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...AL: No, they’re not. They’re not using a deficit to stimulate the economy, they’re using it to subsidise unemployment. They’re increasing transfer payments and transfer payments kill the economy....
...However, Rogoff et al argue that while the patterns in short-term rates are noisy, if you look at long-term real rates (that is, nominal rates adjusted for inflation) there is a clear and striking trend....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...And then last year, 2023, global trade growth in services and goods, as we’re talking about volumes of trade was up around 1 per cent. So fairly slow....
...The new haven of global terrorist groups, including al-Qaeda and Isis, has turned out to be the old one — Afghanistan....
...We’re also reading . . ....
...“We’re looking at [demand of] 104mn b/d in 2024, with more growth expected in 2025,” he said....
...Of course, O’Neill et al were mostly talking about these countries as burgeoning economies with tons of potential. And many of these countries have indeed subsequently done well....
...Ten months later and the ITC is still running seminars for companies on how to fill in the forms. (There’s one tomorrow on Webex if you’re interested.)...
...titles have carved out a deeply niche audience (Popeye, for example, has established itself as a bible for street style-wearing “city boys”, while Casa Brutus caters to Tokyoite apartment dwellers), they’re...
...Bunzl, Howdens et al are generally smaller than the household names, and smaller companies can grow faster. Bunzl’s revenues, for example, have increased from £2.7bn to £11.8bn over the past 20 years....
...“We’re not looking for a wider war with Iran.”...
...In Kenya, the US maintains an overseas military presence at Manda Bay to support counterterrorism operations against al-Shaabab, the Somalian Islamist militant group linked to al-Qaeda....
...Benson Durham, head of global policy and asset allocation at Piper Sandler, said his analysis suggests an almost 25 per cent chance of a move higher in rates over the next 12 months, while a PGIM analysis...
...When a hulking container ship was 23 minutes away from crashing into the Cleeton natural gas platform in the North Sea, it was Al Cook’s first night as a manager of the offshore installation operated by...
...out on their own . . . now we find we’re outside and have to get back in.”...
...Pope Francis cancelled plans to take part in the summit, while US vice-president Kamala Harris looks set to attend. How will history judge Sultan al-Jaber?...
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...saturates the global market....
...The context for that was the turmoil around Silicon Valley Bank, et al....
...Designs for continuing and returning productions of the long-playing classics – Miss Saigon, Les Mis et al – are widely available, but discerning fans will be able to distinguish between a Cats T-shirt from...
...That’s what we’re seeing now,” Regan told me yesterday....
...Last month, NWBO and its Reddit fans were rebuffed by a Manhattan court, which granted Citadel et al’s motion to dismiss the case. But there was a sting in the tail....
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