Global economic growth and trade have been slower in recent years, and Steven J. Davis of the University of Chicago can tell you why.
Policy Uncertainty Global economic growth and trade have been slower in recent years, and Steven J. Davis of the University of Chicago can tell you why. He found (see NBER Working Paper No. 22740) that gross domestic product (GDP) is correlated to references of uncertainty contained in newspaper headlines in 16 countries over the past 20 years. He specifically found that economic policy uncertainty has been significantly higher over the past five years than in the prior years studied. Burdening Trade Ivory tower types at the Boston University and Georgetown University conclude that global trade...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
