* This article was originally published here
Wednesday, September 30, 2020
September 2020 and Third Quarter in Figures
Third-quarter declines in the dollar were for the most part trimmed during the past month. Likewise, the dollar fell in the quarter but generally rose in September. There weren’t any central bank interest rate changes in the quarter in the countries examined here. Ten-year sovereign debt yields fell in September, while net changes between end-2Q […]
* This article was originally published here
* This article was originally published here
Tuesday, September 29, 2020
Monday, September 28, 2020
Sunday, September 27, 2020
Saturday, September 26, 2020
Friday, September 25, 2020
Next Week’s Menu: September 26 – October 2
The coming week that bridges the third and final quarters of 2020 will be very crowded with special events, data releases, and holidays. Central Banks: Monetary policy reviews are scheduled in India and The Philippines. The Bank of Japan’s quarterly corporate Tankan survey will be published, and so will a summary of this month’s BOJ […]
* This article was originally published here
* This article was originally published here
Thursday, September 24, 2020
2020 Recession Shared Widely
Two characteristics of the 2020 recession set it apart from all others in the last hundred years. It did not result from some kind of economic or financial market imbalance, and it constitutes the second extreme downturn in a row. Business cycle upswing do not end from old age. The expansion that began in mid-2009 […]
* This article was originally published here
* This article was originally published here
Two Percentage Point Interest Rate Hike in Turkey
Officials at the Central Bank of Turkey made the biggest splash, hiking the one-week repo rate by two full percentage points to 10.25%, which reverses over half of the 375 basis points of reduction engineered earlier this year between January and May. This directional reversal was ostensibly done in light of this quarter’s “markedly” recovering […]
* This article was originally published here
* This article was originally published here
Wednesday, September 23, 2020
Tuesday, September 22, 2020
Rising Covid Cases, Growth Outlook Concerns, Supreme Court Nomination Fight, and U.S.-China Tensions
The pace of new Covid-19 cases has risen in many countries. A U.S. increase above 40k in the past 24 hours is well above a safe level heading into the flu season. Fed Chairman Powell said America has a long way to go in its economic recovery from spring lockdowns and that a full comeback […]
* This article was originally published here
* This article was originally published here
Monday, September 21, 2020
U.S. Stock Market of Trump Compared to Earlier Presidencies
The favorable impression of the stock market performance during President Trump’s first term reflects in large part two factors: the very low unemployment level until just before the pandemic began and the appreciation of U.S. equity prices. The performance of the Dow Jones Industrials during Donald Trump’s stewardship, however, has not been nearly as stellar […]
* This article was originally published here
* This article was originally published here