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...“The 2021-2023 inflation surge across advanced economies was different because it mainly reflected adverse supply shocks, rather than strong aggregate demand,” said Saunders....
...A bubble, at least by the UBS definition, also needs central bank money printing and heavy retail involvement in equities. Neither of those are present yet....
...JPMorgan economists predict that the Fed will lower rates for the first time in June, later than more than half of central banks globally....
...And just as JK Galbraith defined the “acceptable rate of unemployment” as the rate that’s acceptable to those who have jobs, economists working for finance ministries and central banks don’t necessarily...
...While inflation-linked bond funds have admittedly failed to attract much interest, fixed-income exchange traded funds in aggregate took in €15.9bn in the second quarter, up slightly from €15.1bn in the first...
...A version of this article was first published by Nikkei Asia on September 18. ©2023 Nikkei Inc. All rights reserved....
...Given that our central forecast is that the US will be in recession at year end, that means we still have a short-biased portfolio....
...Uptake of the central bank’s digital yuan has also been slow, with Alipay and WeChat pay continuing to dominate the mobile payments market....
...The Singaporean central bank was responding to similar moves by other Asian countries....
...of England and European Central Bank to ratchet up the pace of monetary policy tightening, writes Chris Flood....
...We’re glad inflation is not running wild, but the central hypothesis remains the same: inflation prompts the Fed to keep rates restrictively high for a while, causing a recession....
...The selling comes amid a sharp repricing of bonds as central banks have turned more hawkish in the face of multi-decade high inflation in much of the developed world....
...Bondholders also expressed concern over the possible scaling back of central-bank bond-buying stimulus packages....
...The whole of the [San Francisco] Bay area was, as with central London, as with central New York, facing a massive affordability crisis....
...In aggregate, the investment profession does not do that,” Buffett griped....
...from private hands, and replacing them with zero-interest base money . . . amplifying the discomfort of investors who must, in aggregate, hold this zero-interest base money....
...They started sketching out plans for a company that would model financial securities, aggregate them into a portfolio, and better analyse all the risks they contained....
...Data on positions by speculators (non-commercial traders) in the US and China suggest that in aggregate investors are in fact long of silver....
...Options are central to retail investors’ success in moving markets, with the use of the instruments that let traders bet on the direction of stock prices being amplified by no-commission websites such as...
...Central banks have opened the liquidity taps. Now rating agencies need to step up and disclose their parameters....
...Numbers news The expiry of the US’s federal supplement to state unemployment insurance could cause a collapse in aggregate demand....
...Supporting aggregate demand and activity is more difficult, but ultimately necessary to stabilize markets....
...Mr Lewis, a partner at Madison Dearborn, is to play a central role in structuring a potential bid for Nielsen, New York advisers who have worked on deals with the private equity group said....
...It’s less memorable, but in aggregate the pain has been fairly similar.” Underrated stocks Value investing has a long and rich history, which even predates the formal concept....
...In its aggregate, the Four Seasons manifests a very Californian ideal of luxury. It’s somehow at once laidback and slightly hermetically sealed....
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