Financial Times (February 7)
“Investors are befuddled. Until a clear narrative on how the economy will fare emerges, markets will continue to whipsaw…. Markets are still digesting what it means for the US economic outlook, with a hard, a soft, and even a “no landing” scenario on the table, which have varying implications for investors and their positioning.”
Tags: Befuddled, Economy, Hard, Implications, Investors, Landing, Markets, Narrative, Outlook, Scenario, Soft, U.S., Whipsaw
Wall Street Journal (August 31)
In a best case scenario, the withdrawal from Afghanistan “frees the U.S. from a costly distraction and enables us to focus more on China. Let Russia worry about fanatical jihadist warriors and missionaries fanning out across Central Asia…. Let China cope with the double-dealing, back-stabbing, perpetually indigent Pakistani government. Let Iran deal with newly empowered Sunni zealots, uncontrolled opium flows and a stream of refugees pressing on its frontiers.”
Tags: Afghanistan, Best case, China, Costly, Distraction, Iran, Jihadist, Opium, Pakistan, Refugees, Russia, Scenario, U.S., Warriors, Withdrawal, Zealots
Bloomberg (May 7)
“It’s easy to lose sight of the scariest scenario of them all: the one where there’s no magic bullet.” Without a vaccine breakthrough, “herd immunity would come, if at all, only after millions of deaths around the world.” While this scenario is unpalatable, “it isn’t defeatism to ask what the world will look like if we lose the war we’re fighting. It’s realism.”
Tags: Deaths, Defeatism, Herd immunity, Magic bullet, Realism, Scenario, Vaccine
LA Times (March 16)
“Californians may be inured to rolling blackouts that cut off their power for hours at a time, but imagine an outage that darkens the entire country — for more than a year.” A federal report, disclosed by the Wall Street Journal, shows this “nightmare scenario” could result if just nine critical substations were knocked out. Officials need to take action and “address the frightening challenges posed by the grid’s reliance on custom-fitted equipment that can take months, if not years, to replace.”
Tags: Action, Blackouts, California, Challenges, Equipment, Grid, Nightmare, Outage, Power, Scenario, Substations
Euromoney (July 9)
“The new Chinese government’s policy drive to deleverage the banking sector has become more apparent, and that deleveraging will continue to unfold in the next six to 12 months. In what Morgan Stanley calls its ‘super-bear scenario’, it estimates that aggressive policy tightening will reduce Chinese GDP growth to an annual rate of 5.5% in the second half of this year.” If the scenario plays out (a one in ten chance according to Morgan Stanley), it “would have major implications for global markets.”
Tags: Banking sector, China, Deleveraging, GDP, Global markets, Government, Growth, Morgan Stanley, Policy, Scenario, Super-bear
