Country risk used to be a somewhat minor risk management issue in banking. Today, it has become a major issue in business' supply-chain management due to China (eg, zero-Covid policy) and Russia (eg, sanctions and nationalizations following invasion of Ukraine). Hence, this recent Bloomberg comment: "Hard evidence is now emerging that all the discussions of strained...
Financial Times title: Pasta producers in hot water over soaring prices FT subtitle: Brands including Barilla and Panzani in tussle with EU governments as mark-ups continue despite lower wheat prices By: Madeleine Speed, Silvia Sciorilli Borrelli, Laura Onita and Eri Sugiura Date: 21 June 2023 "European pasta producers are facing growing pressure...
The Washington Post Opinion title: Biden’s industrial policy is missing a key ingredient: Allies By: the Editorial Board Date: 19 June 2023 "The era of unfettered free trade is over. There’s bipartisan sentiment in Washington to build what national security adviser Jake Sullivan has called a “new consensus” around “a modern industrial and innovation strategy.”...
The Economist title: The rich world’s housing crunch is far from over The Economist subtitle: Markets can be split into three camps: early adjusters, bullet-dodgers and slow movers Date: 2 April 2023 "At times during the long boom that followed the global financial crisis of 2007-09, it seemed as if house prices would never stop rising. Sales surged as a cocktail of...
Bloomberg title: Global meltdown (via email)By: Alice Kantor Date: 2 August 2022 "Housing slowdown? Try a possible global meltdown. As economies flash recession signals, cracks are forming in housing markets that surged in the first years of the pandemic. In New Zealand, which has been the world’s frothiest real estate market, prices are plunging and homes...
Several articles express that the Western sanctions, following the Russian invasion of Ukraine, mark the end of globalization (eg, Axios). I tend to agree with that. Hence, my blog's title: what's next after globalization? See Wikipedia for illustration. To a large extent, these changes are like swing of a pendulum. This results in swings between (amongst others):...
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