Wall Street Journal (October 7)
“French President Emmanuel Macron has lost his fourth prime minister in just over a year, a sign of how the country’s political crisis has engulfed his ranks and constrained his options for pulling France out of a fiscal spiral.” After just a month in office, “Sébastien Lecornu stunned the country by resigning as prime minister…. Lecornu’s benighted tenure—the shortest in the history of France’s modern Fifth Republic—is a measure of how a political system that was once a cornerstone of stability in Europe has fallen into disarray.”
Tags: Benighted, Cornerstone, Disarray, Engulfed, Europe, Fifth Republic, Fiscal spiral, France, Lecornu, Macron, Options, Political crisis, Resigning, Shortest, Stability, Stunned, Tenure
The Economist (August 9)
“With every passing day, America’s new trading order comes into sharper relief. In place of rules, stability and low tariffs is a system of imperial preference. Duties are not just higher, they are set by presidential whim.” While President Trump “thinks America is winning. It is not.”
Tags: Duties, Imperial preference, Low tariffs, New trading order, Presidential whim, Relief, Rules, Stability, System, Trump, U.S., Winning
Traders Magazine (April 30)
“As global financial markets face mounting volatility and exponential growth in data and message traffic, infrastructure resilience has become a cornerstone of stability. Global market infrastructure is facing unprecedented stress tests, not from system failures, but from the relentless pace of data and messaging traffic, regulatory complexity, and volatile geopolitical conditions.” Essentially, this “means building systems to handle two or even three times their previous peak volume—ensuring not only capacity but also continuity during high-stress events.”
Tags: Capacity, Continuity, Data, Exponential growth, Financial markets, Geopolitical, Global, Market infrastructure, Message traffic, Peak volume, Regulatory complexity, Resilience, Stability, Stress tests, System failures, Volatility
South China Morning Post (April 18)
Japan is viewed as “Southeast Asia’s most trusted partner.” Extending stability, “amid global uncertainty, Japan’s ‘diplomatic consistency’ and pacifist stance solidified its position as the most trusted major power.”
Tags: Diplomatic consistency, Global uncertainty, Japan, Major power, Most trusted partner, Pacifist stance, Southeast Asia, Stability
The Guardian (July 16)
“What the world needs is a period of stability after the repeated blows of recent years.” But that’s unlikely if Donald Trump prevails in November. “Anybody wondering what the next big economic shock might be… need look no further than the frontrunner to be in charge of the world’s biggest economy in six months’ time.”
Tags: Blows, Economic shock, Economy, Frontrunner, November, Prevails, Stability, Trump, World, World's biggest
Reuters (June 4)
“India may no longer be Narendra Modi’s” and any coalition government he can form will likely end “a decade of extraordinary stability.” While the elite have cheered Modi’s economic reforms, “India’s world-beating GDP growth is not trickling down to the masses fast enough: after a decade of Modi, most of the population are still poor enough to qualify for the government’s free food scheme.” In addition to income disparity, “many Indians feared his authoritarian streak and potential far-reaching changes to the secular constitution.”
Tags: Authoritarian streak, Coalition government, Economic reforms, Elite, Free food, GDP growth, Income disparity, India, Modi, Poor, Population, Secular constitution, Stability
Reuters (November 16)
“Restructuring a restructuring isn’t good news. Alibaba scrapped the spinoff of its prized cloud computing business, blaming U.S. curbs on advanced chips,” causing its shares over 10% lower. “The U-turn dashes market expectations of stability among technology companies after the end of Beijing’s years-long regulatory crackdown. The country’s weak economy and bad geopolitics mean the sector hasn’t yet hit a bottom.”
Tags: Alibaba, Beijing, China, Chips, Cloud computing, Economy, Geopolitics, Market expectations, Regulatory crackdown, Restructuring, Shares, Spinoff, Stability, Technology, U.S.
Financial Times (May 16)
“Japan’s Topix rose to its highest level in almost 33 years on Tuesday, boosted by a rally led by foreign investors. Buyers have been drawn to Tokyo stocks by potential improvements to corporate governance, a return to wage inflation and the perceived stability of the market compared with geopolitics-riven Chinese stocks.”
Tags: 33 years, Buyers, Corporate governance, Foreign investors, Japan, Market, Rally, Stability, Stocks, Tokyo, Topix, Wage inflation
New York Times (May 11)
The weak yen, coupled with soaring food and energy costs, “are posing yet another challenge for the world’s third-largest economy as Japan trails other major nations in emerging from the economic blow of the pandemic. The rise in prices has spooked Japanese consumers used to decades of stability, and the weak yen is starting to look as if it will depress demand at home more than stimulate it abroad.”
Tags: Challenge, Consumers, Costs, Economy, Energy, Food, Japan, Pandemic, Prices, Soaring, Spooked, Stability, Weak yen
Oil Price (March 10)
“While no one can say for certain what the trajectory of the Russian-Ukrainian conflict will be, the economic warfare that is going on alongside it is very likely to destroy the current global trading system.” A fix could take a while. It took roughly 75 years to regain “stability” and “interconnection,” after the “worldwide trading system” was last destroyed with the outbreak of World War 1.
Tags: Conflict, Destroy, Economic warfare, Global trading system, Interconnection, Russian-Ukrainian, Stability, Trajectory, WWI
