BoAML | A combination of weaker growth and low inflation is driving an ongoing monetary easing. So far this year, nine out of the 35 central banks we actively cover have cut rates and only three have raised rates. Over the rest of the year, we expect cuts by 14 central banks,
The Corner | For the second time this month, oil prices dropped below 60 $ per barrel. Growth concerns and a bearish market mood drove the latest sell-off, but fundamentals are now adding to the price pressure. US oil inventories swelled unexpectedly and led to a drop in oil prices.
John Feffer via Fair Observer | For Donald Trump, tariffs are a substitute for diplomacy, just as harassment in his personal life is a substitute for normal human interaction.
Alphavalue | Europe could be lucky after all to have indices with a minimal technological/IT component. The semiconductor, software, computer and digital media sectors dominated by the US face two paradigm changes. The first was fairly easy to identify, even so it took time to arrive: a certain regulation of the personal data market through anti-monopoly measures. The second disagreeable surprise is Huawei.
Macroeconomists at Morgan Stanley have updated their estimates and believe that global growth will remain frozen at this level for the rest of 2019.
Miguel Navascués | Everyone talks ever more passionately demanding that climate change be slowed by changing from energy based on oil and gas to one that does not produce CO2. But no-one explains if technological change will really allow this to happen in time.
Caixabank Research | The current expansionary phase in the US economy is on course to be the longest in history and so far has avoided upheavals. Nevertheless, over recent years, it has produced financial imbalances, especially in the corporate sector, which could destabilise the economy as a whole in an adverse economic scenario. Below we analyse it in more detail.
Louise Montgomery via Fair Observer | When it comes to agricultural technology, business opportunity is filling the void left by political inertia.
Debt/Ebitda ratios of US companies is estimated to be around 3.3X compared to 2.3X in 2008, although the coverage of interest ratio (Ebitda/interests) reaches 7.4X compared to 7.3X in 2008. Therefore, although the level of debt is indeed high, the capacity to pay is also elevated, which is what really matters.
Freya Higgins-Desbiolles via The Conversation | The tourism industry’s challenge is to develop effective strategies to bring tourists and locals into better alignment.