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Macro Briefing: 21 July 2021

Summary:
* World in ‘early stages’ of another Covid-19 wave, says WHO chief* US life expectancy fell 1.5 years in 2020, biggest drop since WWII* US economy facing stronger headwinds, including “whiff of stagflation”* US set to drop opposition to Germany-Russia Nord Stream 2 pipeline* Monthslong slide in bond yields challenges focus on inflation worries* Senate leader struggles to keep infrastructure spending bill alive* Covid slowing recovery for many Southeast Asian economies, says analyst* US housing starts rose more than expected in June but permits fell again:

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* World in ‘early stages’ of another Covid-19 wave, says WHO chief
* US life expectancy fell 1.5 years in 2020, biggest drop since WWII
* US economy facing stronger headwinds, including “whiff of stagflation”
* US set to drop opposition to Germany-Russia Nord Stream 2 pipeline
* Monthslong slide in bond yields challenges focus on inflation worries
* Senate leader struggles to keep infrastructure spending bill alive
* Covid slowing recovery for many Southeast Asian economies, says analyst
* US housing starts rose more than expected in June but permits fell again:

Macro Briefing: 21 July 2021

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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