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Tag Archives: Russia

For The Dollar, Not How Much But How Long Therefore How Familiar

Brazil’s stock market was rocked yesterday by politics. The country’s “populist” President, Jair Bolsonaro, said he was going to name an army general who had served with Bolsomito (a nickname given to him by supporters) during that country’s prior military dictatorship as CEO of state-owned oil giant Petróleo Brasileiro SA. Gen. Joaquim Silva e Luna is being installed, allegedly, to facilitate more direct control of the company by the federal government.With the economy still gripped by the...

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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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Intellectual Property Cause of Covid Death, Genocide

Yves here. This post presents a sorry picture of rich Western countries using intellectual property provisions in national law and treaties to hoard Covid vaccines, with citizens of developing countries the big losers. However, Asia Times argues that Russia and China are planning diplomatic end runs by distributing their vaccines to the have-nots. The Russian Sputnik V vaccine looks like a winner, with high efficacy and much easier to transport and store than the Pfizer or Moderna offerings....

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Will the Senate Confirm Coup Plotter Victoria Nuland?

Yves here. Biden’s nominees have skewed towards the awful, particularly on the foreign policy front. But his plan to install Victoria “Fuck the EU” Nuland at State is a standout. For those of you new to this site and not familiar with Nuland’s sorry history, this post gives an overview of her role in fomenting the coup in Ukraine and in putting relations with Russia on a Cold War footing. The authors encourage readers to call their Senators and urge them to vote against her nomination. And...

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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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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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2/1/21: Covid19 update: BRIICS

 In previous posts, I covered Covid-19 updates for the last week of 2020 for:Worldwide trends: https://trueeconomics.blogspot.com/2021/01/2121-covid19-update-worldwide-numbers.html;Europe and the EU27: https://trueeconomics.blogspot.com/2021/01/2121-covid19-update-europe.html; andCountries with more than 250,000 cases: https://trueeconomics.blogspot.com/2021/01/2121-covid19-update-countries-with-250k.html.Cumulative data for BRIICS (Brazil, Russia, India, Indonesia, China and South Africa)...

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2/1/21: Covid19 update: Countries with > 250K cases

In previous posts, I covered worldwide trends for Covid19 pandemic evolution (https://trueeconomics.blogspot.com/2021/01/2121-covid19-update-worldwide-numbers.html) and pandemic developments in Europe and the EU27 (https://trueeconomics.blogspot.com/2021/01/2121-covid19-update-europe.html). Here, let's take a look at the set of countries with more than 250,000 confirmed cases.As of week 52 of 2020, there were 40 countries in this group, accounting for 90 percent of the world total number of...

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