Englund

  Handeln på Wall Street vände efter en småsur öppning,  och avslutade klart uppåt.  https://www.di.se/live/rantehopp-trumfade-jobbsmall-wall-street-steg/ Antalet sysselsatta i den privata sektorn i USA minskade med 32.000 i november.  Analytiker hade i genomsnitt räknat med 10.000 fler sysselsatta. https://www.di.se/live/ny-jobbsmall-i-usa/ Stockholmsbörsen stängde svagt nedåt, för fjärde handelsdagen i rad.  Decembermånaden, som historiskt varit en stark börsmånad,  har därmed fått en småsur start. https://www.di.se/live/stockholmsborsen-fortsatter-sura-volvo-backade/ Bitcoin just rallied by 10% — to return to where it was two days earlier. https://www.bloomberg.com/news/articles/2025-12-03/bitcoin-price-btc-hits-two-week-high-as-crypto-sentiment-remains-fragile What we learned from Ursula von der Leyen's options paper to support Ukraine https://www.euronews.com/my-europe/2025/12/03/von-der-leyen-pushes-ahead-with-reparations-loan-for-ukraine-as-belgium-m...

  Under pressure from the Trump administration,  Mexico turned over 55 cartel leaders   https://www.wsj.com/world/americas/drug-cartels-mexico-prisoners-4fff0cc9

Argentine officials are starting to prepare the country’s return to international bond markets. Argentina has been locked out of the market since it defaulted for the third time this century during the pandemic. The last time Argentina made a comeback to global credit markets, it did so with a bang. A dozen other offerings would follow, including a 100-year bond, before it would default again — for the ninth time since its independence in 1816 . Bloomberg 3 December 2025 https://www.bloomberg.com/news/articles/2025-12-03/serial-defaulter-argentina-preps-return-to-foreign-bond-market

Financial Times 3 December 2025 Ursula von der Leyen using emergency powers under Article 122 of the Treaties; EU's 'emergency' trick to getting things done. mars 05, 2025 https://englundmacro.blogspot.com/2025/03/ursula-von-der-leyen-using-emergency.html Article 122 can only be used for temporary measures designed to respond to a temporary situation. If the conditions for its activation are met, member states can then make a decision by a qualified majority, avoiding the unanimity that is required at times.  https://www.lemonde.fr/en/international/article/2023/02/03/article-122-the-eu-s-emergency-trick-to-getting-things-done_6014275_4.html Belgium dismissed the European Union’s new legal proposal to tap frozen Russian assets to back a loan for Ukraine. https://www.bloomberg.com/news/articles/2025-12-03/belgium-rejects-eu-proposal-to-tap-russian-funds-for-ukraine-aid ECB Refuses to Back Reparation Loan as EU Fails to Secure Guarantees https://www.kyivpost.com/post/65445 ECB...

Bara chipjätten Nvidia har nu ett börsvärde på ofattbara 4,5 biljoner dollar, eller 4.500 miljarder dollar, motsvarande 40.600 miljarder svenska kronor.  Antalet nollor är så många att man lätt blir snurrig.  Atlas Copco har till exempel ett börsvärde på 750 miljarder kronor, inte ens 2 procent av Nvidias värde.  P/e-talet ligger i genomsnitt på 30 på nästa års genomsnittsprognos för teknikjättarna exklusive Tesla.  De amerikanska teknikbolagens fantastiska kursutveckling de senaste åren har gynnat många svenskar som sparat i dem direkt, via fonder eller för pensionen.   För en passivt förvaltad USA-fond står nu de tio största bolagen för 40 procent av värdet Magnus Dagel DI 3 december 2025 https://www.di.se/analys/usa-s-techjattar-ater-upp-varlden/   Rekord för svenska hushållens förmögenhet Nettoförmögenheten ökade till 25.342 miljarder Tillgångarna ökade med 757 miljarder Rekordet beror på att tillgångarna växt snabbare än skulderna, enligt SEB. Frä...

We live in a golden age of magical thinking I’m not just talking about the trillions of dollars being burned on artificial intelligence.  When it comes to our rapidly heating planet and its effects on our future, too many of us have adopted a strategy of simply ignoring reality to make it go away. Consider the news that listings on the real estate site Zillow will no longer include climate-risk ratings from the private data firm First Street.  The ratings scored each home on its likelihood of being affected by wildfires, floods, high winds, extreme heat and air pollution.  “Displaying the probability of a specific home flooding this year or within the next five years can have a significant impact on the perceived desirability of that property,” Art Carter, chief executive officer of the California Regional Multiple Listing Service, a private database for real estate brokers and agents, told the Times. Well, yeah. And maybe it should?  As reported by the New York Time...