UBFlipTest

@UBFlipTest | Keep up with UBFlipTest on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “UBFlipTest”

The problem with Twitter

The Greek philosopher Aristotle is said to be the last person who knew everything there was to know. Aristotle lived before 24-hour news and Twitter. …

Economic Data

Trump takes on the Fed

US President Trump signalled unhappiness with Federal Reserve rate increases. This was in a TV interview, not a tweet, so it is not official …

Donald Trump

Costs creep up

The Federal Reserve's Beige book signalled growing cost pressures for US companies, from a tighter labor market and US President Trump's barrage of …

Economy

Does getting muddled matter to markets?

US President Trump admitted to having been a bit muddled in Helsinki, and agreed with US intelligence services that Russia meddled in the 2016 …

Donald Trump

Trump, the former KGB officer, and markets

US President Trump's meeting with Russian President Putin has not been terribly well received by Republican politicians in the US. The US president …

Donald Trump

Summit time

Russian President Putin is meeting US President Trump today. Markets are only going to be interested if there is a hint about changing sanctions …

Donald Trump

Should markets be bothered by Brexit battles?

The media have been excited about UK politics. Financial markets and people in the real world have been much less excited. UK events remind us that …

Financial Markets

US consumers are paying the price of trade taxes

Data showed that China's imports from the US rose. However, data also showed that China's trade surplus with the US hit a record. A lot of what China …

Economy

Economic security

US President Trump was getting very excited (and a little muddled) about NATO defence spending. The argument may be back to front. Economic security …

Donald Trump

More shots fired over trade

US President Trump once again prepared to lower the yoke of additional taxation onto the shoulders of US consumers. The US published a list of …

Donald Trump

Storm in a British teacup (Part II)

The resignation of UK Foreign Secretary Johnson led to a small market reaction – unlike some other former UK ministers, international investors have …

Chinese Economy

A storm in a British teacup

The interminably tedious process of the UK exiting the EU became marginally less tedious over the weekend. The cabinet gathered in a remote country …

European Parliament

Currency moves and trade taxes

The Chinese yuan has weakened against the US dollar. What does this mean?<p>China has almost no dollar debt. The currency moves do not matter to China's …

China

Trade talk is not cheap (for the US)

The US raised consumer taxes again overnight. USD 34bn of goods partially made in China now face a 25% tariff. The consumer tax was designed to …

Donald Trump

The US president does not like higher oil prices

US President Trump tweeted rather angrily about oil yesterday. The US president does not like higher oil prices. The authority of the US president …

Oil

Policy in focus

The US markets are closed as Americans celebrate independence from Britain. This leaves markets somewhat subdued. There are purchasing managers' …

Economy

Taxing millennials?

The EU's bailout of Germany seems to be holding, if in a shaky fashion. German Chancellor Merkel and the junior coalition partner, the CSU, agreed to …

Economy

Is the EU bailout of Germany failing?

Exit polls indicate that Mexico's presidential election has been won by the anti-establishment candidate Obrador. This was expected by investors. The …

Europe

Inflation normal. Central bank policy normalising

Inflation measures targeted by the ECB and the US Fed are likely to come in around target. Eurozone core CPI will be low, but ECB President Draghi …

Economics

Who would win a trade war?

We do not have a trade war (yet). Despite the tweets, trade policy is not cutting the share of trade in the global economy. US tax cuts mean that the …

Economy

Chancellor Merkel and the horrible, terrible, very bad, not good day

Chancellor Merkel heads to an EU summit as the German CSU keeps muttering about leaving the German government over the refugee policy. Greek Prime …

Donald Trump

US trade deficit day

US trade data is due for the month of May. Normally a minor event, the political focus on trade makes this a more important number. With over a third …

Economy

Welcome to 21st century trade

In the 19th century, taxes on trade sort of worked. They were negative for the economy, but companies could not move to avoid them. 21st century …

Economy

Few surprises to start the week

The Turkish state-run media have declared President Erdogan to be the victor of the weekend's elections. The financial markets will now want to see …

Financial Markets

The tariffs so far should not do much damage

A trade tariff is a consumer tax by another name. The government gets tax money. The public pays the tax money. The US government, taxing USD 50bn of …

Economy

Trade and tightening

India increased taxes on US products, in retaliation for US taxes on products partially made in India. Markets are getting used to this process, and …

Economy

Longer-term issues, shorter-term market reactions

Financial market reactions to the threat of more taxes on trade remain relatively muted. Listed company profits would be hurt far more than the …

Trade skirmish, or trade war?

The trade skirmish so far does not amount to that much economically. The US administration's current trade taxes can be avoided for the most part. If …

Minimizing trade war risks

A tariff is just a tax on consumers. The US administration has announced its list of products partially made in China for which consumers must pay a …

How to sustain growth

Good decisions start with economics. This basic rule applies to sustainable investment, as much as to anything else.<p>The economics of sustainable …