Monetary Policy and Price Stability
Jerome H. Powell Chair, Board of Governors of the Federal Reserve System. To read the whole document, the controls for turning pages and zooming in or out are at the bottom left corner above.
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The President and the Ambassador
Ricardo Pascoe Pierce National scenarios are highly unstable because political narratives change rapidly. One example is Ambassador Salazar’s change of narrative with President Lopez Obrador. He abruptly changed the diplomatic game between the two countries by commenting on the need to prioritize the fight against …
AMLO’s False Heroic Bravery with the US, Canada, and yes, with Mexicans.
Apropos to the claims of the governments of the United States and Canada for violations of the USMCA, Mexico’s President uses the opportunity to put together a charade that allows him to sell himself, once again, as the hero saving the homeland from a gang …
Confusing Opinion Polls in Confusing Times.
Ricardo Pascoe Pierce In times of a deeply divided society and also trapped in its ancestral beliefs between worship/fear of authority, surveys, and their usefulness are a difficult phenomenon to discern. They may suggest certain consistent opinions and behaviors and then report nonsense that bears …
The Nuclear Option
Luis Rubio The key to having an atomic bomb is to never use it: it is the threat of its use that deters those possessing such power. The same occurs with the negotiations between governments in ambits such as investment and commerce. Although the risk …
U.S. Inflation rate slips from a 40-year peak
US Inflation Rate Below Forecasts at 8.5% The annual inflation rate in the US slowed more than expected to 8.5% in July of 2022 from an over 40-year high of 9.1% hit in June, and below market forecasts of 8.7%. Energy CPI rose by 32.9%, …
The $100 Trillion World Economy in One Chart
Visual Capitalist Visualizing the $100 Trillion Global Economy in One Chart Surpassing the $100 trillion mark is a new milestone for global economic output. We’ve covered this topic in the past when the world’s GDP was $88 trillion (2020) and then $94 Trillion (2021), and now according to the …
The Inexhaustible Human Stupidity
Antonio Navalón “There are two infinite things; the Universe and human stupidity, and about the Universe, I am not sure” – Albert Einstein. When I want to get conspiratorial, I think that the best way out of the moral, economic, military, and social crisis in …
A New Fight
Luis Rubio Those who play with fire go the saying, get burnt. That is how the Mexican government is presently operating regarding the issue of the trade dispute with the U.S. and Canada. Of course, the government seeks to defend its vision of the electricity …
Luis Maizel’s Monthly letter: Are we in a recession or not?
I begin today’s letter with the economy section as this topic seems to dominate the headlines in the newspapers. In a technical definition, with two consecutive quarters of decline in U.S. GDP, the country is in a recession, but I’m afraid I have to disagree …