Global Economy

Chinese blockchain; Strange dreams; The value of good songs.

SaaSy business; Airline troubles; Print newspapers.

Xi’s panopticon; Neil Ferguson vindicated; SPACs as IPOS.

Buenos Aires’ frustration in restructuring its debt ahead of a full-scale default speaks to an inherent conflict between sovereigns and their creditors. In light of this, the country may be better off waiting for the current negotiations to tail off than giving in to creditors’ demands.

Sovereigns should pay more attention to the public sector balance sheet and the quality of their financial and asset management.

GPT-3; immigration attitudes; unnatural wealth

Mekong river; space murders; Twitter

Globalisation has peaked, but how much of a threat is that to the way in which sovereign states manage their wealth?

Fear overs inflation don’t add up when we look back through the annals of time.

Broad money growth is shooting up in advanced economies.

The data firm behind the indices admits the figures do not accurately record the level of change from one month to another.

Stress-tests, container ships, antique Chinese debt.

Buoyed by state support, consumers could provide more of a lift. But with global demand weak, production looks set for a slower return to form.

Might the formation of national wealth funds for the purpose of managing public assets help countries like Lebanon address debt imbalances?

People are interpreting the latest readings in all sorts of ways.

Panopticons, football and Trump cults.

The recent explosive expansion of the Fed’s balance sheet and its strategic favouring of dispersal of dollars to some central banks and not others indicates we have entered times of monetary war.

When private money flees, the official sector steps in. But the characteristics of this facet of foreign lending have changed vastly since 1790.

Lockdown hairdressing; Julian just called; Visions of tomorrow.

According to the latest readings, conditions became even worse in May.

Governments need to create dedicated restructuring agencies to get business through the Covid-19 crisis, argue turnaround experts Jay Alix and Richard Gitlin.

Spending data from Sweden and Denmark signals a surprisingly small gap in consumer spending

The Eurozone needs to soften its rules and accept high-yield debt as collateral – its mandate clearly allows it.

Despite the pandemic highlighting their flaws, we don’t think it’s time to scrap global value chains.

Policymakers need to understand that lockdown losses are likely to be permanent not temporary.

Official data will show prices falling drastically but might not be a fair reflection of what’s really going on.

As corporate insolvencies soar and firms try to hang on to their cash as long as possible, expect to hear a lot more about trade credit insurance.

Now is not the time to be starving a country of capital.

Is it just about the number of dead? Or is it something deeper: making sure we live in a society we don’t feel ashamed of?