One must be careful in interpreting data. The world has changed, and it impacts how people behave and ultimately the resulting data. The recent Retail Sales data is a case in point. It cannot be interpreted with a pre-virus backdrop. It's rise in September 2020 doesn't mean the same as a similar rise would have meant in September 2019.
We have seen some back-up in interest rates over the past month. Fixed income investors are worried about excessive deficits and the resulting supply of debt (on top of record or near record corporate debt). History tells us that this is temporary, and we have a Fed as the head deficit cheerleader. There are implications, too, for the dollar's status as the world's reserve currency.
Were you following this:
Visualizing the Economics of Coffee in One Chart
The obvious answer might be coffee beans, but when you start to account for additional costs, the scope of a massive $200+ billion coffee supply chain becomes clear.
From the labor of growing, exporting, and roasting the coffee plants to the materials like packaging, cups, and even stir sticks, there are many underlying costs that factor into every cup of coffee consumed.
The above graphic breaks down the costs incurred by retail coffee production for one pound of coffee, equivalent to about 15 cups of 16 ounce brewed coffee.
The generation game - Wall Street will soon have to take millennial investors seriously | Finance
Young investors have become infamous during the pandemic. As markets have rocketed, budding punters have engaged in a frenzy of day-trading on their phones. Look past the notoriety, though, and a profound shift in the ownership of investment assets looms. Millennials, typically defined as those born between 1981 and 1996, still hold a tiny share of total wealth (see chart).
The young acquire wealth by inheriting or earning it. Already more than a third of America's labour force is millennial and they have been the largest cohort since 2016 (even though some are still in education). Bank of America Merrill Lynch reckons that, worldwide, their earning power will rise by nearly three-quarters in 2015-30 as more start work and others gain seniority.
Turkish president dares U.S. to impose economic sanctions
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan challenged the United States to impose sanctions against his country while also launching a second personal attack Sunday on French President Emmanuel Macron.
"Whatever your sanctions are, don't be late," Erdogan said, referring to U.S. warnings for Turkey not to get directly involved in the conflict over Nagorno-Karabakh, where Ankara supports Azerbaijan against ethnic Armenian forces.
The Turkish leader also mentioned Washington's threat of sanctions after Turkey tested the Russian-made S-400 air defense system. The purchase has already seen Turkey kicked off the F-35 stealth fighter program.
Many things are taking place:
Why China's dramatic economic recovery might not add up | Business | The Guardian
Government data showed growth of 4.9% between July and September, slightly lower than economists had expected, but still an astonishing achievement.
Analysts have warned, however, that apparent data manipulation, and the details of how China returned to growth – relying more on investment than consumption – raise questions about the strength and durability of the economic revival.
Nick Marro, lead analyst on global trade at the Economist Intelligence Unit, said the figures appeared to show a shuffling of some data to boost the overall GDP growth rate for the third quarter, although he cautioned there was no direct evidence of any data fabrication.
Trump's Biggest Economic Legacy Isn't About the Numbers - The New York Times
BETHLEHEM, Pa. — To understand how much President Trump has altered the conversation around the economy, just listen to Bruce Haines, who spent decades as an executive at U.S. Steel before becoming a managing partner of the elegant Historic Hotel Bethlehem.
The steel mills that still dominate Bethlehem's skyline have long been empty. And now, so are the tables in the Tap Room, the hotel's restaurant, a sign of the economic hardship caused by the coronavirus pandemic. "It's been very difficult," Mr. Haines said.
The Irish Economic Model Is Built on Rotten Foundations — Now Its People Want an Alternative
On May 12, 2014, Donald Trump's private jet landed in Ireland's Shannon Airport. He was there to oversee his new golf resort, bought for a song from the bankrupted previous owners. At the time, Trump was not yet a candidate for the presidency and was best known as a reality TV celebrity and a leading Obama "birther" conspiracy theorist.
When Trump descended to the airport tarmac, he stepped onto a red carpet. Three Irish colleens in matching red evening dress and stiletto heels serenaded him to the accompaniment of Irish harp and fiddle. Someone dressed like a butler in full Downton Abbey –style was taking snaps with a mobile phone. The mayor of County Clare was there.
Preliminary Year Tutor in Business and Economics job with UNIVERSITY OF NOTTINGHAM NINGBO CHINA |
Join a unique British University in China . The University of Nottingham Ningbo China (UNNC) was the first Sino-foreign university to open its doors in China. This award winning campus offering a UK style education has grown to establish a student body of over 8,000 in just 16 years. We are looking for a qualified and committed Preliminary Year Tutor in Business and Economics to join the Centre for English Language Education.
Happening on Twitter
Happy Birthday, @netanyahu! I wish you and all the Jewish people good health and the strength to face all the chall… https://t.co/VY8iOBueKq ZelenskyyUa (from Україна) Wed Oct 21 05:52:08 +0000 2020
No comments:
Post a Comment