Hints and tips:
...But as Olivier Blanchard pointed out in his recent Unhedged interview, we don’t really know why long rates, and in particular real long rates, have risen as much as they have....
...The view, articulated by Milton Friedman half a century ago, boils down to “potential output is independent of monetary policy”, as the economist Olivier Blanchard wrote in 2018....
...Dan Clifton of Strategas calculates that the TGA has sucked up $305bn in cash, only partially offset by a $105bn drop in the RRP....
...It will also be uglier because the last few times we’ve played this game (2013, 2018, 2021) things turned out mostly fine (unlike in 2011, when US debt was downgraded by S&P, the market volatility was awful...
...Olivier Blanchard is also focused on openings....
...The pre-existing policy opportunities portfolio has had a disappointing performance in recent years, undershooting the S&P 500 every year since 2018....
...US electric vehicle sales set a new record in May and accounted for nearly 7 per cent of light-duty vehicle sales, according to S&P Global Commodity Insights....
...It does not have to happen this way, as Blanchard acknowledged....
...The Chapter 11 bankruptcy filing was “necessary to protect its member co-operatives and their more than 1.5m retail members from unaffordable electric bills”, said Clifton Karnei, Brazos general manager....
...The tech-focused Nasdaq index climbed 1.5 per cent in the first hour of trade, with the broad-based S&P 500 up 1.1 per cent....
...In the US, S&P 500 non-financial companies were sitting on $1.35tn of cash and equivalents at the end of June....
...The Fed delivered the message in a statement issued during New York afternoon trading, helping the S&P 500 pare earlier losses to close down 0.8 per cent after being down as much as 3 per cent....
...Kevin P Gallagher is professor and director of the Global Development Policy Center at Boston University’s Pardee School of Global Studies (@KevinPGallagher)....
...In contrast, “Blessing the Boats”, inspired by a Lucille Clifton poem, rippled from disquiet to hope, while the set-closer “Alicia” created vivid contrasts from a jaunty theme....
...First, the survival of Moody’s and Standard & Poor’s (now known as S&P Global Ratings)....
...The revolution spreads On January 23 1974, John Clifton Bogle strode into the boardroom of Wellington Management Company’s Valley Forge headquarters....
...From equity strategists at Bank of America Merrill Lynch: Repatriation to boost recurring EPS by 2%, but with a big one-time charge With an estimated $1.2tn in S&P 500 ex-Financials overseas cash and as...
...(The method was originally invented by Olivier Blanchard and Danny Quah in the 1980s.) The result looks like this: This looks quite a bit different from the CBO’s estimates....
...Numbers news Will Friday mark the longest losing streak of the S&P 500 stock market index since 1980? In any case it will not be the deepest....
...The S&P 500 closed up 1.6 per cent to 2,021.86, while the Dow Jones Industrial Average climbed nearly 1.3 per cent to 17,209.68. The Nasdaq Composite gained 1.8 per cent to 4,747.62....
...Baume & Mercier Clifton chronograph The trend for more affordable watches featuring small complications is reflected in this new version of Baume & Mercier’s Clifton chronograph, incorporating a complete...
...Some economists, including I suspect the IMF’s chief economist, Olivier Blanchard, will welcome this....
...Alan Clifton, chairman of the trust, wrote: “The biotechnology sector has enjoyed a period of exceptional performance over the past three years....
...“P&G has a longstanding commitment to corporate social responsibility,” says a senior P&G executive who was seconded to the scheme last year....
...remained under pressure, coming close to its lowest level against a basket of currencies since the start of the year – which helped gold reach a three-month peak above $1,300 an ounce In New York, the S&P...
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