US: The “Trumpism” To Come
The big hope of political self-starters like Donald Trump are those voters without a university education, once members of the US middle-class, who accounted for 36% of the electorate in the last elections.
The big hope of political self-starters like Donald Trump are those voters without a university education, once members of the US middle-class, who accounted for 36% of the electorate in the last elections.
Guntram B. Wolff via Caixin | G-20 ministers in Shanghai appeared to be aware of the importance of structural work. In particular, there was agreement in our panel discussions that the Base Erosion and Profit Shifting (BEPS) project of the OECD was an essential element to deal with tax avoidance and ensure that profits are taxed where economic activity generating it takes place.
Benjamin Cole via Historinhas | It is too bad in some regards that Richard “Inspector Clouseau” Fisher, the former president of the Federal Reserve Bank of Dallas, in no longer ensconced in that position. For one, he was always great copy. For seconds, he was one of the most infallible reverse indicators of Post War Era, and economic soothsayers could bet against a Fisherian proclamation with a rare calm.
CSOs around the world have promoted policies on climate change and ensured that marginalized people’s interests are represented in national climate policy for many years
Caixin | The 2008 global financial crisis thrust Ben Bernanke into the spotlight as his every move drew unprecedented attention, scrutiny continued until he stepped down as chairman of the U.S. Federal Reserve in 2014.
Everywhere in the Western world, the political debate is becoming increasingly toxic. Just attend a Donald Trump meeting to get acquainted with politics grounded on ludicrous nonsense and scornfully abusive remarks towards women, migrants and Muslims. Not to mention how shamefully he upgrades the Ku Klux Klan, portraying it as a respectful club.
UBS | Brazil is arguably facing its deepest recession since the 1930s. However, the recent improvement in investors’ perception of the country, combined with data suggesting economic activity is stabilizing, raises the critical question of whether Brazil has reached an inflection point.
Christine Lagarde’s two-day-visit to China concluded on Monday without any specific agreements on how Beijing will fend off financial risk. But Premier Li Keqiang insisted that they will use all the tools available. Trillions of renminbi of debt have built up in the Chinese economy as a result of decades of stimulus and easy credit.
Both main central banks face a challenging outlook. The ECB may have saved the day recently by showing it still commands enough firepower to support the economy, even if its room for manoeuvre seems hopelessly narrow. The Federal Reserve seems caught in a nasty trap.
Citi | After the recent events, culminating in the execution of the bench-warrant of former President Lula on February 4 , we have reassessed the probability of our current muddling – through macroeconomic scenario and conjectured alternative scenarios .