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Search Results for ten lost months

In the World, World economy 12th December 2020

Airbnb Going Public Is A Maverick Move

Olga Cam and Mohammad Rajjaque via The Conversation | The travel and tourism industry is hopeful for a much faster recovery than other market segments. There are two reasons for this: first, there is a psychological demand for travel and holidays after a very long lockdown. Second, the availability of cash. The Airbnb IPO seems to be boldly positioned right at the expected beginning of the recovery in Europe and the improving market conditions encouraged last minute share issue price.

Relevant News Item 7th November 2020

How Will Joe Biden Mansplain His Mandate?

Peter Isackson | In a New York Times article that appeared just before this week’s interminable presidential cliff-hanger of an election, Lisa Lerer pondered how things might unfold after a Biden victory. She and the rest of the US punditry thought at the time that it might be decisive enough to define the future of the nation. Lerer cites Representative Pramila Jayapal’s speculation that Biden’s triumph could inaugurate an era of spectacular reform: “A White House victory would give Mr. Biden a mandate to push for more sweeping overhauls.”

Spanish economy 21st October 2020

Fashion Maintains Its Share Of Spain’s GDP At 2.8% In 2019; But A Substantial Impact Is Expected In 2020

Fashion is fundamental to the Spanish economy, by contributing more than 2.6% to GDP in the primary sector. This is only slightly less than the 3.6% from banking and insurance or the 5.8% from construction, according to a joint report from Modaes.es, the Centre for Information on Textiles and Clothing (Cityc) and Accenture. However, the pandemic has sparked big declines in terms of activity, employment, exports and retail sales in the first months of 2020.

In the World, World politics 30th September 2020

Trump And Biden Clash In Chaotic Debate – Experts React On The Court, Race And Election Integrity

The Conversation | President Donald Trump and former Vice President Joe Biden took part in a presidential debate Sept. 29 that exemplified the lack of civility in American politics. The president frequently interrupted and spoke over his challenger, Biden told Trump to “shut up,” and few issues were discussed in enough depth to provide much information to undecided voters. We asked three scholars to discuss themes brought up by moderator Chris Wallace of Fox News, who struggled throughout the debate to keep control.

Spanish economy 14th September 2020

Brief Chronicle Of Spain: A Bad Summer. A Worse Autumn?

Joan Tapia (Barcelona) | The figures of the Spanish economy were terrible in the second quarter. GDP plummeted by an outrageous 18.5% compared to the previous quarter, while the GDP of the euro area, despite suffering the biggest fall since reliable statistics have been available, fell considerably less, by 11.8%. And the loss of jobs in the same period was 7.5% in Spain compared to 2.9% in Europe.

In the World, World economy 28th August 2020

Fed Monetary Policy Review – No FAIT But What We Make

David Page, Head of Macro Research at AXA Investment Managers | Federal Reserve Chair Powell delivered the first shared address to a (virtual) Jackson Hole Monetary Conference. He delivered the conclusions of the Fed’s Monetary Policy Review, a process that was started in early 2019, and was due to be announced earlier this year, before the pandemic delayed the release. The Review maintained the broad pillars of Fed policy making: a dual mandate with employment and price stability goals, with price stability defined as 2% over the long term. However, it made three changes…

World economy 29th June 2020

A V-Shaped Bounce In Q3 GDP Is Possible

Chris Iggo (AXA Investment Managers) | The second quarter was disastrous for society and the global economy. The danger on both fronts is passing only slowly. Yet the quarter was great for markets. Barely any asset class delivered a negative return. Trillions of dollars of money was created and central bank balance sheets boomed. It has been a lesson in not underestimating the power of policy. Cheap valuations and rocket-fuel policy drove risk assets. The starting point for Q3 is not quite the same. Where fundamentals go is much more important now.

Uncategorised 9th June 2020

Stunned By The US Jobs Report

Michelle Meyer & Alexander Lin (BofA Global Research) | The May jobs report was nothing short of stunning. The labor market recovery started earlier than expected as job growth rebounded by 2.5mn in May. In total, 22mn jobs were lost with a peak U-rate of 14.7%. The quick bounce in job growth reflects the “easy” rehiring. The path becomes more challenging thereaſter, with a long road to full employment.

World economy 5th June 2020

Gold In Times Of Economic Crisis And Social Revolution

Degussa | Unfortunately, those blaming capitalism are barking up the wrong tree. For all their critique of inflationary money, economic hardship and rising inequality are the direct results of governments’ successful war against capitalism, which has been replaced by a system of interventions; the free market system was replaced by a system of decrees and prohibitions, all of which are incompatible with capitalism in the true sense. Against this backdrop, the question arises: How come that people put all the blame on capitalism rather than interventionism-socialism?

World economy 27th May 2020

How, For The USA, To Find A Balanced Momentum After Such A Shock?

Philippe Waechter (Natixis AM) | The CFNAI index, calculated by the Chicago Fed, is the best measure of the economic situation as it is. It is a composite of 85 indicators published in one month. It includes industrial production, retail sales, employment and many more. It is published late compared to the surveys, but it perfectly reflects the state of the business cycle. It reads on average over 3 months and when it is greater than -0.7, the probability of recession is almost zero. Below this threshold, the risk of recession is high. See here for more details. In April, the index dropped more than 10 points to -16.74 from -4.97 in March. Its three-month average was -7.22 compared to -1.69 in March. The indicator is well below the threshold of -0.7. As the graph shows, The index is also well below the measures observed in 2008/2009. The shock is of a different kind and magnitude never before seen. This curve has the same pace as that of employment which in April contracted by 20.5 million.

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