Global Economic Monitor 240917

(Introduction)

[Markets]

•   Global: Tech stocks drag, dollar plumbs lows on rate cut expectations

※   Tech stocks weigh on S&P 500 and Nasdaq, DJI bears up

※   Treasury yields fall to two-year low

※   Futures imply 59% chance of outsized Fed rate cut

[World]

•   WSJ: Suspected Trump Gunman Was Near Golf Course for 12 Hours Before Shooting

•   WSJ: Fed Enters Tricky Terrain: Rate Cuts in a Decent Economy

•   WSJ: Consumers Have a Debt Problem: Not Enough of the Right Kind

•   WSJ: These Millionaires Can Afford Their Dream Home. They’re Renting Instead.

•   WSJ: U.S. Warns Israel Against Escalating Fight With Hezbollah

•   WSJ: The Crude System of Coded Messages Keeping Hamas’s Leader Alive

•   WSJ: How Russia Profits From Ukraine Invasion by Selling Stolen Grain on a Global Black Market

•   WSJ: Why Europe Is Embracing the New American Growth Model

•   WSJ: Why Washington and Big Oil Are Investing Billions in Ammonia

•   WSJ: Amazon Tells Workers to Return to Office Five Days a Week

•   WSJ: Intel CEO Moves to Further Cut Costs and Separate Chip Making and Design

•   WSJ: Renewables, and Good Luck, Prop Up Power Grid Through Extreme Heat

•   WSJ: After Layoffs, Tesla’s Supercharger Expansion Slows

•   FT: EU plans to raise up to €40bn in loans for Ukraine without US

•   FT: Nuclear Power Set to Underperform in Most Optimistic UN Scenario

•   Bloomberg: Shanghai Slammed by Strongest Typhoon to Hit City Since 1949

•   Bloomberg: India’s Post-Pandemic Revenge Spending Is Running Out of Steam

•   Bloomberg: China’s Grip on Rare Earths Undercuts Projects From US to Japan

[Korea]

•   복지부: 응급실서 감기·설사 환자 거부해도 의사 처벌 안한다

[Opinions]

•   Project Syndicate(Joseph E. Stiglitz, et al.): The IMF Must End Its Destructive Surcharges

•   WSJ(Editorial Board): Has the Fed Learned Any Lessons?

•   WSJ(Jason Furman): Harris Is the Safer Economic Choice

•   WSJ(Mark Skousen): The American Economic Association Snubs Hayek

•   NYT(Paul Krugman): How Trump Is Undermining the Economy in Some Struggling Cities

•   WP(Heather Long): Kamala Harris wants to try something new: ‘Middle-class capitalism’

•   FT(Editorial Board): Europe needs to unleash its banking union

•   FT(Gideon Rachman): China, America and a global struggle for power and influence

•   FT(Meredith Whitney): The generation helping to prop up the US economy

•   Bloomberg(Bill Dudley): The Fed Should Go Big Now. I Think It Will.

•   Bloomberg(Daniel Moss): China’s Best Growth Target May Be None at All

•   Bloomberg(Clive Crook): The US Is Locked in a State of Debt Denial

•   Bloomberg(Thomas Black): A Trucking Recovery Is Slipping Further Into the Future