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CHARTS OF THE WEEK

CHARTS OF THE WEEK

BILAL'S TOP PICKS

Information and Inequality in the Time of a Pandemic (IMF, 31 page read) The poor will bear most of an epidemic’s health costs and these costs are higher in pandemics which exhibit a greater share of asymptomatic cases.

Raising taxes could tip us back into recession (The Article, 5 min read) George Magnus argues there is no need to raise taxes. [Bearish UK assets]

How US consumers use their stimulus payments (Vox EU, 5 min read) ‘Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15% reporting that they mostly spent it.’

Will the AI Revolution Cause a Great Divergence? (IMF, 31 page read) The AI revolution is set to favour advanced countries and pull capital away from developing countries, leading to a transitional GDP decline.

Furloughing (Cambridge INET, 34 page read) Women, and more specifically, mothers were most likely to be furloughed during the recent pandemic. They were also less likely to have their salary topped up beyond the 80% subsidy.

Artificial Intelligence Methods for Evaluating Global Trade Flows (Fed, 27 page read) An example of how AI may take economists’ jobs – algorithms are shown to provide improved predictions of future patterns of trade, relative to traditional models. This could be a game-changer for policymakers who, up and till now, use out-of-date and oversimplified econometric models.

 

 

What Ruth Bader Ginsburg’s Death Means for America (The Atlantic, 5 min read)

A Big Chunk of White Americans With Degrees And People Of Color Are Behind Trump (FiveThirtyEight, 3 min read) ‘If the race is really tight, Trump’s maintaining this sliver of Black support could be critical’

Golfing with Trump. Social capital, decline, inequality, and the rise of populism in the US (CEPR) Finds that the rise in vote for Trump in 2016 was the result of long-term economic and population decline in areas with strong social capital.

 

How Traders Used Google Searches To See The Economic Recovery In Real Time (Bloomberg Odd lots, 41 min listen)

Hedge Fund Family Ties (Shidler College of Business, 25 page read)

Asian Intervention in the Foreign Exchange Market is Back. Bigly (Brad Setser, 5 min read)

 

The Big Cycles of China and Its Currency (Ray Dalio, 15 page read)

Lop-sided Chinese recovery (Twitter, 3 min read) Michael Pettis remains pessimistic on China despite the recent upbeat data. Faster growth in IP relative to consumption may cause a slowdown in growth due to unsustainable debt levels. Beijing should focus more on improving domestic demand rather than pushing supply-side policies. [Bearish CNY]

Digital currency and the new cold war (OMFIF, 6 min read)Argues that China’s move into digital currency is a new front in the US-China cold war.

 

Benefits from higher female representation plus the number of ESG ETS continue to rise

Economic Aspects of the Energy Transition (NBER) Paper argues that we are not correctly accounting for the increase in electricity prices.

Forced Feminist Firms  (NBER, 34 page read) Reduced turnover, increased productivity and female leadership are important mechanisms leading to observed performance gains of private and public firms. Mounting pressure to improve female representation can, therefore, lead to positive growth externalities. 

Competition Heats Up For ESG ETFs (Banking Exchange, 3 min read) New data finds ‘number of tracker funds with a dedicated ‘sustainable’ focus hit 534 by the end of the second quarter of 2020.’

CHARTS OF THE WEEK

BILAL'S TOP PICKS

Information and Inequality in the Time of a Pandemic (IMF, 31 page read) The poor will bear most of an epidemic’s health costs and these costs are higher in pandemics which exhibit a greater share of asymptomatic cases.

Raising taxes could tip us back into recession (The Article, 5 min read) George Magnus argues there is no need to raise taxes. [Bearish UK assets]

How US consumers use their stimulus payments (Vox EU, 5 min read) ‘Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15% reporting that they mostly spent it.’

Will the AI Revolution Cause a Great Divergence? (IMF, 31 page read) The AI revolution is set to favour advanced countries and pull capital away from developing countries, leading to a transitional GDP decline.

Furloughing (Cambridge INET, 34 page read) Women, and more specifically, mothers were most likely to be furloughed during the recent pandemic. They were also less likely to have their salary topped up beyond the 80% subsidy.

Artificial Intelligence Methods for Evaluating Global Trade Flows (Fed, 27 page read) An example of how AI may take economists’ jobs – algorithms are shown to provide improved predictions of future patterns of trade, relative to traditional models. This could be a game-changer for policymakers who, up and till now, use out-of-date and oversimplified econometric models.

 

 

What Ruth Bader Ginsburg’s Death Means for America (The Atlantic, 5 min read)

A Big Chunk of White Americans With Degrees And People Of Color Are Behind Trump (FiveThirtyEight, 3 min read) ‘If the race is really tight, Trump’s maintaining this sliver of Black support could be critical’

Golfing with Trump. Social capital, decline, inequality, and the rise of populism in the US (CEPR) Finds that the rise in vote for Trump in 2016 was the result of long-term economic and population decline in areas with strong social capital.

 

How Traders Used Google Searches To See The Economic Recovery In Real Time (Bloomberg Odd lots, 41 min listen)

Hedge Fund Family Ties (Shidler College of Business, 25 page read)

Asian Intervention in the Foreign Exchange Market is Back. Bigly (Brad Setser, 5 min read)

 

The Big Cycles of China and Its Currency (Ray Dalio, 15 page read)

Lop-sided Chinese recovery (Twitter, 3 min read) Michael Pettis remains pessimistic on China despite the recent upbeat data. Faster growth in IP relative to consumption may cause a slowdown in growth due to unsustainable debt levels. Beijing should focus more on improving domestic demand rather than pushing supply-side policies. [Bearish CNY]

Digital currency and the new cold war (OMFIF, 6 min read)Argues that China’s move into digital currency is a new front in the US-China cold war.

 

Benefits from higher female representation plus the number of ESG ETS continue to rise

Economic Aspects of the Energy Transition (NBER) Paper argues that we are not correctly accounting for the increase in electricity prices.

Forced Feminist Firms  (NBER, 34 page read) Reduced turnover, increased productivity and female leadership are important mechanisms leading to observed performance gains of private and public firms. Mounting pressure to improve female representation can, therefore, lead to positive growth externalities. 

Competition Heats Up For ESG ETFs (Banking Exchange, 3 min read) New data finds ‘number of tracker funds with a dedicated ‘sustainable’ focus hit 534 by the end of the second quarter of 2020.’

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