Sustainable Cities of the Future
Nilanjana Sen | With over half the world’s population living in cities, the 21st century has been described as the urban century. It is estimated that 75% of the global population will be living in cities by 2050.
World economy
Economists and investors disagree over U.S. economy
There is a definite clash between investors and economists over the US economy. According to Intermoney’s Spanish analysts, markets are looking for reasons to take apart the thesis about the country’s resilient activity, arguing that moderate growth is insufficient. Then there are the economic purists, including many Fed members, who are confident the US recovery is sustainable.
The Tale Of Two Markets, Or, Why “Fighting Inflation” Is A Bad Idea For The Fed
Benjamin Cole via Historinhas | Motor vehicle sales are booming in the United States, up 10% in the last year, and double since the Great Recession. Thanks to blogger Kevin Erdmann of Idiosyncratic Whisk, we have a better understanding of inflation in the U.S. and the role that ubiquitous local property zoning plays in suffocating supply, and thus boosting price.
As China Ends the One-Child Policy, What’s Its Legacy?
Stephanie Gordon | China has announced the end to its infamous one-child policy, the restrictive rule that has limited many families to one child—and some to two children—for the past 37 years. The changes will allow all couples to have two children.
His Excellency, the Model, Suggests…
The Federal Reserve Board released an updated version of its large-scale model on the US economy that may hold clues into why policy makers pivoted at their meeting earlier this week toward a December interest-rate increase.
Latin America: Is Unemployment the Next Shoe to Drop?
UBS | We have long argued that Latin America is in the midst of a long, protracted economic adjustment to the new reality of lower commodity prices — as China’s investment – led growth strategy runs out of steam — and of tighter capital conditions — as investment opportunities into commodities fall and the Fed gears up to raise interest rates.
Germany and China Share Several Goals in Common
Michael Clauss via Caixin | Both countries want to solve the world’s crises, continue to innovate and develop sustainable economies – all reasons for optimism in the relationship.
Trimming RRR, Interest Rates Won’t Save China’s Economy
Guan Qingyou via Caixin | The Chinese central bank’s decisions to trim banks’ reserve-requirement ratios and benchmark interest rates this year have all coincided with bad news, so it was hardly surprising that it would make cuts again on October 23, shortly after the National Bureau of Statistics said the country’s GDP growth rate for the third quarter fell to 6.9 percent.
Argentina: How To Read Elections’ Unexpected Results
BARCLAYS | The results of Sunday’s general election in Argentina have forced a run-off on November 22. Defying the opinion polls, with 97% of votes counted, Mauricio Macri (34.33%) finished very close to Daniel Scioli (36.86%). The two political adversaries have very different economic agendas.
The Fed Should Transmit A Message Of Confidence
Better placed observers, such as the Financial Times, bet this week’s FOMC meeting should serve as a test of its members’ mood regarding the planned increase in US rates. Janet Yellen lacks the authority her predecessors commanded and wants to make sure this critical decision garners full support.