Röd öppning Red Opening 2 November 2023


Methods of estimating so-called R-star are in the spotlight — unfortunately, none are good

On August 25, Federal Reserve chair Jay Powell summarised the mood when he said “we are navigating by the stars under cloudy skies”.

The object everyone is searching for is the neutral rate of interest, or R-star for short.  It is the (real) rate that neither buoys nor depresses the economy once temporary shocks have faded away. 

Central bankers believe that they can neither influence it nor observe it.

Soumaya Keynes FT 2 November 2023

Soumaya Keynes became economics columnist for the Financial Times after eight years at The Economist where she covered economics, trade and globalisation. Soumaya won an award for comment from the Society for American Business Editors and Writers. She also co-hosted The Economist's Money Talks podcast and co-founded the Trade Talks podcast.

Hon ser ut att vara en 27-åring.  Jag kollade. Hon är 34. Nästan 27.

Foxconn may be the single most important manufacturer in the world. 

The company builds roughly two out of every three iPhones,

Now It Wants to Make Your Electric Car

Ukraine’s top commander has acknowledged that his forces are locked in a “stalemate” with Russia along a front line that has barely shifted despite months of fierce fighting, and that no significant breakthrough was imminent

New York Times  2 November 2023

Ukraine’s Top Commander Says War With Russia Has Hit a ‘Stalemate’ - The New York Times (nytimes.com)

Groundwater “mining.”

Regulations in some states, including Oklahoma, are guided by a principle of letting users extract groundwater at rates that exceed an aquifer’s ability to recharge. Some hydrologists call it groundwater “mining.”

“Farming would not exist as we know it in California without the use of groundwater,” 

New York Times  2 November 2023

Englund: America Is Using Up Its Groundwater Like There’s No Tomorrow (englundmacro.blogspot.com)

Är Bryssel en elefantkyrkogård eller maktcentrum?”

Jonas Sjöstedt, Isabella Lövin och Anna Maria Corazza Bildt.

Vietnam, Poland, Mexico, Morocco and Indonesia 

are benefiting from the reshuffling of supply chains in response to US-China tensions.

Storm Ciarán Batters Homes and Power Systems Across Europe

Power was cut off to about 1.2 million people in France


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