The Economist (November 26)
“Britain is in a state of unprecedented uncertainty. The government is unclear about what sort of Brexit it wants. Economic forecasting is, as a result, as good as guesswork. The outlook for the public finances is similarly uncertain.” Nevertheless,“this year’s Autumn Statement, in sum, hinted at how painful Brexit is going to be.”
Tags: Brexit, Forecasting, Government, Guesswork. Outlook, Painful, UK, Uncertainty, Unprecedented
Bloomberg (August 30)
“The European Commission’s decision to impose a tax bill of 13 billion euros ($14.5 billion) on Apple is unjust and unnecessary. And the harm is not confined to a single company: The ruling has cast a cloud of uncertainty over Europe’s corporate-tax rules, potentially affecting all multinational investors.”
Tags: Apple, Corporate tax, European Commission, Investors, Rules, Ruling, Tax bill, Uncertainty, Unjust
Institutional Investor (July 4)
Post-Brexit “uncertainty has smacked executives at the London Stock Exchange Group and Deutsche Börse in the face. Europe’s two leading exchange operators are pressing ahead with their proposed $30 billion merger even though the referendum result poses a huge and uncertain political risk to the deal’s completion.”
Tags: Brexit, Deutsche Börse, Exchanges, LSE, Merger, Political risk, Uncertainty
Washington Post (June 24)
“British voters have defied the will of their leaders, foreign allies and much of the political establishment by opting to rupture this country’s primary connection to Europe in a stunning result that will radiate economic and political uncertainty across the globe.”
Tags: Allies, Establishment, Europe, Leaders, Stunning, UK, Uncertainty, Voters
Institutional Investor (April 27)
With no major changes resulting at the Federal Open Market Committee (FOMC), “it’s easy to overlook the seismic shifts going on just beneath the surface that will impact policy and markets for the remainder of 2016.” The “astounding number of mixed signals and conflicting messages” emanating from Fed speakers of late is one clue to the divisions on the committee and the uncertainty regarding the U.S. economy.
Bloomberg (April 18)
“The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate Monday as companies surveyed damage and the potential effects on production from supply-chain disruptions.” Amidst the uncertainty, investors “are speculating that Japan’s government and central bank will need to consider more stimulus for an economy that is already struggling.”
Tags: BOJ, Damage, Deaths, Earthquakes, Economic impact, Government, Investors, Japan, Production, Stimulus, Supply-chain disruptions, Uncertainty
LA Times (February 22)
“The most curious purchase of the Dodgers’ off-season” was Japanese pitcher Kenta Maeda. He is attracting plenty of management attention as the Dodgers determine how to bring out the best in their investment. “Maeda, 27, looms as a potential balm for the back end of the Dodgers rotation. But his arrival comes fraught with challenges, in addition to the usual ones that confront Japanese pitchers. Concerns about his physical condition add to the uncertainty.”
Tags: Dodgers, Japan, Maeda, Off-season, Pitcher, Rotation, U.S., Uncertainty
Institutional Investor (December 14)
In Taiwan, “a regime change could cast a chill over relations with China and inject fresh uncertainty into the economy at a delicate time.” Since China accounts for 40% of its exports, Taiwan is taking an economic hit as China’s economy slumps. Things could get worse due to coming elections. Tsai Ing-wen is the leading presidential candidate and her party is independence leaning.
Tags: China, Delicate, Economy, Elections, Exports, Independence, Regime change, Taiwan, Tsai Ing-wen, Uncertainty
The Economist (June 13)
In Turkey, voters sent a “signal to Erdogan.” They showed “they prefer liberal democracy to Islamist autocracy. But they have made it harder to form a government,” which is creating some uncertainty. President Erdogan’s future is also uncertain. Though “his march towards one-man rule has been checked, it is premature to write him off.”
Tags: Democracy, Erdogan, Government, Islamist autocracy, Turkey, Uncertainty, Voters
Institutional Investor (May 15)
Voting in India took five weeks and the results won’t be announced until tomorrow, but the stock market has already rallied, which “suggests investors anticipate a solid victory” for Narendra Modi’s business-friendly National Democratic Alliance (NDA). Exit poll projections are notoriously unreliable and this year “several factors heighten the uncertainty,” especially the fact that “of India’s electorate of 814 million, fully 150 million were eligible to vote for the first time.”
Tags: Electorate, Exit poll, India, Investors, Narendra Modi, National Democratic Alliance (NDA), Projections, Rally, Results, Stock market, Uncertainty, Victory, Voting
