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Related Special Reports
...We’re still living in interesting times. One good read American big-box store sells lots and lots of small bits of metal....
...Composers David Lang, Julia Wolfe, Michael Gordon and their All-Stars ensemble launched the first Bang on a Can 24-hour concert of new music (of all kinds) in 1987....
...You need to pick a spot where you’re sure the public will understand why you’re doing what you’re doing.”...
...“We’re doing the best of anybody,” Powell said. “We’ve got the strongest growth and the lowest inflation of the advanced economies.”...
...Arpa won the legal challenge in 2012 and Romain Jerome declared bankruptcy in 2020....
...“You’re going to have big inflation. He’s not going to be able to do anything,” Trump said, referring to Powell....
...“They’re probably going to shrink in the short-term but they aren’t going to fall off a cliff.” Stephanie Stacey...
...“We’re trying to keep each other in the race,” he says....
...As a central bank, you’re better off being too conservative right now.”...
...“We’re not declaring victory,” he said....
...“Once you go beyond that, it’s difficult to maintain the message that you’re not close to the point where you’re considering cuts or speculating around it,” he said....
...So after leaving rates on hold this time around, Powell was widely expected to give a subtle wink and a nod to markets that “you’re overdoing it, knock it off”. He did not do that at all....
...“The consumer is being discerning; they’re making sure they’re waiting until these promotional events to go out and buy these big-ticket items,” he said....
...A further decline in Biden’s re-election prospects in early 2024 ought to scare the markets. Trump 2.0 would aim to kill the Fed’s independence....
...If we’re going forward into a world of more supply shocks, rather than demand shocks, it could make bonds a less attractive hedge to equities, and therefore you need to be paid more, and therefore the term...
...Such storms, particularly in the US and Italy, have left in their wake $60bn of insured damage, more than double the previous 10-year average, according to reinsurance group Swiss Re’s research arm....
...“The question we’re asking is, should we hike more?” he said....
...Yesterday, Fed chair Jerome Powell hedged on exactly when they’d start to cut rates. Voice clip of Jerome Powell We believe that our policy rate is likely at its peak for this tightening cycle....
...The first public result was Dylan’s re-recording of “Blowin’ in the Wind”, which sold for nearly $1.8mn at auction in 2022....
...The economy, or at least big parts of it, have re-accelerated, as exemplified by the pick-up in consumer spending this summer....
...This is the 10-year, 10-year Treasury forward (ticker G0025 10Y10Y BLC2 Curncy GP on the Bloomberg terminal, if you’re interested)....
...Last autumn, I began each day in front of Joachim Patinir’s “Landscape with Saint Jerome”....
...While real wages are down in most of Europe since 2019, in the US they’re up 6 per cent....
...(H/T to the great Robert Wolfe for spotting this.) That “Global South” solidarity you read about is inexplicably absent....
...“They’re innovating in so many ways – reviving field blends [cuvées made from different varieties grown in the same vineyard] and championing neglected grape varieties including Pinot Gris and Arbanne; ageing...
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