RSS Feed

Calendar

September 2019
M T W T F S S
« Aug    
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Search

Tag Cloud

Archives

Barron’s (September 12)

2019/ 09/ 14 by jd in Global News

“Be careful what you wish for when calling for zero or negative interest rates, Mr. President.” There’s a downside and the results are not inspiring. “The record of negative rates in the euro zone, Sweden, Denmark, Switzerland, and Japan has been mixed…. While bond yields have fallen below zero, banks been reluctant to impose negative rates on depositors, resulting in a squeeze on their profits.”

 

Boston Globe (September 8)

2019/ 09/ 10 by jd in Global News

“President Trump’s trade war with China isn’t just about how much the next pair of running shoes will cost American consumers…. Its impact is spreading like a virus to all segments of the US economy, affecting the manufacturing supply chain, with the potential to whack consumer confidence.”

 

Wall Street Journal (September 5)

2019/ 09/ 07 by jd in Global News

“A decade after fueling a crisis that nearly brought down the global financial system, America’s banks are ruling it. They earned 62% of global investment-banking fees last year, up from 53% in 2011.” In 2018, “U.S. banks took home $7 of every $10 in merger fees, $6 of every $10 in stock commissions, and $6 of every $10 paid to hold and move corporate cash.”

 

Washington Post (September 3)

2019/ 09/ 04 by jd in Global News

“Prime Minister Boris Johnson, under public assault for his scheme to suspend Parliament to push through a no-deal Brexit, has now lost his majority.” This is typical of the “right-wing populist canard,” which works best in the minority. “Being snake oil salesmen and anti-government nihilists,” they “don’t know how to fix much of anything, and after all the huffing and puffing, the public gets the idea the populist cult leader is an incompetent charlatan.” While in this case it’s Johnson, Trump’s turn will come. “The lessons here for the United States are not hard to discern.”

 

Wall Street Journal (August 31)

2019/ 09/ 02 by jd in Global News

Another recession “could be devastating for people who have only just recovered.” The record long U.S. expansion “has showered” the top 1% of households with “staggering new wealth,” but bypassed others. “The bottom half of all U.S. households, as measured by wealth, have only recently regained the wealth lost in the 2007-2009 recession and still have 32% less wealth, adjusted for inflation, than in 2003…. If another recession comes, it could be devastating.”

 

New York Times (August 30)

2019/ 08/ 31 by jd in Global News

“The iconic American worker of the 20th century—a man making cars in a Detroit factory—remains the focus of political debate about work in America. But the real face of the modern working class is a woman caring for that retired autoworker somewhere in the suburban Sun Belt. Half of the 10 fastest growing jobs in America are low-paid variants of nursing.”

 

Washington Post (August 26)

2019/ 08/ 28 by jd in Global News

President Trump has recently “vacillated back and forth between praising China and harshly criticizing it, all while claiming that the trade war he initiated is going great for the United States as evidence mounts that it is pushing us toward recession.” He seems to labor “under a series of misconceptions, bred by ignorance and what appears to be a complete lack of interest in grasping how the trade war appears from China’s perspective.” It is becoming painfully obvious that “Trump is in fact the world’s worst negotiator. And the price Americans are paying for his weakness keeps getting higher.”

 

Financial Times (August 26)

2019/ 08/ 27 by jd in Global News

“British society is so deeply divided—politically, socially, geographically and generationally—that it is unable to react. The UK has become a mere chessboard, a toy in the hands of a force far greater than that of its inhabitants; the geopolitical interests of the Trump administration,” which seeks to use the UK “as the latest battlefield on which to achieve its twin goals of undermining the EU, and challenging its rival China.”

 

Market Watch (August 24)

2019/ 08/ 26 by jd in Global News

“U.S. China tensions over trade policy have reached a boiling point, the only question remaining is whether business executives — and the stock market — can stand the heat…. The further upping of trade barriers, along with Trump’s forceful response, threatens to further erode already sagging business confidence and trigger more weakness in U.S. business investment, which could eventually lead to rising unemployment.”

 

LA Times (August 23)

2019/ 08/ 25 by jd in Global News

“The real threat to the U.S. economy Friday wasn’t Powell,” the Federal Reserve Chairman. “It was Trump’s trade policies and public outbursts. Having righted itself by the end of Powell’s speech, the Dow dropped sharply immediately after the president’s Friday tirade. As of this writing, it was down 455 points.”

 

« Older Entries

[archive]