Atul Singh | How much value have technological advances created? On one side are internet bears who point out that productivity has been falling and the internet is not a big a deal. On the other side are internet bulls who argue that the internet has unleashed a new wave of productivity that is not captured by current measures accurately.
S. Suresh |Decency and decorum in American politics will still be a distant dream, even if Democrats win the midterm elections on November 6.
The Federal Reserve is more or less protected from the demands of political parties. But what about the influence from ‘special interest groups’ such as the banking industry on Fed policymaking? “There is hardly be any doubt that the Fed caters, first and foremost, to the needs of commercial and investment banks, ” says a report from Degussa.
Q3 earnings season has been strong virtually all over the place, well above expectations, and consensus forecasts move up. According to analysts at Julius Baer, “equity weakness continues to be driven by performance protection and money flow rather than fundamental factors.”
via The Conversation | Bolsonaro’s victory will likely worsen an already acute crisis in Brazil, the second-most populous nation in the Western Hemisphere.Once a rising star in the developing world, Brazil has been mired in severe recession and political turmoil since 2015. Hundreds of politicians, including former President Lula, have been arrested and jailed in a judicial investigation that has exposed corruption at the highest levels of government.
Jair Bolsonaro, a right-wing populist, is the favourite candite to become Brazil’s next president against Fernando Haddad, the nominee of the Workers’ Party. Polls point Bolsonaro is ahead by 11 points. In this context, Brazilian public debt is at 77% at present. This is what analysts at AXA IM say about Brazilian’s “explosive” public debt issue.
The post-2009 bull market in the S&P 500 is now just over nine-and-a-half years old and counts as the sixth to emerge since 1970. As pointed by Simon Derrick managing director of BNY Mellon, “where the current bull market does differ from the pattern set over the previous five is in the lows set for three-month realized volatility.”
Pablo Pardo (Washington) | In global political and journalistic mythology, the word “impeachment” is loaded with meaning. In the city of Washington, where this curious political figure takes place, its importance is much less. In practice, the impeachment is no more than a vote of “no confidence” in the US President by the House of Representatives.