Donato Ndongo | We know the Earth produces enough food to feed its 7.5 million inhabitants. But 11% of them die every year due to famine or a lack of drinkable water. So 815 million people, including 5.6 million children.
Valery Engel via Fair Observer | If 25% of minorities are unwilling to accept the integration model of the state, then it is a crisis not only of integration, but of the national state itself.
President of Argentina, Mauricio Macri, has not taken long to see the writing on the wall: he has officially asked for help from the IMF. On Monday, the peso/$ devalued 5%, which is a savage drop. Domestic and foreign equity have completely lost confidence in the economic governance and have fled terrified, with huge losses, given the peso’s accumulated depreciation.
As explained by as Philippe Waechter, Chief Economist at Ostrum AM, during the first quarter, growth was robust in the US and in Spain, slightly lower than expected in France and weaker than anticipated in the United Kingdom.
According to data from Citi, in 2017, non -technology companies accounted for two-thirds of all acquisitions of technology companies and 80% of global deal volume involving technology targets over $1bn in size was motivated by disruption.
Near-dated crude oil prices have rallied on robust demand and falling inventories, but long-dated prices have not moved. BoAML’s analysts see close to 1.5 mn b/d of output oil facing some risk of disruption, primarily across Venezuela, Iran, and Libya.
Three months ago Joachim Fels, PIMCO Global Strategic Advisor suggested that the U.S. administration had gained the upper hand in the cold currency war it had been waging ever since it took office in early 2017, but recent developments suggest that it was premature to declare a U.S. victory.
Stock repurchases by corporates have by far been the most dominant source of demand for American equites in the current bull market. According to figures of AXA IM, equity buybacks since the global financial crisis, for S&P 500 companies, have totalled more than US$3.5tn, continuing a phenomenon that began around three decades ago.
The biggest economic threat today is not the interest rate, nor the exchange rates, nor the possible trade war fuelled by Trump: it’s the debt accumulated by countries across the world. This has increased 12% of GDP since the crisis, totalling 225% of global GDP. Starting with China, followed by Europe and ending up with the US, the threat from the current and future debt is terrifying.