Link March 28, 2022 | Naked Capitalism
[ad_1] Dear patient reader, Lambert and I, along with many readers, agree that Ukraine has sparked the worst information environment ever. We hope readers will collaborate in the comments to reduce the fog of war – real fog and stage fog. None of us need more cheerleaders and linkless repeat memes; there are platforms. Low-value, […]
Shanghai’s two-phase lockdown makes China’s flirtation with ‘Er Rip’ irreversible
[ad_1] Just a few days ago, the Western media all but bragged about the idea that first a big Covid wave in Hong Kong, then a Covid peak in Shanghai, and initially only a limited building-level lockdown in Shanghai meant that China was in trouble. With the rest of the world, the “learning to live […]
Monday 10am reading – big picture
[ad_1] I go to work in the morning train WFH wrote: • no longer in russia: Since Russia invaded Ukraine, more than 400 companies have withdrawn from Russia at least temporarily. Some have been around since the fall of communism — a symbol of the enduring power of Western culture and commerce. (New York Times) […]
Conflict, Empires, and Political Trust
[ad_1] Lambert: The past is not dead…. By Pauline Grosjean, Professor, School of Economics, UNSW. Originally published at VoxEU. The consequences of the Russian invasion of Ukraine will outlast the conflict itself. Conflict has enduring consequences on economic, social, and political outcomes. The effects on individuals and families are similarly persistent, and remain over generations […]
Short-term U.S. government bonds face fresh sell-off
[ad_1] Prices of shorter-term U.S. government bonds fell on Monday, the latest sign that investors expect the Federal Reserve to aggressively tighten monetary policy to curb inflation. The two-year U.S. Treasury yield, which is inversely related to price, rose 0.11 percent to 2.4 percent in early European trade, having risen more than 1.6 percent since […]
Rationing looms as diesel crisis goes global
[ad_1] Ive here. We warned earlier that sanctions on Russia would turn diesel shortages into diesel shortages. More and more companies are beginning to realize this risk. By: Irina Slav, a writer for Oilprice.com with over a decade of writing experience in the oil and gas industry.Originally Posted in oil price Russian refineries cut diesel […]
JPMorgan Chase offers 1.5% savings account
[ad_1] JPMorgan’s digital bank, Chase, has launched a new UK savings account with 1.5% interest, offering customers better deals after the Bank of England hiked rates, outpacing high street rivals. UK savers under pressure as inflation hits 30-year high of 6.2% last monthrising further in April as regulated energy prices are set to rise and […]
UK government cuts NatWest stake below 50%
[ad_1] NatWest will buy back about 5% of its shares from the UK government for £1.2bn, reducing the Treasury’s voting power in the bank to below 50% for the first time since 2008. The over-the-counter purchase of nearly 550 million shares, equivalent to 4.9 percent of the outstanding shares, means the Treasury will hold a […]
Ukraine War Accelerates Stealth Erosion of Dollar Dominance
[ad_1] The author is a professor of economics and political science at the University of California, Berkeley The decision by the United States and its allies to freeze Russia’s foreign exchange reserves has sparked a heated debate about the future of the international monetary system. This debate is raging because the stakes are high, and […]
Egypt’s economy affected by Ukraine war
[ad_1] At a vegetable market in the Kay Romanian district, mother-of-two Fatma Ibrahim is alarmed by price increases since the start of the Russian-Ukrainian war and worries about how to support her family during the coming Ramadan subsistence. “I’m barely coping,” said the unemployed divorcee. “Cooking oil has increased a lot and even the simplest […]
China unlikely to back Russia in the face of its own troubles
[ad_1] While attention has been focused on how Russia’s economy is struggling, isolated and hit by Western sanctions, its most important ally, China, is also facing serious shocks. No other major country has shown deeper economic distress. After several months of construction, financial pressure came from Chinese real estate industry It has exploded to unprecedented […]
FirstFT: US denies it is seeking regime change in Moscow
[ad_1] Good morning.This article is our live version First FT communication.Sign up for our Asia, Europe/Africa or America Get it straight to your inbox every weekday morning This US denies In a speech in Warsaw on Saturday, Joe Biden appeared to call for the removal of the Russian president, saying that “for God’s sake, this […]