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Tag Archives: India

14/2/21: COVID19 Update: BRIICS

 In previous posts, I covered the latest data for weekly Covid19 pandemic dynamics for:Global data and trends: https://trueeconomics.blogspot.com/2021/02/14221-covid19-update-worldwide-data.html;European & EU27 data and trends: https://trueeconomics.blogspot.com/2021/02/14221-covid19-update-europe-and-eu27.html; andData and trends for the most impacted countries and regions: https://trueeconomics.blogspot.com/2021/02/14221-covid19-update-most-impacted.html.Now, let's take a closer look...

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14/2/21: COVID19 Update: Most impacted countries

Previous posts on the COVID19 update covered global numbers and trends (https://trueeconomics.blogspot.com/2021/02/14221-covid19-update-worldwide-data.html) and European & EU27 trends (https://trueeconomics.blogspot.com/2021/02/14221-covid19-update-europe-and-eu27.html).Here are some comparatives across all countries with the highest rates of detected infections (> 5% of population):Note: I highlighted countries with > 10 million population.Another way of looking at this is to take...

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Position Squaring Weighs on the Dollar Ahead of the Jobs Report

Overview:  While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data.  Gold has stabilized after yesterday's shellacking.  Estimates for US nonfarm payrolls appear to have been creeping higher, encouraged by the ADP, PMI, and weekly initial jobless claims.  A robust report today could bolster the dollar, as the short-term trading community still seems short. After the S&P 500 and NASDAQ made new record highs yesterday, Asia Pacific...

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No Talk In The Dollar Shadows

The company isn’t bankrupt, it just doesn’t have the right currency in its reach to repay debts coming due. YPF is Argentina’s (former) gold mine, in this case the black gold of energy exploitation. State-owned, the business has obviously close ties to the ruling powers-that-be and a privileged place to go along with them. Its formal name, Yacimientos Petrolíferos Fiscales, literally translates as “fiscal oilfields.”But no matter the primo spot in the Argentinian hierarchy, no government...

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Let Them Eat Cake: COVID and Food Donations

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. COVID-19 has made hunger a reality for many in countries such as the U.S. and U.K., where food insecurity had been limited to the very poor. Food banks are stretched, as they now must serve many more hungry  people. Widening hunger has spurred food donations, private, corporate, and public. Yet many of these  – whether wittingly or not – are made in...

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Being Specific About Dollar Specifics

Last week, IHS Markit reported that sentiment in Mexico’s factory sector had slipped again during December 2020. The organization’s manufacturing PMI had declined for the second straight month, having peaked recently back in October. Even then, the index hadn’t yet come close to crossing the magic 50 dividing line. The best it had managed during this global rebound was a mere 43.6.This sentiment data correlates closely enough to the Mexican government’s statistics. According to that...

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6/1/21: BRIC: Composite Economic Indicators: 4Q 2020

Manufacturing PMIs for BRIC economies for 4Q 2020 are discussed here: https://trueeconomics.blogspot.com/2021/01/4121-bric-manufacturing-pmis-4q-2020.html.Services PMIs are covered here: https://trueeconomics.blogspot.com/2021/01/6121-bric-services-pmis-4q-2020.html.Now, Composite PMIs:Brazil Composite PMI rose from 51.6 in 3Q 2020 to 54.4 in 4Q 2020, marking second consecutive quarter of > 50.0 readings. Average 4 quarters PMI stands at 46.2, suggesting that Brazil's economy has not,...

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6/1/21: BRIC: Services PMIs: 4Q 2020

BRIC's manufacturing PMIs for 4Q 2020 were covered here: https://trueeconomics.blogspot.com/2021/01/4121-bric-manufacturing-pmis-4q-2020.html. Now, to Services PMIs:Brazil Services PMI rose from 47.5 in 3Q 2020 to 51.4 in 4Q 2020, with aggregate 2020 levels of activity still significantly below 2019 levels. At 51.4, the index is barely statistically above 50.0 (95% confidence bound is 51.3). However, the latest quarterly reading is the first nominally above 50.0 after three consecutive...

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Disruption of Seaborne Trade in South East Asia: A Quantitative Analysis

By Kerem Cosar, Professor of Economics, University of Virginia and Benjamin Thomas, Consultant, Washington DC. Originally published at VoxEU. Open oceans are vital for the transport of a large share of world trade. But they are also frequently at the centre of geopolitical tensions between nation states. This column estimates the economic costs of impeded shipping access in South East Asia. The results of the study suggest that restrictions to shipping due to military sanctions could have...

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4/1/21: BRIC: Manufacturing PMIs 4Q 2020

Latest data for BRIC Manufacturing PMIs indicates three countries outperforming global rate of recovery in manufacturing sector, against one country (Russia) remaining in contraction territory and well below global growth mark.On a quarterly basis,Brazil's Manufacturing PMI stood at 64.1 in 4Q 2020, up on 62.6 in 3Q 2020, marking the second highest and the highest reading on record. The contraction in 2Q 2020 (with PMI at 42.0) was sharp, but not as sharp as in 1Q 2009. By these...

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