Reasons Not To Be Alarmed By A Tumbling Yuan
Zhong Zhengsheng | The yuan has depreciated further against the U.S. dollar recently, with the central parity rate on July 6 hitting the lowest level since November 2010, at 6.68 yuan for every dollar.
US
Macroeconomics Should Consider Now The Equilibrium Between USA and China
J.L.M. Campuzano (AEB) | It’s the economy! Although the economy was certainly not an issue which weighed on a large part of the vote in the Brexit referendum. And maybe that’s exactly why the outcome took us all by surprise. Are the macro forecasts made prior to the referendum obsolete? I hope not…
US Economists Bark Up The Wrong Tree
Benjamin Cole via Historinhas | There is a rough consensus among US macroeconomists that topics for discussion are the bad minimum wage, the virtues of free trade, and inflation.
China-U.S. Relations: Hostage To None
Hu Shuli via Caixin | The eighth session of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing on June 6 and 7 received more than the usual attention amid signs of increased tension between the two countries. In addition to tensions over disputed islands and reefs in the South China Sea, friction has been generated in recent months by China’s attempt to be recognized as a “market economy” and America’s…
US Close To Full Employment Not Recession
The latest jobs data from the US is the worst for six years: 38,000 jobs created in May compared to the 160,000 expected. The market slumped on the news of the bad figures, but Yellen played them down. She said “too much attention” should not be paid to one jobs report and that she was still in favour of raising rates.
US Jobs Data Dash Rate Hike Hopes
Disappointing job growth in May at roughly one-third of the expected figure, coupled with a downward revision for the previous two months, cast unexpected doubts on the US recovery. The labour market has slowed to half the pace seen a year ago.
In a Post- Obama World
Jarno Lang | Obama is not only a pop-cultural phenomenon, but also a pragmatic leader. His successor will have to deal with a worldwide net of dependencies.
US Natural Gas Production Stalls As Europe Becomes The Dumping Ground For Gas Supplies
Julius Baer Research | US natural gas prices surged more than 5% yesterday in part driven by slowing production and warm weather forecasts suggesting increased power demand. The official monthly statistics released yesterday showed a sequential decline of natural gas production in March, confirming the view among analysts that the shale oil drilling downturn will weigh on associated natural gas supplies.
US Consumer Spending At Levels Of 2009 Gives Impetus To Rate Hikes
BBVA Research | The latest personal income and outlays report by the BEA, which is the favourite indicator for the Federal Reserve to measure deflation, showed that income continued to expand at a solid pace (0. 4 % MoM) , while spending increased dramatically (1 % MoM) in April . The increase in income was in line with consensus expectations, while the consumer spending increase was significantly higher (consensus expectations stood at 0.7% MoM). The increase in consumer spending in April was the highest since August 2009 .
How Ideological Trenches in US Politics Can Be Overcome
With the blustering presidential nomination process in full swing, ideological polarization among partisans often feels like a swelling tide in today’s America, adding a chaotic undercurrent of lurching impulses and public vitriol. There are also signs that partisanship among the electorate has increased recently and could be the root of governmental partisanship.