|
This Day in Econ History
|
|
|
|
|
The major central banks have placed down their markers and have moved to stage left. There are the late-month high frequency data, which pose some headline risks in the week ahead. The focus for most investors will be on several political developments.
Head of Global Currency Strategy at Brown Brothers Harriman. |
|
|
|
|
EM initially benefitted from the FOMC decision, but softened into the weekend. One culprit was lower oil prices, as reports suggest an output deal is unlikely at the OPEC meeting this week in Algeria. However, it wasn’t just EM, as the greenback closed firmer against the majors as well. We still believe that risk and EM should do fine over the next few weeks, as the Fed set a two-month window of steady
rates.
Read More
|
|
The US dollar is narrowly mixed. The euro, yen and Swiss franc are higher, while the dollar-bloc and sterling are softer. The moving element here is not so much the greenback, which serving more as a fulcrum, but idiosyncratic, country-level developments.
Read More
|
|
World energy demand is forecasted to grow by nearly one-third between 2015 and 2040. A large share of this increase will be from the power sector, and the global demand for electricity is likely to increase by more than70%, leading to a 16% increase in energy-related carbon dioxide (CO2) emissions by 2040. Despite the diplomatic success of the Conference of the Parties (COP) 21, it is clear that the current pledges by various
countries in the form of Nationally Determined Contributions fall way short of the “well below 2-degrees Celsius” goal agreed to by world leaders in Paris. Read More
|
|
| Destroying
rainforest for economic gain is like burning a Renaissance painting to cook a meal. -E. O. Wilson | |
|
|
|
