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Michael Roberts: La moderna teoria della moneta II
Archivio di documenti e articoli per la discussione politica nella sinistra
info  Economy 
10 hours ago by thx1138
The Fed’s Rate-Raising Days Are Over. Wall Street Couldn’t Be Happier.
Money has finally started to chase this year’s stock market rally, which has been driven largely by the Fed’s sharp turn away from last year’s steady rate increases.

Just three months ago, investors were in a panic over the idea that the Federal Reserve might push borrowing costs too high and tip the United States economy into a recession.

Now, Wall Street is toying with the idea that the central bank could actually be cutting interest rates by the end of the year.

Those forecasts are evident in the market for interest rate futures, where the odds of another interest rate increase in 2019 have fallen to zero, from about 30 percent in December, while the chance of a decrease in rates has risen to more than one in five.

One reason for the changing forecasts? The Fed’s own signal to be more patient as it evaluates whether or not to keep raising interest rates. Since the central bank’s chairman, Jerome H. Powell, first spoke about this newfound patience, stocks have soared more than 15 percent.

“It’s been a night-and-day difference, the outlook for stocks going from December into the first quarter this year,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York. “And I think you could say that Federal Reserve policy was very important in underpinning the stock market rally.”

The Fed could add more fuel to this rally on Wednesday, when the central bank concludes its latest monetary policy meeting. It is expected leave interest rates untouched and further emphasize that it is in no hurry to lift them.
economics  economy  usa  federalreserve  interestrates  business 
yesterday by jtyost2
Trump spooks markets with China trade tariffs warning - BBC News
US stocks have fallen after President Donald Trump said his administration was considering leaving tariffs on China for a "substantial period".

Mr Trump said that a trade deal with Beijing was "coming along nicely", but his comments dampened hopes a deal would be reached soon.

US negotiators are due to visit China next week to resume talks.

Wall Street baulked at Mr Trump's comments, with the benchmark Dow Jones falling almost 1%.

The Nasdaq and the S&P 500 also fell.

Mr Trump said: "We're not talking about removing them, we're talking about leaving them for a substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal."
china  tariff  trade  economics  economy  usa  business  diplomacy  DonaldTrump  politics 
yesterday by jtyost2
Dollar Street
In the news people in other cultures seem stranger than they are. We visited 264 families in 50 countries and collected 30,000 photos.
We sorted the homes by income, from left to right.
economy  money  data 
yesterday by ftofani
Can Syria rebuild with Assad still in power? | Financial Times, Feb 17, 2019
The proportion of Syrians in extreme poverty, those living on less than $1.90 per day, has more than doubled to 69 per cent since 2011, according to a UN-backed study. As many as 56 per cent of the country’s businesses surveyed by the World Bank have either closed or relocated outside of Syria since 2009. Unemployment, under 10 per cent in 2010, rocketed to over 50 per cent by 2015, the most recent data.

Gulf-based construction companies are unlikely to risk America’s wrath. With regime allies Russia and Iran showing little willingness to spend, and China wary of investing, it is unclear who will pay to rebuild Syria apart from the Syrians themselves.

Sanctions suit tycoons with the strongest regime links, says Steven Heydemann, Middle East Studies director at Smith College in the US. With greater resources and deeper official connections, “the Rami Makhlouf networks have access to a much deeper tool kit to get around sanctions,” he says. Mr Makhlouf, a cousin of Mr Assad and on both EU and US sanctions lists, has leveraged his connections to build an empire from telecoms to real estate.

At the same time Iranian and Russian companies, including Stroytransgaz, are accused of muscling in on Syria’s key natural resources, securing lucrative phosphate, oil and gas and electricity contracts. Asked what chances there were for business in Syria now, one entrepreneur replies: “The cake has been divided.”
economy  corruption  reconstruction  sanctions  Mar15  Warlords 
2 days ago by elizrael
Syria in Context Weekly Brief - ISSUE #3 - WEEK 21/2018
The government is likely to continue to be forced to live hand to mouth, funneling what little resource it can squeeze out of a largely collapsed or informalized economy into public sector wages, unless it proved able to revive some of its pre-war cash cows, such as the oil sector, which accounted for more than a quarter of Syria’s pre-war budget and almost 40% of its export revenues.

according to the Syrian Investment Agency, the two principal recipient governorates investment in 2015 were Tartous and Sweida attracting a combined 70% of investment despite accounting for not more than 7% of Syria’s pre-war population and 11% of its pre-war economic output. This transformation was aided by the Syrian regime, which offered incentives for business owners to relocate to newly created industrial zones along the coast.
economy  Mar15  corruption  PublicSector  budget  GDP 
2 days ago by elizrael
SYRIA IN CONTEXT - Weekly Briefing ISSUE #28 - WEEK 47/2018
Based on responses - as well as absenteeism - the Bank was able to estimate a range for exit rates of Syrian businesses over the conflict, with a upper boundary of over 56%. Meaning, over the course of the conflict, as many as half of all Syrian businesses may have collapsed or halted operations entirely. Almost all remaining active respondents (a mere 160) have had to cut working hours and seen declining sales. Almost two thirds have suffered from looting or theft and most decry shortages of supplies and key inputs such as electricity or fuel. Almost all firms have raised their prices by on average 446% over the course of the war.
Mar15  economy  business  trade 
2 days ago by elizrael
amazon is a marketplace for informations
Essay on Amazon as a supplier of info, not just logistics.
books, film, video, etc.
Problems with mis/disinfo, for instance woo-woo science and medicine books in the best sellers list, in their top videos, etc.
amazon  news  misinfo  economy  society 
2 days ago by tswaterman

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