New York Times (December 14)
“The markets have been climbing since July — and have been positively buoyant since late October — on the assumption that truly good times are in the offing. That may turn out to be a correct assumption,” but the Fed “went out of its way to say that it is positioning itself for maximum flexibility. Prudent investors may want to do the same.”
Tags: Assumption, Buoyant, Climbing, Fed, Flexibility, July, Markets, October, Prudent
Institutional Investor (November 27)
“Retail beef prices hit a record in July, as base demand across all grades, from prime to select, remained ‘incredibly good’…. Cattle supplies are tight and are likely to stay that way for the next few years as drought and high input prices will limit herd expansion.”
Tags: Beef prices, Cattle supplies, Demand, Drought, Grades, Herd expansion, High, Input prices, July, Prime, Record, Retail, Select, Tight
The Guardian (August 21)
“A spate of recent statistics shows that the Chinese economy is faring poorly,” but the most worrying stat “is the one that we can’t see. The youth unemployment rate was suspended from the monthly economic data release, having reached a record 21.3% in June – suggesting not only that July was grimmer, but that improvement is not expected soon.”
Tags: 21.3%, China, Economic data, Economy, Grimmer, July, June, Record, Spate, Statistics, Suspended, Worrying, Youth unemployment rate
Reuters (August 17)
“Headline inflation in the euro zone has halved in the past nine months and was 5.3% in July. But that’s not good enough for ECB hardliners. They want to see the core number, which excludes energy, food, alcohol and tobacco, come down sharply before putting an end to the unprecedented climb in the bloc’s interest rates. That measure is falling more slowly and was running at 5.5% in July.” The ECB obsession over core inflation increases the “risk of policy mistake.”
Tags: 5.3%, Alcohol, Core, ECB hardliners, Energy, Euro zone, Food, Headline, Inflation, Interest rates, July, Obsession, Policy mistake, Risk, Tobacco
Wall Street Journal (August 8)
“July’s gains left hedge funds closing out so-called short positions and cutting risk at the fastest pace in years.” As they race to cover their shorts, they are “providing yet another tailwind for stocks, which have rallied this summer on optimism that a strong economy can withstand higher interest rates.” The rally caught many “short sellers off guard,” and as they “buy the shares back at a high price to limit further losses,” additional demand can drive “prices go even higher.”
Tags: Cutting risk, Gains, Hedge funds, Interest rates, July, Losses, Optimism, Rally, Shares, Short positions, Stocks, Tailwind
Washington Post (August 3)
“The world just got its first real taste of what life is like at 1.5 degrees Celsius.” July was far and away the hottest month ever recorded. Previously, “the world had briefly passed over 1.5 degrees for a few times” but always during the Northern Hemisphere’s winter, which muted “impacts on the largest population centers. This was the first month where temperatures were that far above preindustrial levels and most of the world’s population was under hot, summer conditions.”
Tags: 1.5 degrees, Hot, Hottest, Impacts, July, Northern Hemisphere, Population centers, Preindustrial levels, Records, Summer conditions, Temperatures, Winter
Investing.com (August 9)
“Inflation expectations among consumers in the U.S. have plunged, falling at the fastest rate ever in the history of the New York Federal Reserve’s monthly Survey of Consumer Expectations.” The July survey revealed “consumers expect inflation to rise 6.2% over the next year and 3.2% over the next three years,” down considerably from 6.8% and 3.6% in June’s survey.
Washington Post (August 30)
“Enormous as it is, the number of people evacuated by air from Kabul since the end of July — about 122,000 — is not large enough.” Countless others, who are vulnerable, did not escape. “This is a moral disaster.”
Tags: Air, Enormous, Escape, Evacuated, July, Kabul, Moral disaster, Vulnerable
Boston Globe (March 15)
“A year into the COVID-19 pandemic, the timeline for our return to the office is still hazy.” The schedule keeps “getting extended. Some of the area’s biggest companies now have June or July circled on their calendars. Many others are talking about Labor Day [September 6] again. And many aren’t giving any return dates, no matter how tentative, just yet. They’ve been burned before.”
The Independent (August 7)
“Soaring temperatures in Japan have killed at least 57 people since late July… highlighting the health threat to athletes and fans that Olympics organisers must tackle before next year’s Tokyo games.”
Tags: Athletes, Fans, Health threat, Japan, July, Killed, Olympics, Soaring, Temperatures, Tokyo
