World economy

Facebook is working to consolidate the technology behind them

Facebook’s Scandals And Outage Test Users’ Frenemy Relationship

Elizabeth Stoycheff (The Conversation) | When Facebook was down for most of the day on Oct. 4, 2021, did you miss it, were you relieved or some of both? Social scientists have compiled an expansive body of research that shows how people have come to develop a love-hate relationship with the social media giant with nearly 3 billion users. Facebook’s stunning success has come at the expense of the privacy of its virtual friends. Its “we sell ads” business model may sound benign, but the platform collects more data and information about users than they may consciously know about themselves.


FedTC

The Fed Announces An Internal Investigation Into The Financial Operations Of Its Members

The investigation follows the recent resignations of Rosengren and Kaplan, presidents of the Boston and Dallas Federal Reserve respectively, for questionable trading in 2020. The spotlight is now on Clarida, the Fed’s vice chairman, after she moved between $1m and $5m from a bond fund to an equity fund a day before Powell’s statement in late February 2020, in which he announced possible Fed policy action because of the pandemic….


View of Chicago

Will The Pandemic Threaten The Future Of Big US Cities?

Jared Franz & Lisa Thompson ( Capital Group) | While the data is short term and the jury is still out, there are early signs of a powerful deurbanization trend in the United States and other major developed economies. Since the start of the COVID-19 pandemic, migration from some big cities has accelerated while suburban home prices have soared. Moreover, national labor force surveys indicate an overwhelming majority of employees who have been working from home want to continue doing so one or more days per week.


Cambio Climatico Economia 746x419

Some Like It Hot – The True Beneficiaries Of Global Warming

Stephan Eugster (Vontobel) | The energy requirements of the building sector for indoor climate control are increasingly becoming the focus of European sustainability efforts. Companies that can supply energy-efficient heating and cooling solutions for buildings will be able to benefit from this new push by the EU. The Swedish company NIBE is one of the pioneers in this field. The company’s “Climate Solutions” division, of which heat pumps are a part, accounts for 74% of the company’s revenues.


Cuba

Half A Century Later, Cuba Authorises The Creation Of 32 Private Companies

According to El País today, the Cuban government has authorised the creation and operation of 32 private companies. Half a century after the nationalisation of all private businesses by Fidel Castro, micro, small and medium-sized private companies are once again operating in Cuba.On Wednesday, ten days after the law came into force and the first applications were submitted, the government approved the first 35 MSMEs, 32 of them private and…


okdebt copia

Which Countries Have The Highest Levels Of Corporate Debt?

A new study by Utility Bidder revealed the countries and industries with the highest level of corporate debt. Luxembourg was the country with the highest debt, at 391.54% of their GDP, whilst the restaurant/dining industry was the sector with the highest debt percentage of its total capital at 113.82%. Is covering the findings of interest? Every country has debt in many forms, such as: public debt, personal private debt, and…


ImpliedFedFundsTargetRate

Fed Signals Faster Tapering In 2023 But Under-Delivers On Next Year’s Dot Plot

Simon Harvey (Monex Europe) | While every sell-side analyst didn’t expect the FOMC dot plot to signal a rate hike in 2022, markets had other thoughts. While two members shifted their expectations to move the median dot plot to signal rates at 0.3% in 2022, this under-delivered in the eyes of rates markets. The price of eurodollar 2022 futures rose, in turn lowering the expected interest rate, while risk was…


An ammonia storage facility

Ammonia, Not Just A Question Of Colours

Mirabaud | When electricity needs to be produced, the cheapest energy sources are used first: wind, solar and hydro. If they are not available, more expensive energies are added: lignite, nuclear, coal, gas and,finally,green ammonia.
You may ask, rightly, what green ammonia has to do with this list of energies. Scientists recently discovered a potentially revolutionary feature of ammonia by using it as an energy source.


An exterior view of China Evergrande Centre in Hong Kong

Evergrande Is Not Lehman

Intermoney | A slightly higher opening (Eurostoxx futures +0.3%) after yesterday’s 2% falls in the main American and European indices, with the Ibex registering a better relative performance, buoyed by the tourism and defensive sectors. This environment of greater risk aversion and fears about economic growth also translated into additional moderation of IRRs. In the case of Europe, this was also supported by the statements from Villeroy, the governor of…


Gold

Gold Outlook To Q2 2022: Needs To Catch Up With Inflation Reality

Nitesh Shah (Wisdom Tree) | After staging a recovery for most of Q2 2021, drawdowns in June and August 2021 have set the metal back. Based on our modelling framework, gold looks severely under-priced. Red-hot inflation – currently above 5% – should point to a gold price above US$2000/oz, yet we are currently languishing around the $1785/oz handle. As Figure 1 below shows, our model indicates that in July 2021,…