(1)Bearish case: Labour Market Still on Hold (2 min read)
In our first article on the health of the US labour market John Tierney points out that February’s payroll gains came mostly from recall of temporary workers with structural unemployment inching higher. More substantive improvements in the labour market could still be months away leaving equities volatile.
(John Tierney│ 8th March, 2021)
(2) Bullish case: Goodbye K-Shaped Recovery, Hello V-Shaped (3 min read)
Dominique Dwor-Frecaut presents a more upbeat take on the NFP data, arguing that the flat hourly earnings and fall in hours worked signals the start of economic normalization. She sees this as positive for equities and the dollar.
(Dominique Dwor-Frecaut│ 8th March, 2021)
Implications of China’s Credit Curtail (PIMCO, 3 min read)
The Bitcoin Lottery (Project Syndicate, 4 min read)
Raskin says US ready to lead in climate battle (OMFIF, 3 min read)
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