Monthly Archives: December 2021

Macro Briefing: 30 December 2021

* US coronavirus deaths have been ‘comparitively low’. Will that last?
* Airlines across US continue to cancel flights due to staffing shortages
* Forecasting is always challenging. Covid-19 and inflation is making it worse
* Biden and Putin to speak on phone today amid Ukraine tensions
* US oil output set to rise further in 2022, predicts industry expert Dan Yergin
* Pending home sales in US were unexpectedly weak in November
* US trade deficit in goods fell to a new record in November:

Macro Briefing: 29 December 2021

* US 7-day average for reported Covid-19 cases rises to record high
* Covid-19 cases are surging again but hospitalization rate is lower this time
* Omicron is a new risk factor for the economy
* Many states avoiding strict measures to manage Omicron spread
* US and Russia will hold security talks on tension over Ukraine
* Valuations on stocks in China look ‘very, very attractive,’ says UBS analyst
* Richmond Fed Mfg Index strengthened in December
* US home price 1yr-trend growth decelerated again through October:

Strong Rebound Expected For US Q4 GDP Growth As Of 2021’s Close

The year is set to end on a bright note for the upcoming US GDP report for the fourth quarter, based on several nowcasts. The outlook for early 2022 is shaky, thanks to the spreading Omicron variant of the coronavirus. But there’s a relatively high degree of confidence that the end of 2021 will at least provide a tailwind as the country moves into the third calendar year of the pandemic.

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Macro Briefing: 28 December 2021

* US health officials recommend shorter quarantine period for Covid
* Economists cut economic forecasts for early 2022 due to Omicron variant
* Bad weather blamed as a factor that’s lifted inflation
* China expected to add stimulus to stabilize economy in 2022
* UK and Germany consider fourth Covid shot (second booster)
* US stocks (S&P 500) close at record high on Monday
* Texas factory activity continues growing at solid pace in December
* Policy-sensitive 2-year Treasury yield rises to new pandemic high, 0.76%:

Macro Briefing: 27 December 2021

* US holiday spending rose at fastest pace in 17 years, credit card data shows
* Rethinking Goldman’s forecast of slower growth based on demise of BBB bill
* Many food manufacturers say they plan to hike prices in 2022
* Flight cancellations continue to mount due to rise in Covid cases
* Jobless claims for US remain near multi-decade low
* New US home sales rose 12.4% in Nov–biggest monthly gain in more than a year
* Durable goods orders for US rose more than forecast in November
* US consumer sentiment revised up slightly for December
* US personal income and spending rose for a second month in November:

Best Of Book Bits 2021: Part I

2021 has been full of surprises, for good and ill, but the stream of new books this year didn’t disappoint. Before we turn the calendar, let’s roll out a quick recap of highlights from’s weekly Book Bits column over the past 12 months. Here are ten titles from the archives in 2021 – titles that for one reason or another caught your editor’s eye. Five today, with another five on Jan. 1. Happy reading!

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