China’s Covid-19 outbreak, a U.S. or European recession and surging global inflation are making a long-spurned asset increasingly popular with Wall Street’s top money managers these days: cash.” Increasingly asset managers “are looking to move funds into low-risk, cash-like assets. That marks a shift from recent years, when steadily climbing equity indexes trained investors to buy every dip and not miss out on gains by holding cash.”
Tags: Asset, Asset managers, Cash, China, COVID-19, Dip, Europe, Inflation, Investors, Low-risk, Money managers, Recession, Shift, Spurned, Surging, U.S., Ukraine, Wall Street, War, Worries
The Week (April 25)
Emmanuel Macron may have “roundly defeated the right-wing antiliberal candidate Marine Le Pen in the second round of France’s presidential election,” but this is no time for complacency. “Placed in the broader historical context… the battle in France between liberals and antiliberals, center and periphery, is far from over. Indeed, if recent trends continue, the likelihood of a defeat for the center and triumph of the antiliberal right or left will continue to rise, with one of the extremes running a good chance of prevailing in the coming years.”
Tags: Antiliberal, Center, Complacency, Defeated, France, Historical context, Le Pen, Liberals, Macron, Periphery, Presidential election, Right wing
CNN (April 25)
“Oil prices fell sharply Monday as lockdowns in China stoked concerns that the country’s zero-Covid strategy will sap energy demand in the world’s second-largest economy.” The concerns over China “could create one positive for consumers: They may ease pressure on prices at the pump.” On Monday, “US oil dropped as much as 6.7% to a two-week low of $95.28 a barrel.”
Tags: China, Concerns, Consumers, Demand, Ease, Energy, Lockdowns, Oil prices, Positive, Prices, Pump, Zero COVID
Fortune (April 24)
The U.S. may be experiencing “the hottest housing market ever recorded. Over the past 12 months, U.S. home prices are up a staggering 19.2%.” Analysts expected the market “would lose some steam” in 2022, but that “hasn’t come to fruition—yet.” Instead, things have actually “gotten a bit hotter, with housing inventory on Zillow down 52% from pre-pandemic levels.” All of this leaves “a growing chorus of economists speculating that if home price growth doesn’t abate soon, the housing market could eventually overheat. Or worse: We could wind up in another full-fledged housing bubble.”
Tags: Analysts, Bubble, Economists, Home prices, Hotter, Housing market, Inventory, Overheat, Staggering, U.S.
New York Times (April 20)
“The World Health Organization concluded last year that air pollution is ‘the single largest environmental threat to human health and well-being.’” Recognizing “the low quality of the air that we breathe” is a crisis would help bring greater immediacy to “the existential threat of climate change…. The solution to both threats is the same: We need to stop burning fossil fuels, preferably yesterday.”
Tags: Air pollution, Climate change, Crisis, Environmental threat, Existential, Human health, Immediacy, Solution, Well-being, WHO
Reuters (April 20)
“A month after the London Metal Exchange (LME) suspended nickel transactions and cancelled trades amid an epic short squeeze, the Bank of England, the Financial Conduct Authority and the LME itself have launched reviews into what went wrong. They will need to substantially strengthen the world’s premier metal trading venue if it is to survive likely future turbulence.”
Tags: BOE, Cancelled, Financial Conduct Authority, LME, Metal, Nickel, Reviews, Short squeeze, Suspended, Trades, Transactions, Turbulence
Washington Post (April 20)
“Recession predictions are piling up. Don’t freak out.” Chatter about a recession “has been building for a few weeks…. but if the last two years have taught us anything it’s that the economy and financial markets are in uncharted territory.” Following the unprecedented fiscal and monetary stimulus, analysts have clearly “had a hard time adapting old models to the new order, rendering forecasts little more than guesses.”
Tags: Guesses
