CNN (July 7)
“Macron’s gamble has kept the far right out of power, but plunged France into chaos.” His “explosive gamble” brought a surprise result. A left-wing alliance came “in first with 182 seats” while the far-right trailed “in third place – a shocking reversal of last Sunday’s first-round results.” Despite the visible relief at pulling “back from the brink,” France appears certain to “enter a prolonged period of instability as three opposing blocs with competing ideas and agendas try to form coalition or find themselves stuck in a state of paralysis.”
Tags: Brink, Chaos, Coalition, Far right, France, Gamble, Instability, Left-wing alliance, Macron, Power, Relief, Reversal, Surprise
Bloomberg (July 27)
In unscripted remarks, Fed Chair Jerome Powell mentioned interest rates are at a “neutral level,” which is shorthand for “consistent with monetary policy being neither contractionary nor expansionary.” If rates really “are already at neutral. This would improve the chances of the Fed being able to soft-land the economy, thereby reducing inflation with limited damage to livelihoods and without triggering unsettling financial instability.”
Tags: Contractionary, Economy, Expansionary, Fed Chair, Inflation, Instability, Interest rates, Livelihoods, Monetary policy, Neutral level, Powell, Unscripted
New York Times (October 22)
Recent reports released by the federal government make clear that “climate change poses a widening threat to national security.” The reports lay out “the ways in which the warming world is beginning to significantly challenge stability worldwide.” These include “Worsening conflict within and between nations. Increased dislocation and migration as people flee climate-fueled instability. Heightened military tension and uncertainty. Financial hazards.”
Tags: Climate change, Conflict, Dislocation, Government, Instability, Migration, Military, National security, Reports, Stability, Tension, Threat, U.S., Uncertainty, Worldwide
Financial Times (March 26)
“Ten years ago, you knew where you stood with your energy suppliers. Oil companies sold road fuel, while utilities supplied electricity and gas. Today those lines of demarcation are blurring: utilities can fill up your car and oil companies want to keep your lights on.” This will make for a “period of intensified competition and instability, as companies that were previously able largely to forget about each other are now forced to battle for dominance.”
Tags: Blurring, Competition, Electricity, Energy, Fuel, Gas, Instability, Intensified, Oil, Suppliers, Utilities
New York Times (November 9)
Brazil “had been on an upward trajectory, that seemed to have shaken off the legacy of instability.” Instead, it “suffered a terrible recession and is experiencing a very slow recovery.” The nation “appears to have been hit by a perfect storm of bad luck and bad policy: The global environment deteriorated sharply…. Domestic private spending also plunged… Policy, instead of fighting the slump, exacerbated it.”
Tags: Bad luck, Bad policy, Brazil, Instability, Perfect storm, Recession, Recovery, Spending
CNN (May 9)
“While Beijing has slowly become mindful of the monster it has unwittingly unleashed, it still believes that it can walk both these very thin lines—a North Korea that is weak but stable, and disruptive yet not explosive—in part because it must: China’s internal instability cannot withstand much in the way of external shocks, of which the leadership is well aware.”
Tags: Beijing, China, Disruptive, External shocks, Instability, Monster, North Korea, Stable, Weak
1843 (November Issue)
“Globalisation has turned citizenship into a commodity.” Estimates suggest that each year, “several thousand people spend a combined $2bn or more…on adding a passport or residence permit to their collection.” Convenience and instability are two of the factors encouraging the acquisition of additional passports, which do not come cheap. “The required investment ranges from upwards of $10,000 (Thai residence, for instance) to more than $10m (fast-track residence in Britain).”
Tags: Citizenship, Commodity, Convenience, Globalization, Instability, Investment, Passport, Residence permit, Thailand, UK
CNN (June 21)
“If ever there were a country in need of modernization, Saudi Arabia is it.” The newly named Crown Prince “is deeply committed to carrying major reforms to fruition. He embodies dynamism, youthful boldness and a vision of possibility. But the far-ranging changes he is bringing to the conservative kingdom and to the region carry risk and no guarantee of success. In a region roiled with instability, they add another element of uncertainty.”
Tags: Boldness, Conservative, Crown Prince, Instability, Modernization, Reforms, Risk, Saudi Arabia, Success, Uncertainty, Youthful
Barron’s (January 12)
“President Xi Jinping’s men thought they’d escaped 2015’s woes, only to see the floor fall out from under them in the first 10 days of this year. The root causes of instability that’s panicking global markets can be traced back to Jan. 1, 2015, when Xi opted for a muddle-through policy akin to Tokyo’s in the late 1990s.” Xi and crew can still conceivably avoid Japan’s fate by “acting assertively to restructure the economy and repair the bad-debt-heavy national balance sheet. Increasingly, though, Xi’s government is acting like Tokyo’s, circa 1998.”
Tags: Bad debt, Economy, Global markets, Instability, Japan, Panic, Restructure, Tokyo, Xi Jinping
Financial Times (June 24)
“It is too early to say, but with the credit intensity of China’s slowing economic growth surging back this year to levels last seen in the 2009 credit boom, a severe credit squeeze could precipitate a big drop in investment, accentuate the downturn in growth and lead to financial and banking sector instability.”
Tags: Banking, Boom, China, Credit, Downturn, Economic growth, Instability, Investment, Squeeze
