IMF chief calls Ukraine war a ‘tremendous setback’ to global recovery
[ad_1] The head of the International Monetary Fund said Russia’s invasion of Ukraine had caused a “huge setback” to the economy recovering from the coronavirus pandemic, with growth expected to slow in most countries and inflation to rise. speaking at the meeting Washington Carnegie Foundation On Thursday, ahead of next week’s spring meetings of the […]
Tax Alpha – The Big Picture
[ad_1] A year ago today, I published a long article postal The advantage of direct indexing through Tax Loss Harvest (TLH). It became one of the most read works I wrote last year; RWM Advisors have found it to be a useful explanation for those who manage capital gains on low-cost stocks (ESOPs, founder shares, […]
ECB sticks to plan to gradually tighten monetary policy
[ad_1] The European Central Bank on Thursday stuck to its timetable for tapering bond purchases in the third quarter despite record inflation in the euro zone, but did not determine when it would raise interest rates. Policymakers at the Central Bank’s Governing Council meeting in Frankfurt this week faced a dilemma over how to sharply […]
Uniqlo owner warns profits in China will plummet due to Covid-19 restrictions
[ad_1] Fast Retailing, Asia’s largest clothing retailer and owner of the Uniqlo fashion brand, said it expects profits in China to plummet this year as the country warns about the impact of Covid-19 restrictions. “In terms of profits and employee livelihoods, our zero-epidemic policy toward China is very unfavorable,” Masao Yanai, chief executive of the […]
ECB rates cautious Euro hits two-year low
[ad_1] The euro fell sharply on Thursday after the European Central Bank’s latest policy stance did not match market expectations for the pace of stimulus withdrawal. The ECB chooses to take keep interest rates unchanged as expected. But in a subsequent press conference, President Christine Lagarde noted that “downside risks to the growth outlook have […]
Link April 14, 2022 | Naked Capitalism
[ad_1] 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, unlinked pom pom-waves […]
Scott Ritter’s Twitter re-ban, Kafka-esque copycat support, are all about anti-Russian propaganda
[ad_1] Unfortunately, Scott Ritter is articulate, with good reason, and doggedly insists that we offend the officialdom. This landed him on Twitter’s permanent spam list.we will review His current must-read articles on consortium news Painfully detailed why his second ban this month was based on apparently fabricated allegations. To make matters worse, Twitter allowed people […]
Thursday 10am reading – big picture
[ad_1] my morning train WFH wrote: • Bill Browder warns Westerners not to take money from Russian oligarchs.they should have heard. 100+ Hedge Funds and Private Equity Funds Forced to Freeze Sanctioned Funds – But What’s Next? (corporate investor) • Stock Market History as a Rorschach Test. From 2009 to 2021, the S&P 500 rose […]
Financial Times Screeches at China’s “Propaganda” for Sticking to Zero Covid Policy
[ad_1] It’s sobering to see multiple examples every day in the press that those in the West who fancy themselves as in charge have lost their minds, drunk on arrogance and provincialism. Today’s example is a new story in the Financial Times that berates China (although as you will see “berates” is too mild a […]
Data competition won’t protect your privacy
[ad_1] Ive here. I must admit to being late to this particular policy debate and thus stunned by the use of Orwellian language. “Data race”? “Data democratization”? As you can see from this article, at least some people have realized that big tech companies collect a lot of information about our activities, and to make […]
South Korea, Singapore tighten monetary policy on inflation fears
[ad_1] South Korea and Singapore have become the latest Asian economies to tighten monetary policy in response to inflation risks stemming from the war in Ukraine. The Bank of Korea on Thursday raised its benchmark interest rate to 1.5 percent for the fourth time since August, the highest level in nearly three years.central bank decision […]
End £15bn welfare scandal as cost of living soars
[ad_1] A series of deeply worrying statistics emerged this week, highlighting the cost of living disaster facing many British households. soar inflation data A 54% rise in energy price caps in April has not yet been reflected.This month’s 3.1% benefit increase bridged less than half of the growing gap, while wages fall back Actually. In […]