(On vacation for the rest of the month. Going to Portugal. Commentary will resume on June 1. Good luck to us all.)The market is a fickle mistress. The major central banks were judged to be behind the inflation curve. Much teeth-gashing, finger-pointing. Federal Reserve Chair Powell was blamed for denying that a 75 bp hike was under consideration. Bank of Japan Governor Kuroda was blamed for keeping the 0.25% cap on the 10-year Japanese Government Bond yield. Even though European Central...
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With China firmly on a zero-Covid trajectory, concerns are turning to ‘growth recession’ risks
[unable to retrieve full-text content]Beijing’s handling of the coronavirus has vast implications on every facet of Chinese people’s lives, on the nation’s economy, and on a world that has come to rely so heavily on China.
Read More »Early Q2 GDP Nowcasts Point To Rebound For US Economy
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Read More »Macro Briefing: 17 May 2022
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Read More »China population: Jiangsu becomes first province to subsidise maternity leave for second, third child
[unable to retrieve full-text content]Companies in Jiangsu can now claim a reimbursement for maternity leave pay provided to employees who have a second and third child, a policy that could help counter discrimination against women.
Read More »Shanghai lockdown: city reaches milestone as it keeps community infections at zero for the third day, putting city en route to June’s reopening
[unable to retrieve full-text content]Societal zero-Covid is a watershed moment in Shanghai’s anti-pandemic work, after which the city will ease the draconian virus control measures that have upended daily lives and strained global supply chains.
Read More »China Southern Airlines scraps Boeing’s 737 MAX from its fleet deliveries through 2024
[unable to retrieve full-text content]The move, a sharp reversal in China Southern’s plan, is a reminder of the uncertainty in a key market for Boeing as it works to resume its delivery of more than 300 assembled 737 MAX planes.
Read More »More than 180 companies say they have been hit by China’s lockdowns to rein in Covid-19
[unable to retrieve full-text content]The list is still growing as more firms report financial results in the days and weeks ahead.
Read More »US-China decoupling: Beijing, Washington urged to work on ‘real’ plans for bilateral engagement
[unable to retrieve full-text content]The American Chamber of Commerce (AmCham) in China says the costs of decoupling would be significant and generate no clear winners.
Read More »R.I.P. Carol K.
We are extremely sad to report our beloved Carol K. passed in her sleep at home early Friday morning. She had been home only ten days after 345 consecutive days in the hospital, recovering from a stem cell transplant, among other comorbidities and complications. Anyone who followed her Twitter account knows she was a wonderful person. She was always cheerful and uplifting, even while suffering in great pain. She would even Tweet out uplifting affirmations just minutes before major and...
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