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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
The contribution of human capital to US growth could be more marginal in the next years for the retirement of the baby boomers

World economy 10th July 2018

Human Capital Contributed Around 3% To US GDP Growth Thanks To Baby Boomers

Caixabank Research consider recent trends in human capital and the outlook for the future. The quality of the US workforce has undergone a remarkable transformation: over the past 70 years, the level of training has consistently improved. However, several studies also indicate that over the next few years, the contribution of human capital to growth could be more marginal. One of the main reasons for this is the retirement of the baby boomers.

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In Europe 10th July 2018

Who’s To Blame For Theresa May’s Meltdown – And Where Will It End?

 via The Conversation | The departures of David Davis and Boris Johnson clearly rip apart what appeared to be the makings of a fragile Brexit ceasefire among some of the big players in the Conservative Party. That ceasefire has now collapsed into open conflict and chaos. And while it’s foolhardy to make any firm predictions at the moment, it’s clear that May has a major crisis on her hands.

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Markets 9th July 2018

The Bitcoin Bubble: Invaluable but Overvalued

Ignacio de la Torre and Leopoldo Torralba (Arcano Partners) | Regarding Bitcoin, we are reaching a point where there is great confusion between the price and the value. If I buy a Bitcoin at $6,000 I would expect a higher value that justifies the greater risk that comes with it (it is extremely volatile, over 60%; while the volatility of currencies like the euro or dollar are less than 3%).

 

ECB stimulus package

In Europe 7th July 2018

Spanish banks’ need for ECB financing 2nd in EZ

BS Markets | Spanish banks’ recourse to Eurosystem financing stood at almost 170 billion euros in May. Second only to Italy’s in Eurozone, whose needs amount to around 250 billion euros. In both cases these volumes represent  15% of GDP and between 6 and 7% of the size of the sector.

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Ibex 6th July 2018

Blackrock second shareholder in Iberdrola with 5%

Blackrock, the largest fund manager in the world, has raised its holding in the electricity company to 5.008% from the 4.998%  it held, and remains the second largest shareholder behind the sovereign wealth fund Qatar Investment Authority (QIA).

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World economy 6th July 2018

What’s Behind The Rise In The Oil Price?

The oil price has risen 70% in the last 12 months, from 45$/ barrel for Brent in June 2017 to around 80$ in May 2018. Thus, after three years of low prices, crude has returned to levels not seen since the end of 2014. What are the forces behind this increase in oil price? Could it damage the world economy?