Date archive forFebruary, 2017
By David Duncan On Tuesday, February 28th, 2017
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Macri Hangs on in Argentina Despite Poor Economic Performance

Argentina holds an unenviable place in history as the example textbooks point to for what can go wrong in economic development. At the time of the First World War, Argentina had among the highest living standards More...

By David Duncan On Tuesday, February 28th, 2017
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US Q4 Growth Unrevised at 1.9%

The Bureau of Economic Analysis said today that it’s estimate for fourth quarter economic growth in the United States was unchanged at 1.9% annually from the third quarter. Despite no revision to the numbers, More...

By David Duncan On Monday, February 27th, 2017
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Growth Cools in Colombia

Colombia, whose economy has weathered collapsing commodity prices better than most Latin American countries, announced today that 2016 GDP growth amounted to only 2%, the slowest growth for the country since it More...

By David Duncan On Monday, February 27th, 2017
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Brazil Central Bank Signals a More Accomodative Stance

Last week, the Copum, Brazil’s monetary policy committee, voted unanimously to cut interest rates in the country for the second consecutive time. The benchmark now stands at 12.25% after the 75 bps cut. Brazil’s More...

By David Duncan On Monday, February 27th, 2017
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Little New in Buffett’s Annual Letter

Acolytes of investor Warren Buffett eagerly await his letter to Berkshire Hathaway shareholders. With the Saturday release of this year’s letter, Buffett has now composed fifty-two of them, in which he ruminates More...

By Benjamin Comston On Friday, February 24th, 2017
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Janet’s Choice: Are Rule Based Monetary Policies Still Relevant?

Janet Yellen has increasingly switched her tone of late and is appearing to be far more hawkish on setting short-term interest rates than she had in the past. She has recently suggested that monetary policy was More...

By Benjamin Comston On Wednesday, February 22nd, 2017
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The Future Ain’t What It Used to be in Brazil

Towards the end of 2010, CBS News correspondent Steve Kroft reported on the economic progress of Brazil in a segment aired on “60 Minutes.” The title of that segment was, “Brazil: The Worlds Next More...

By David Duncan On Tuesday, February 21st, 2017
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Kraft Gives Up on Unilever while Restaurant Brands Buys Popeye’s

After getting a cool reception to its proposed merger with Unilever, Kraft decided to abandon its plans to buy the company for $50 per share. In a joint press release the two companies said the agreement to abandon More...

By David Duncan On Monday, February 20th, 2017
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US Housing Starts Decline in January

US housing starts declined by more than 2% from December’s revised seasonally adjusted figure according to the US Census Bureau. The Bureau estimated January housing starts at 1.246 million compared to 1.279 More...

By Benjamin Comston On Saturday, February 18th, 2017
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Kraft Heinz Targeting Takeover of Unilever

If Kraft Heinz has its way, it’s about to get a whole lot bigger. This morning they announced that a bid was made by the company to acquire Unilever, a large global provider of food and personal products. Among More...

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