World Faces Longer Supply Shortage as China’s Factories Squeezed
Wednesday, May 26, 2021 05:20 PM By Bloomberg News Surging commodity prices curbing manufacturers’ profits Uncertainty is restraining companies from expanding capacity (Bloomberg) — Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level. But like many Chinese manufacturers, he doesn’t plan to […]
Taiwan’s Sudden Unraveling Masks a Serious Climate Problem
Tuesday, May 25, 2021 01:56 AM By Adam Majendie and Raymond Wu Government faces stark choices over energy, water supplies Taiwan temperatures have risen twice the global average (Bloomberg) — Taiwan is being squeezed by a resurgent coronavirus on one side and a yearlong drought that is disrupting agriculture, industry and power supplies on the other. Only one […]
U.S. Consumers Are Growing Confident Inflation Is Getting Sticky
6:29:00 AM Traders should pay close attention to the latest consumer confidence reading because it could have an impact on interest rates. The data being released this morning tracks with inflation, particularly the type that is not transitory. Headline inflation has been largely driven by rising food and energy prices, which the average consumer feels immediately. […]
Ned Davis Busts Out the Rare ‘Sell’ Rating on Tech: Taking Stock
Monday, May 17, 2021 06:32 AM By Elena Popina (Bloomberg) –Sentiment toward technology stocks has been souring for months now. Yet few analysts have told clients to get rid of the group entirely, and instead are sticking with a neutral or a slightly bearish view. However, Ned Davis Research strategists finally pulled the trigger, cutting […]
Mark Your Calendar. It’s Time for a Taper Tantrum
Thursday, May 20, 2021 03:00 PM By Daniel Moss (Bloomberg Opinion) — The safety latch has been released on global monetary policy. Prospects that the Federal Reserve starts reining in stimulus are alive, and a troubling signal for Asian economies that took dramatic measures to support their recoveries. Minutes of the Federal Open Market Committee’s April meeting, released […]
Lumber executive expects volatility, elevated prices to last for ‘foreseeable future’
A lumber industry veteran told CNBC on Thursday he expects the hot lumber market to persist, at least for a few more months, keeping both prices and volatility elevated. “Our belief is that this cycle that we’re currently in … is here for the foreseeable future,” said Kyle Little, chief operating officer at Sherwood Lumber, […]
U.S. Inflation Expectations Mount in Latest Survey of Economists
Friday, May 14, 2021 06:00 AM By Vince Golle and Sarina Yoo Economists see consumer price index exceeding 3% through 2021 U.S. economy to expand at 9.3% in second quarter, survey shows (Bloomberg) — Economists are warming to the idea of hotter inflation into early next year. The latest monthly survey by Bloomberg shows forecasters have raised their […]
Deflating Bubble Not Inflation Is Bigger Risk Today: Macro View
Sunday, May 16, 2021 02:38 PM By Cormac Mullen (Bloomberg) — Forget inflation. Deflation is the most immediate threat facing global financial markets today — specifically the deflating speculative bubble that fueled much of last year’s risk asset rally. For the second time in about as many months, investors saw a surprise leverage-driven selloff, when a slump […]
The World Economy Is Suddenly Running Low on Everything
‘It is anything but efficient or normal.’ Surging corporate demand is upending global supply chains. By Brendan Murray, Enda Curran, and Kim Chipman May 16, 2021, 9:01 PM PDT A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying […]
The global chip shortage could last until 2023
Semiconductors will be in short supply for some time to come yet, according to analysts that monitor the industry. Today, chips are in everything from PlayStation 5s and toothbrushes to washing machines and alarm clocks. But there’s not enough to go around — it’s a multifaceted issue that shows no signs of abating, leading some to […]