Echoing this downbeat take, Bloomberg commentator Ye Xie writes that "the delta variant adds to downside risks for the economy" noting that "the regulatory tightening adds to downside risk for China’s economy just as the Covid-19 virus reemerged. China began imposing travel restrictions as the delta variant fueled the nation’s broadest outbreak in more than a year. The dimmed growth outlook sent bonds rallying, pushing 10-year yields down for a seventh straight week, the longest decline since 2018. Meanwhile, the crisis at China Evergrande deepened, with its bonds dropping to new record lows."The deflation window opens. Yuan deval also on the table, albeit only a small crack in that window for now.
Will the Fed try to spoil the FTC’s non-compete ban?
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The worker insecurity hypothesis versus Lina Khan
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