Most blockbusters have sequels. Apparently, that’s also true in economics. A new study by David Autor, David Dorn and Gordon Hanson offers another installment in their epic China Shock saga. You might call it China Shock: The Final Chapter. It may be the best one yet, with solid exposition and cutting-edge statistical effects. It kind...Read More
The economic news coming out of China is all pointing one way—downwards. On Sunday, the National Bureau of Statistics reported that the official purchasing managers’ index (PMI) for manufacturing dropped to 49.2 in October, the second straight month in which this key index for factory activity has fallen. A worker wearing a face mask drills...Read More
More than 5 million people have died from COVID-19 since the virus emerged two years ago, according to data released Monday from Johns Hopkins University. Even as total cases and deaths continue to rise, public health experts are already thinking about how to prepare for and respond to future pandemics. In a new book called...Read More
# trading range for the day is 74.86-75.38.# USDINR remained in range as the US economy grew at its slowest pace in more than a year# Finance ministry approves 8.5% return on PF deposits for FY21# India’s forex reserves fall to $640.10 bln as of Oct. 22 # trading range for the day is 87.34-87.86.#...Read More
A key decision in Australia on Tuesday could be a “potentially market-moving one” for the globe, as a new financial threat takes hold. It has been a rocky period for the global economy in recent months, but a new issue now has experts on high alert – and Australia could be the canary in the...Read More
A 23-year-old Little Rock man who robbed two Dollar General stores — twice — and a restaurant over the span of three weeks, barely speaking during all, has been sentenced to 10 years in prison. Sentencing papers filed Wednesday show Canaan Trever Aldridge, who is deaf, pleaded guilty to five counts of aggravated robbery and...Read More
The U.S. economy was weaker than expected in the third quarter, which is bad news for any American whose livelihood depends on strong economic growth and especially disappointing for the White House, which is struggling to reassure voters about the state of the economy amid rising prices and a historic supply crunch. Overall growth in...Read More
BEIJING, Oct. 30, 2021 /PRNewswire/ — In early October, the International Monetary Fund, in its World Economic Outlook, trimmed its 2021 global growth forecast to 5.9 percent and warned of high uncertainty in economic recovery. Against such a backdrop, the leaders of the world’s 20 largest economies gathered in Italy’s Rome on Saturday trying to...Read More
Giving clients high quality investment advice that delivers superior results. Helping clients make great decisions to make the most of their money. Plan your future with us.
