Digital platforms are now more dominant than ever before. Facebook, Google, and Amazon increased their share of the digital-ad market from roughly 80% in 2019 to around 90% in 2020….
A central tenet of the $1.8tr American Families Plan is the low labour market participation rate in the US. The Biden Administration wants to boost the female participation rate, in…
The political opposition to Biden’s latest tax plans should not be underestimated. Even Democrats in more affluent seats are queasy at the tax hikes touted to fund increased health and…
The economy is on fire, cost pressures ostensibly rising, federal government borrowing is skyrocketing, and yet Treasuries are not interested. The 10-year yield is now 16 basis points below its…
The PBoC is working with the EU to implement a jointly recognised classification system for business environmental credentials by the end of 2021. The EU leads on ESG standards: regulatory…
Treasury yields fell sharply yesterday despite a spate of strong economic reports (initial claims, retail sales, manufacturing surveys). The reaction was a ‘goldilocks’ moment for equities, as real yields fell….
