MACRO ECONOMIC NEWS

A PROMISING WEEKEND TO BE A TEDDY FOREVER

Macro Economic News 10 Feb 2018

 

The confidence in credibility of common considerations in economic and financial horizon has been cracking. As a consequence, the macroeconomic facts being observed are swaying significantly from general expectations. Assessment of impact is a trillion dollar question.

Some of the contradictions being observed - Fiscal extravaganza vs austerity, narrowing spending multiplier vs economy leverage, widening credit spread vs GDP growth, wealth erosion vs capital formation, wealth skew vs employment growth, quest of safe assets vs flow of money to market etc - are maneuvering market myths.

It may impact global economy with strong economic growth in short run, inflation and higher cost of resources (capital) in medium run and less resiliency of nation to combat unexpected financial crisis in long run. The key would be readiness and risk management.

 

FINANCIAL TIMES

[I]  Trump signs deficit-swelling budget deal

[I]  The dumb-bell economy: inside the booming business of exercise

[I]  India pressed to send in troops to resolve Maldives crisis

[I]  Barnier warns UK intransigence putting Brexit transition at risk

[I]  Wealthy Chinese push racing pigeon prices skywards

[I]  China asks Hong Kong to goose-step into line

[I]  EU to demand tough data-protection rules with future trade deals

[I]  US shutdown begins after single senator delays budget vote

 

WALL STREET JOURNAL

[I]  White House Budget to Project 3% Growth

[I]  Spending Bill Overshadows Coming Trump Budget Plan

[I]  Why Workers Are Striking Less Than Ever

[I]  Canada Sheds 88,000 Jobs In January

[I]  Farm Belt Braces for Falling Incomes, Trade Disputes

[I]  Real Time Economics: Markets vs. the Economy | U.S. Budget Breakthrough | Companies See Signs of Inflation

[I]  Are Treasury and White House Statements Driving the Dollar Down? Economists Don’t Believe It Anymore

[I]  Forget the 4% Rule: Rethinking Common Retirement Beliefs

 

REUTERS

[I]  Bad loans hurt state banks, push SBI to surprise loss

[I]  Investors brace for more swings as U.S. inflation specter rises

[I]  Kuroda reappointment at BOJ seen as sign stimulus policy will go on

[I]  Bond vigilantes awaken counterparts in the stock market

[I]  India's January retail inflation seen easing only slightly, still above target: Reuters poll

[I]  Oil pipeline shutdown hits UK industry but manufacturing and construction grow

[I]  Analysis: How soaring U.S. oil exports to China are transforming the global oil game

 

BLOOMBERG 

[I]  Junk-Bond Selling Accelerates at End of Jittery Week in Markets

[I]  Spending Plan Assumes U.S. Growth of 3% Over Decade

[I]  Senate Passes Delayed Budget Deal in Bid to End U.S. Shutdown

[I]  Asia Is America’s Biggest Crude Buyer

[I]  Jim Rogers Says Next Bear Market Will Be Worst in His Life

[I]  Germany Is Still Obsessed With Cash

 

BUSINESS LINE

[I]  SEBI can now go after even ‘small schemers’

[I]  NSE, BSE move to curb Nifty trading in Singapore, Sensex in Dubai

[I]  ‘Brain drain’ in Indian Railways as senior officers make track in other departments

[I]  US blocks India’s request for WTO compliance panel on solar dispute

[I]  It’s time we redefined contract labour

[I]  Palestinian cause and India’s balancing act

[I]  Higher import duty on olive oil will kill demand, fears trade association

[I]  New start-up hub to help women entrepreneurs

 

ECONOMIC TIMES

[I]  Auto Expo 2018: Entry-level cars and bikes missing; experts say market maturing

[I]  Lost your phone & worried about data theft? Govt is coming up with a solution soon

[I]  Aadhaar to be address, age proof for DL: Govt

[I]  Gross NPAs decline marginally to 9.8%: Govt

[I]  India's external debt at $495.7 billion, in manageable limits: Govt

[I]  Direct tax kitty grows 19% to Rs 6.95 lakh crore in April-January

[I]  RBI status quo on key rate indicates growth will pick up: Finance Ministry

[I]  SFIO lens on 81 firms for fraud in 10 months of this fiscal

[I]  PAN may soon become Aadhaar of your business

 

BUSINESS STANDARD

[I]  GST regime is not tax friendly, fix glitches on GSTN: Bombay HC raps govt

[I]  Centre drops proposal to relax retrenchment norms for industries

[I]  E-drive in India's two-wheeler market likely to hit capacity hurdle

[I]  Budget beyond taxes--it's time to focus on non-tax part of revenue

[I]  RBI conducts last bond auction before current financial year ends

 

Best Regards, ARBIND

10 Feb 2018