Seraph Consulting says there will $450 billion in lost global sales from the start of the chip crisis through the end of 2022 and they expect the chip crisis to last into 2023.
Military leaders saw pandemic as unique opportunity to test propaganda techniques on Canadians - China's Evergrande Crisis Is Just The Tip Of The Iceberg - China Evergrande Group -Central Bank Balance Sheet Update October 2021 - Avoiding a climate lo
International Man: Every year, the international ruling class--the most influential world leaders, CEOs of big corporations, top academics, and even celebrities--come together at Davos.
Similar to container rates, dry bulk shipping rates are poised to move higher on limited vessel capacity and robust demand, according to Genco Shipping President and CEO John Wobensmith, who spoke with Bloomberg.
Regular readers will know I am a cynic. Try writing a Daily for over two decades and not be – and events over the last 24 hours underline that fact. Indeed, you could call it a "Salo News Day" in reference to the controversial Italian film "S
Wholesale prices for gas and electricity are surging across Europe, raising the prospect of increases in already-high utility bills and further pain for people who have taken a financial hit from the coronavirus pandemic.
• https://www.bloombergquint.com by Agnieszka de Sou
Whether for bread, rice or tortillas, governments across the world know that rising food costs can come with a political price. The dilemma is whether they can do enough to prevent having to pay it.
Update (2210): On the heels of data showing land sales collapsing, tonight's smorgasbord of data (absent only GDP) on consumption, industrial output and investment will reveal the extent of the damage caused by an outbreak of the delta variant.
European natural gas and electricity prices are unlikely to ease in the coming months ahead of what could be a costly winter season for stressed-out consumers.
Today's much-anticipated ECB meeting has all eyes & ears ready with both hands and feet to 'sell, sell, sell' or 'buy, buy, buy' on the 'news' that Lagarde and her lackeys will shift to a more hawkish (well, less infinitely dovish) stance.
Spot prices for nitrogen fertilizer on the US Gulf Coast skyrocketed to a near-decade high on a report the world's largest nitrogen manufacturing plant declared force majeure.
In a decision that could risk becoming UK PM Boris Johnson's "read my lips" moment - a reference to President George HW Bush's broken campaign promise not to raise taxes...
The last half-decade was full of Chinese firms acquiring overseas businesses, but the flow appears to be reversing as buyers turn into sellers amid lofty valuations and the need to divert monies into more profitable areas.
China's war on celebrities and capitalism: Scandal-hit stars are deemed 'social tumours', with billionaire actress 'wiped from the internet' as state media praises 'return to Communist Party's original mission'
• https://www.theburningplatform.com, Austrian Peter
Over the years, BOOM has often referred to the higher level of sophistication in macro money management in China compared to western "advanced" economies.
Despite negative interest rates and money printing by the European Central Bank, which conveniently allowed all Eurozone member governments to fund themselves, having gone nowhere Eurozone nominal GDP is even lower than it was before the Lehman crisi