More evidence that fiscal/govt policy needs to supplant monetary policy in fighting inflation. ‘Greedflation’: profit-boosting mark-ups attract an inevitable backlash – https://on.ft.com/3nEWL5u via @FT
A stark warning from Fitch. Though there is no risk of something replacing the dollar as the world’s reserve currency, that is a necessary but not sufficient condition to avoid fallout from the US debt ceiling debate. https://www.cnn.com/2023/03/06/economy/us-credit-rating-fitch/index.html
https://theconversation-com.cdn.ampproject.org/c/s/theconversation.com/amp/credit-ratings-are-punishing-poorer-countries-for-investing-more-in-health-care-during-the-pandemic-165298
https://www.theguardian.com/money/2020/dec/21/luxury-london-homes-still-used-to-launder-illicit-funds-says-report?CMP=Share_AndroidApp_Other
As I’ve previously posted, there is extremely low risk from flying. Opening up flying saves the airlines and tourist dependent regions.Allowing those with covid negative tests to fly is about the safest way to reopen economies. The US and EU should create uniform test criteria that would be accepted in all states and EU member …
Weighing Sweden’s Coronavirus Model The global economy needs a leader as lockdowns are lifted and countries fear a second wave if lockdowns are relaxed to quickly. The Swedish model can be that model and happy to see WHO endorsing it as a legitimate approach. The worst case scenarios never materialized in terms of Covid disease …
COVID-19: Tackling a dual economic and health crisis https://www.linkedin.com/pulse/covid-19-tackling-dual-economic-health-crisis-rod-dubitsky
This article raises 3 key issues related to private equity – 1) when there is a failed IPO do the PEs mark down the private valuation on the assumption that failed IPO implies that private value is too high?, 2) what is the process to ensure private sales and/or swaps are properly valued and arm’s …
Workers exploited at farms supplying UK supermarkets: report https://www.theguardian.com/business/2019/oct/10/workers-exploited-at-farms-supplying-uk-supermarkets-report?CMP=Share_AndroidApp_WordPress
84% of care home beds in England owned by private firms https://www.theguardian.com/society/2019/sep/19/84-of-care-home-beds-in-england-owned-by-private-firms?CMP=Share_AndroidApp_WordPress