It was known yesterday that in January the financing to the Chinese economy reached a historical maximum in volume, growing almost 200% since December and exceeding the most optimistic forecasts. This indicator is one of the main tools that the government monitors to stimulate growth.
The crimes of the III Reich, product of Adolf Hitler, still horrify. But no-one remembers the II Reich, whose Chancellor, Otto von Bismarck, is no less execrable than his successor, at least outside Europe. We can thank proofs like “Guilt and Debt” of the German Dierk Schmidt, exhibited at the Velazquez Palace (Madrid) until 10 March.
Until now, cryptocurrencies have only been a speculative bubble which burst, leaving bankrupt millions of people which had believed in the tale of anarcho-liberalism, which claims that they were the new international gold standard. But with 1500, or a million, possible candidates, it is difficult for states to take this data as a guarantee of stability.
via The Conversation | It is almost too easy to bash Facebook these days. Nearly a third of Americans feel the country’s most popular social media platform is bad for society. As the company approaches its 15th birthday, Americans rate its social benefit as better than Marlboro cigarettes, but worse than McDonald’s.
Leonardo Vivas | Until January this year, Nicolás Maduro, Venezuela’s strongman, seemed to have overcome all the obstacles in his battle for political survival. But after a few years preaching in the wilderness, the country’s democratic forces found a new energy with Juan Guaidó.
Shaun Riordan | It now appears obligatory for major companies to issue strategic plans explaining what they will do over the next two or three years, at least in Spain. Market analysts scramble to evaluate them, inventing “objective prices” on the basis of these evaluations. What neither the companies nor the analysts seem to understand is that “strategic plan” is an oxymoron. It is either a plan or it is a strategy. It cannot be both.
Alberto J. Lebrón (Beijing) | The pig, in Chinese culture, has always been a symbol of abundance. Given that the pig is an essential element in their diet – Spain is the country that exports most pork to the China market – explanations abound. But what is significant is that this year of the pig is going to be far less abundant than previous years.
Chandra Roy | There are two kinds populism. The first, those who have fought against the established patriarchy and rampant racism which has unfortunately contaminated our species. The second kind is the new under capped factions fighingt against the very principle of favouritism which was initially endeavoured to be eradicated by the first wave of populism.
AXA IM outlook for the US economy, which was below consensus back in November, was a herald of subsequent market fears. Since the relationship between the recession risk and the market sell-off goes both ways, the question was whether market events had overtaken the economic outlook and threatened an even sharper slowdown in activity. Now, they have updated our probabilistic model of US recessions.
In addition to the losses from the 34 day US administrative shutdown, which were set at $11 Bn, there are other reasons to expect a less positive tone in the US than the positive current one. For the analysts at Intermoney, the only aspect able to explain this is the so called Powell put whose effect will be temporary. But where does this concept come from?