October 16 (Monday)
Latest Morning Briefing Executive Summary: All About Inflation
To answer whether the latest bout of inflation in general will prove persistent or transitory, we must look deeper than the headline rate. Core rates exclude energy and food, but shelter arguably should be excluded to get the answer, as it too is still distorted by temporary pandemic-related factors. The resounding message we hear from September’s CPI data: Both headline and core CPI rates—ex shelter—were 2.0% y/y in September. That’s the Fed’s target rate (albeit for the PCED). For us, that’s confirmation enough that inflation is moderating. It’s transitory, not persistent. Then again, some will see signs of persistent inflation in the data details. … And: Dr. Ed reviews “Somewhere in Queens” (+).
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 9.
Markets
US oil is back, and Exxon’s $60 billion deal isn’t the biggest signal | C
US
A Soft Landing in the U.S. Could Be Hard for Everyone Else | W
A Recession Is No Longer the Consensus | W
These Companies Are Being Squeezed by Higher Rates | W
U.S. Races to Expand Michigan Locks and Secure the Supply Chain | W
Why the U.S. Government Has $5 Billion in Bitcoin | W
Europe
Europe should not copy Bidenomics | E
Asia
China’s banks may be loaded up with hidden bad loans | E
Large parts of Asia are getting old before they get rich | E
Geopolitics & trade
Hamas’s attack was the bloodiest in Israel’s history | E
Will Israel’s agony and retribution end in chaos or stability? | E
Clashes Intensify Along Israel’s Northern Border as It Prepares Gaza Invasion | W
Gaza’s evacuees are racing south with nowhere safe to go | E
How the tech sector in Israel is navigating the war | NN
America and China should keep doing research together | E
Industries & companies
Autos: Automakers Have Big Hopes for EVs; Buyers Aren’t Cooperating | W
Banks: Big-Bank Profits May Be Higher, but for How Much Longer? | W
Media: Taylor Swift Eras Tour concert film opening weekend box office | C
Pharma: Obesity medicine euphoria warning: Experts tackle ‘miracle drugs’ | C
Wireless: How 5G Has, and Hasn’t, Changed the World | W
Climate
Opinion | I Study Climate Change. The Data Is Telling Us Something New. | N
Artificial Intelligence
Want to Know the AI Lingo? Learn the Basics, From NLP to Neural Networks | W
