Will Germany’s economic model survive the conflict in Ukraine? As I noted in a recent talk at Harvard University, answering that question requires revisiting recent economic history. Germany’s economy was transformed after the fall of communism in 1989. Liberalisation of trade with the country’s eastern neighbours had three profound effects at home. First, it led […]
USD/CAD above 1.3000 for the first time in a month, sets new post-pandemic high. Loonie loses 2.0% on the week, 4.0% since June 8. WTI collapses 8.1% on US inventory build, recession fears. FXStreet Forecast Poll reflects technical vulnerability above 1.3000. The USD/CAD traded to a new 19-month high at 1.3078 high on Friday as […]
An employee welds pipe at Pioneer Pipe in Marietta, Ohio. Getty Images Production at U.S. factories unexpectedly fell in May, the latest sign of cooling economic activity as the Federal Reserve aggressively tightens monetary policy to tame inflation. The first decline in manufacturing output since January reported by the Fed on Friday followed news this […]
Shares in Asia followed Wall Street lower after the UK and Switzerland raised interest rates, adding to concerns that tighter monetary policies from central banks could undercut a global economic recovery. Japan’s benchmark Topix index and Australia’s S&P/ASX 200 both shed 2 per cent, while South Korea’s Kospi fell 1.7 per cent. China’s CSI 300 […]
GENEVA, N.Y. — New York state Comptroller Thomas DiNapoli offered his thoughts on the state of the economy during a visit to Ontario County on Thursday. “It’s definitely a more challenging economic climate,” DiNapoli said. What You Need To Know New York state Comptroller Thomas DiNapoli offered his thoughts on the state of the economy during […]
Deputy Prime Minister and Finance Minister Chrystia Freeland is delivering her first major speech since the budget today, outlining $8.9 billion in financial supports her government has introduced to help Canadians deal with rising inflation. “We know that Canadians are worried about inflation and that they’re asking what their government is going to do about it,” […]
Image © Adobe Stock The Bank of England walked a steady line by announcing a 25 basis point interest rate rise on June 16, a move that disappointed some in the market looking for a more forceful 50bp hike. The British Pound fell against the Euro and Dollar as the news broke and it was […]
“Inflation is the bane of our existence,” President Biden lamented last week to talk show host Jimmy Kimmel. Unfortunately, he was referring to inflation’s effect on presidential approval ratings, not the plight of average Americans brutalized to pay for gas and groceries. The president’s speech Tuesday to the AFL-CIO was another Team Biden pity party […]
Placeholder while article actions load Breathing is more dangerous than smoking cigarettes or drinking alcohol. That’s according to the latest report from the Energy Policy Institute at the University of Chicago, which says that air pollution now takes more than two years off the global average life expectancy — more than cigarettes, alcohol, or conflict […]
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