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Into something new and strange! — Lead out unbroken song
To-day in the world of Greek and Roman Myths, stories from Ovid’s Metamorphoses are usually carried off, willy-nilly, and dropped into mythologickal source-books to be read as stand-alone tales. Or they are redeployed as background stories for building the world of modern fantasy novels. So it goes, and there are plenty of instances in which […]
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US initial jobless claims in focus
US initial jobless claims have become the en vogue indicator, with the global economy so sensitive to updates around the labor market, now that we’ve been paralyzed by the coronavirus. The fact that these updates come on a weekly basis is more useful than the monthly employment report and we’ll get another update today. Audio […]
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Why an OIL recovery brings hope
We come into Thursday with risk assets well supported and the US Dollar selling off as a consequence. The market has definitely been feeling better about the recovery in the price of OIL, which now seems to be serving as a proxy for the coronavirus outlook. Audio update Technical highlights EURUSD Still looking for major […]
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 107.743 | EURUSD 1.08233 | AUDUSD 0.6322 | NZDUSD 0.59544 | USDCAD 1.41604 | USDCHF 0.97142 | GBPUSD 1.23333 | LMAX Highs and Lows 0500 GMT Highs | Lows EURUSD 1.08251 | 1.08053 USDJPY 107.858 | 107.655 GBPUSD 1.23435 | 1.23131 USDCHF 0.97292 | 0.97118 AUDUSD 0.63187 […]
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“The process of building new homes is full of uncertainty and unexpected obstacles. Regulatory barriers make it riskier, longer and more expensive, which has consequences for housing affordability.” (Jenny Schuetz)
Listening to: Russ Roberts and Jenny Schuetz discuss land regulation, the housing market, affordable housing and land cartels (EConTalk, 30 March 2020). Some roughly stated, sloganeering lessons you might take from the conversation. Or at least that I took. (Where I’m not quoting, these are in my own words, not Schuetz’s or Roberts’s.) Schuetz argues […]