There is no stopping the Biden administration. The economy is recovering well. And yet, the US president is determined to push ahead with the biggest fiscal reflation in decades. A…
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UK online job advertisements posted on Adzuna have now risen to 18% above February 2020 levels, a four-percentage point rise in the week ending May 21st. The rebound in vacancies…
Pandemics tend to accelerate the pace of automation. This time is no different. If anything, the pace of automation could be even swifter, given the severity of Covid-19. Global orders…
The Treasury market remains vulnerable to further upside surprises in inflation going into the summer. The ‘transitory’ nature of these price moves will be hotly debated. The Shanghai containerised freight…
The Biden administration has come under fire for distorting the labour market and pushing the natural rate of unemployment higher. Republicans have been vocal in their critique of disincentive effects…
According to President Biden, the big miss for Friday’s payrolls reinforces the need for massive fiscal stimulus. There is, of course, another interpretation: with such generous government support, Americans are…
