Car Scoops (April 19)
“The auto industry is at a crossroads with EVs, and this is becoming increasingly evident. Nearly every automobile manufacturer has been forced into some level of self-reflection as far as electric cars are concerned. Some are forging ahead in hope, while others are slowing down and reassessing their plans as market demand fluctuates and prices rise.”
Tags: Auto industry, Crossroads, Evident, EVs, Forging ahead, Hope, Manufacturer, Market demand, Plans, Prices, Reassessing, Self-reflection, Slowing down
Barron’s (January 27)
“Japan is the market’s ‘Big Story.’” Proposals for a “looser fiscal policy” have resulted in “big moves in the yen and Japanese government bonds that have investors increasingly on edge around the world.” Now all eyes are on the 40-year JGB auction, which really “matters for U.S. and European investors. If prices fall, sending yields higher it, it could make Japanese bonds attractive enough for local investors to move money invested abroad back to Japan.”
Tags: 40 year, Abroad, Europe, Investors, Japan, JGBs, Looser fiscal policy, Market, Money, Prices, U.S., Yen, Yields
OilPrice.com (January 12)
“Regardless of how investable Venezuela will be in the future, the U.S. control over its oil industry would change the power balance in the oil markets, giving the U.S. more sway in longer-term supply. This would leave OPEC and the wider OPEC+ group including Russia and Kazakhstan with potentially diminished clout in influencing the oil market balances and prices.”
Tags: Clout, Control, Diminished, Future, Investable, Kazakhstan, Market balance, Oil industry, OPEC, Power balance, Prices, Russia, Supply, U.S., Venezuela
Washington Post (December 6)
“Trump and Vance promised their trade and immigration policies would usher in a new golden age, leading to a renaissance of new factories that would employ native-born workers…. Yet manufacturing contracted for the ninth straight month in November… as factories face slumping orders and higher prices for inputs because of tariffs.” Republican leaders are urging consumers to “relax.” This is neither “a winning economic message” or at all “soothing… when you’re struggling to pay for groceries, let alone Christmas presents.”
Tags: Consumers, Economic message, Factories, Golden age, Groceries, Immigration, Manufacturing, Native-born, Prices, Relax, Slumping orders, Struggling, Tariffs, Trade, Trump, Vance, Workers
MarketWatch (December 3)
“The stock market is at record highs. Unemployment is still extremely low at 4.4%. And incomes have been rising faster than prices for the past few years. So why do Americans say they are miserable? It’s no mystery, of course. The answer is relentless inflation” which at 3% annually, hovers ”well above the Fed’s 2% goal.”
Tags: 3%, Incomes, Miserable, Prices, Record highs, Relentless inflation, Rising, Stock market, Unemployment
Wall Street Journal (November 9)
“President Trump has a big tariff problem: His border taxes are raising prices on tariffed goods, they’re unpopular with voters, and the Supreme Court might rule that his “emergency” tariffs are illegal.” To win back support, he has just promised “a dividend of at least $2000 a person (not including high income people!) will be paid to everyone.” This latest “hail Mary” is founded on, among other logical fallacies, a “contradiction that Mr. Trump can both pay a tariff rebate and pay down the national debt.” The WSJ editorial board has “advised Mr. Trump from the beginning that tariffs would do economic harm, and so they are.”
Tags: 2000, Border taxes, Contradiction, Dividend, Economic harm, Emergency, Illegal, Logical fallacies, National debt, Prices, Rebate, Supreme Court, Tariff, Trump, Unpopular, Voters
Time (September 27)
“The latest move in a sweeping tariff agenda that has roiled global markets and touched various sectors of the economy, as well as Americans’ wallets,” begins with the imposition of tariffs on branded pharmaceuticals (100%), kitchen and bathroom cabinets (50%), upholstered furniture (30%), and semi trucks (25%). Though “Americans could see an uptick in some prices,” this could be limited by exemptions, as well as the existing or expanding U.S. presence of major producers.
Tags: Branded pharmaceuticals, Cabinets, Economy, Exemptions, Furniture, Global markets, Prices, Roiled, Sectors, Semi trucks, Sweeping, Tariffs, Uptick
Bloomberg (September 19)
“For the first time since at least the 1990s, China hasn’t bought any US soybeans at the start of the export season, a sign that Beijing is once again using agriculture as leverage in its trade fight with Washington.” In 2024, the US supplied “a fifth of China’s soybean imports, worth more than $12 billion, and accounting for over half of total US soy export value.” This year, “US farmers, flush with bumper harvests, are coping with prices near the lowest levels in years.”
Tags: $12 billion, 1990s, 2024, Agriculture, Bumper harvests, China, Export season, Leverage, Prices, Soybeans, Trade fight, U.S., Washington
CNN Business (August 14)
In the U.S., “businesses have been eating Trump’s tariffs. That’s starting to change.” Wholesale inflation “picked up steam last month, with prices rising by the fastest monthly pace since June 2022.” The Producer Price Index (PPI) “jumped 0.9% from June, lifting the annual rate to 3.3%.” With costs “sharply on the rise for producers and manufacturers in July,” it looks like “higher prices could soon filter down to American consumers.”
Tags: $3, Businesses, Consumers, Costs, Higher, July, Manufacturers, PPI, Prices, Producers, Tariffs, Trump, U.S., Wholesale inflation
The Guardian (June 26)
“A broken housing market is driving inequality right across Europe – and fuelling the far right.” One might think “rising costs are a problem particular to your community, city or country. But unaffordable house prices and rents are a continent-wide issue.” And it’s not confined to Europe. Across “much of the rest of the world – property has become a driving force of inequality. In turn, inequality is a driving force of resentment. Far-right politicians have tapped into this anger for their own political gain.” Although housing policies are set nationally, “the European Union can set frameworks and support access to finance…. There are solutions, and there is political will.”
Tags: Anger, Community, Costs, EU, Europe, Far right, Finance, Frameworks, Housing market, Inequality, Political gain, Prices, Property, Rents, Resentment, Solutions, Unaffordable
