Tuesday , January 31 2023
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The common currency for the Mercosur — Matias Vernengo

Lula's visit to Argentina, during the Community of Latin American and Caribbean States (CELAC) meeting, brought about a brief discussion of the possibility of a common currency. I have discussed here (as well as many guest bloggers) both currency unions, in particular the euro, and it's consequences. Note that the FT piece linked suggested that the common currency was the first step in a long process. I doubt it, in part because, if the end goal is a real currency union, it would be a...

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Russia’s gas union eyes Pakistan, India — M. K. Bhadrakumar

The big growth in this century is expected to be in Asia, including Central Asia and Southeast Asia, and Africa — unless the West can either control the regions or disrupt their growth. Growth requires increased energy use and alternative energy other than nuclear is not there yet. And even with nuclear energy, much of the planet's uranium now comes from Kazakstan and Russia. Russia also constructs nuclear power plants. This article is mostly about natural gas along with the geopolitics and...

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Core Inflation Woes — Brian Romanchuk

Alex Williams recently wrote “What Is ‘Core PCE Services Ex-Housing’ Anyway?,” which dissects the measure that the Fed is using to get a handle on “underlying” inflation. The most interesting bit (for me) is that about 1/4 of this measure is an imputed price index, based on wages. This means that this component will track wages (giving a convenient analytical relationship) by definition.The logic of following this measure is that the Fed convinced itself that the core (ex-food and and...

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Hovern’ engan

Wars, conflicts, and other crises have left more than 30 million children displaced from their homes in the world today. More than 10 million children are refugees or asylum-seeking. [embedded content] “Whatsoever You Do to the Least of My Brothers You Do unto Me”

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British voters depressingly caught between a rock and a hard place — Bill Mitchell

Britain is now in a very undesirable state. The governing Tories are bereft of any sensible ideas and likely to lose the next General election in 2024 to Labour, who are promising to be the party of ‘sound finance’, which means they will be incapable of dealing with the challenges that face the nation in a highly volatile world and will likely end up losing popularity and ceding government back to the Tories. And just as in 2010, the Labour reputation will tarnished and they will be lost...

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Monday Message Board

Another Message Board Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here I’m also trying out Substack as a blogging platform. For the moment, I’ll post both at this blog and on Substack. Share this:Like this:Like Loading...

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Oh The Cost Of It

The 2nd that is. If there was ever anything that cried out for a cost-benefit analysis it is surely the more recent Supreme Court interpretations of our ‘Second Amendment Rights’. On The Benefit Side: The right to protect our family and selves at all times and in all places from all dangers both real and imagined with deadly force. The right to experience any pleasure one might get from firing automatic and semi-automatic weapons...

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