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Book Bits | 25 January 2020

● The New Class War: Saving Democracy from the Managerial Elite By Michael LindReview via The Washington Examiner The New Class War: Saving Democracy from the Managerial Elite [is] a short volume that examines the populist revolts in the U.S., Britain, and Western Europe. All of them, Lind says, ...

Week Ahead – Central banks back to the fore

Coronavirus developments closely monitored What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets. This week it was the spread of Coronavirus that’s making investor ...

Q4 GDP Forecasts: 1.2% to 2.2%

The preliminary estimate of Q4 GDP will be released on Thursday, January 30th. The consensus is that annualized real GDP increased 2.2% in Q4.From Merrill Lynch We expect GDP growth in 4Q to hold steady at 2.0% qoq saar. [Jan 24 estimate]emphasis added From the NY Fed Nowcasting ReportThe New York F ...

Closest Ever: Bulletin of Atomic Scientists Adjusts Doomsday Clock 100 Seconds From Midnight - Nathan Mcdonald (24/01/2020)

January 24,2020 Unfortunately, the news of late has been one bad thing after another, with geopolitical situations around the globe continuing to either deteriorate or simply flounder in their current degraded state, with little to no improvement in sight. The situation with North Korea, which sa ...

US Open – Coronavirus ruins Lunar New Year, Intel adds fuel to tech rally, EZ PMIs stabilize, BOE cut odds ease, Tech Earnings good so far, Oil and Gold slide

The coronavirus outbreak is intensifying, and Beijing is scrambling.  Outrage is growing as local officials failed to address the contagion risks earlier.  Millions of Chinese are unable to travel to see their families to celebrate the Lunar New Year, which is the equivalent of the Thanksgiving ...

Asia Midday: Coronavirus Steals The Headlines

Coronavirus continues to steal the world’s headlines, with Chinese authorities quarantining additional cities around Wuhan. Chinese New Year public festivities were cancelled across the mainland and Hong Kong, with even Jackie Chan’s latest movie release, postponed. Mainland stock markets had ...

China: Buying Time Is Not Cheap

While China should again contribute around 1 percentage point to global growth in 2020, we found on our latest research trip to Beijing that secular risks remain biased to the downside. In prioritizing stability over all other objectives, China is borrowing from future growth while reducing policy ...

Bitcoin Slumps in Wake of Chinese New Year Slowdown Warning

Bitcoin traders appear to be heeding a warning of a demand slowdown ahead of China’s lunar New Year. The largest cryptocurrency slumped as much as 4% to $8,281, while altcoins such as Ethereum Classic tumbled more than 11% to $8.18 in New York trading. Arthur Hayes, co-founder and chief executiv ...

The Korelin Economics Report with OANDA discussing a call for caution with US equities

Ed Moya, Senior Market Analyst at OANDA joins Cory Fleck to recap the strong start tech stocks are having in this second week of earnings season. Moya highlights it’s another bullish point for the markets however there are a number of bearish events that are hanging around where the market has ...

Nimble Singapore bunker market swiftly adjusts to IMO 2020

The Singapore bunker market recorded its highest monthly sales volume for the year in December 2019, and uptake of low sulfur bunker fuel finally brought some optimism back into the market as it falls in line with IMO 2020. The International Maritime Organization’s global sulfur cap, which kicked ...