Rise in volatility-linked trading raises market risks

2018 ◽  
Keyword(s):  
United States ◽  
Euro Area ◽  
Equity Markets ◽  
The United States ◽  
Trading Strategies ◽  
Currency Devaluation ◽  
Content Type ◽  
Core Inflation ◽  
Market Risks ◽  
Dramatic Decline

Subject Trading of volatility assets intensified this month's market sell-off. Significance The dramatic decline in global equity markets last week, led by the sharpest drop in the S&P 500 index in more than two years, highlights the dangers posed by trading strategies and products linked to the Chicago Board Options Exchange (CBOE)'s volatility (VIX) index. Highly leveraged bets against market tranquility backfired as the VIX touched its highest level since China’s shock currency devaluation in 2015. Impacts Starting from a low base will exaggerate any inflation increases -- core inflation is still below 2% in the euro-area and the United States. Despite this month’s turmoil, trading in volatility assets will remain popular -- investors will ‘buy the dip’ and continue to seek yield. The euro-area is enjoying its fastest growth in twelve years but faces political tests this year, notably the Italian elections next month.

At a Glance…

2002 ◽  
Vol 181 ◽  
pp. 2-3
Keyword(s):  
United States ◽  
Economic Growth ◽  
Stock Market ◽  
Euro Area ◽  
Equity Markets ◽  
The United States ◽  
Japanese Economy ◽  
List Type ◽  
Sharp Fall

The sharp fall in equity markets will dampen economic growth next year: global output is forecast to increase by 3.4 per cent in 2003.Lower stock market wealth means that the United States will grow by 2.9 per cent next year, 0.6 per cent less than our previous forecast.The euro area will grow by only 1.2 per cent this year, more slowly than in 2001.The Japanese economy will shrink by 0.1 per cent this year, a better performance than previously expected. However, output will only grow by 0.7 per cent in 2003.

Slump in Turkish automotive sector will last into 2019

2019 ◽  
Keyword(s):  
United States ◽  
Euro Area ◽  
The United States ◽  
Automotive Sector ◽  
Economic Policies ◽  
Export Markets ◽  
Content Type ◽  
Automotive Market ◽  
European Markets ◽  
Turkish Lira

Subject The weak lira’s impact on the Turkish automotive sector. Significance A growing domestic automotive market gave Turkish carmakers some relief when European vehicle markets slumped in the wake of the euro-area crisis. Now, thanks to a combination of failed economic policies and tensions with the United States that caused a 70% fall in the Turkish lira, the domestic market has all but collapsed, while European markets are slowing even before the disruption promised by Brexit. Impacts The government’s post-attempted-coup purges have hurt the lira and may have affected consumer demand. Demand in the main export markets in Europe for Turkish-produced cars is stagnating and exports may continue to fall. Renewed US efforts to isolate Iran will affect Turkish vehicle exports to that market.

Global monetary policy divergence will emerge in 2016

2015 ◽  
Keyword(s):  
United States ◽  
Monetary Policy ◽  
Euro Area ◽  
Productivity Growth ◽  
Aggregate Demand ◽  
The United States ◽  
Policy Response ◽  
Market Conditions ◽  
Content Type ◽  
China’S Economy

Significance Despite a less dovish than expected policy response on the part of the ECB on December 3, monetary policy divergence between the Fed and the ECB is likely to heighten in 2016. While the euro remains up 3.3% against the dollar since December 2, prolonged policy divergence between the United States and the euro-area should underpin the dollar's strength. Impacts Fears about China's economy and the end of the commodity super-cycle will also shape market conditions in 2016. A recovery in productivity growth will allow monetary policy normalisation to proceed smoothly, boosting aggregate demand. A stronger dollar will help the ECB achieve its inflation goal, through a weaker euro. A stronger dollar will put further strain on EM assets, particularly in countries with large dollar-denominated corporate debt.

NCSS notable trade book lesson plan: the girl who buried her dreams in a can

2020 ◽  
Vol 15 (2) ◽  
pp. 121-126
Author(s):  
Takisha Durm
Keyword(s):  
United States ◽  
Research Design ◽  
Design Methodology ◽  
Lesson Plan ◽  
The United States ◽  
Elementary Grades ◽  
Effect Change ◽  
Content Type ◽  
Similarities And Differences ◽  
Future Date

PurposeThe Girl Who Buried Her Dreams in a Can, written by Dr Tererai, profiles a cultural, yet global experience of the power of believing in one's dream. Through this study of the similarities and differences of how children in the United States and abroad live and dream of a better life, this lesson seeks to enhance students' understandings of the power and authority they possess to effect change not only within their own lives but also in the lives of countless others in world. After reading the text, students will work to create vision boards illustrating their plans to effect change within their homes, schools, communities, states or countries. They will present their plans to their peers. To culminate the lesson, the students will bury their dreams in can and collectively decide on a future date to revisit the can to determine how far they have progressed in accomplishing their goals.Design/methodology/approachThis is an elementary grades 3–6 lesson plan. There was no research design/methodology/approach included.FindingsAs this is a lesson plan and no actual research was represented, there are no findings.Originality/valueThis is an original lesson plan completed by the first author Takisha Durm.

Washington will rethink its foreign chip strategy

2021 ◽  
Keyword(s):  
United States ◽  
Supply Chain ◽  
The United States ◽  
Export Controls ◽  
Political Pressure ◽  
Technical Standards ◽  
Content Type ◽  
The Us ◽  
Technology Competition ◽  
Business In China

Significance Follow-on action from Washington and responses from foreign actors will shape the US government’s adversarial policy towards China in semiconductors and other strategic technologies. Impacts The Biden administration will likely conclude that broad-based diversion of the semiconductor supply chain away from China is not feasible. The United States will rely on export controls and political pressure to prevent diffusion to China of cutting-edge chip technologies. The United States will focus on persuading foreign semiconductor leaders to help develop US capabilities, thereby staying ahead of China. Washington will focus on less direct approaches to strategic technology competition with China, notably technical standards-setting. Industry leaders in the semiconductor supply chain worldwide will continue expanding business in China in less politically sensitive areas.

Canada-US ties will see fewer irritants under Biden

2021 ◽  
Keyword(s):  
United States ◽  
Prime Minister ◽  
Oil Industry ◽  
The United States ◽  
Donald Trump ◽  
Federal Election ◽  
Content Type ◽  
Un Peacekeeping ◽  
Keystone Xl ◽  
Keystone Xl Pipeline

Significance Canada’s Liberal Prime Minister Justin Trudeau is preparing to welcome a more predictable and stable partner in Biden than outgoing Republican President Donald Trump. However, Biden is also expected quickly to cancel the Keystone XL pipeline, cutting another lifeline to Canada’s oil industry and creating some strain in Canada-US ties. Impacts Improved Canada-US ties will persist even if Trudeau loses the next federal election to Conservative Erin O’Toole. Canada will re-engage militarily with UN peacekeeping and NATO deployments. Trudeau will encourage Biden to end US prosecution of Meng Wanzhou, allowing Canada to release her; Biden may agree. Canada’s border with the United States will open in stages as COVID-19 recedes. Ottawa will push Biden to end ‘Buy American’ procurement policies, with little success.

Washington will engage more with South-east Asia

2021 ◽  
Keyword(s):  
United States ◽  
East Asia ◽  
The United States ◽  
South East Asia ◽  
National Unity ◽  
Content Type ◽  
Key Issues ◽  
Set Up

Significance She addressed two key issues during her trip: tensions in post-coup Myanmar and China’s growing regional footprint. Shortly after she left the region, the United States announced that it would donate unused COVID-19 vaccines abroad, including to South-east Asia. Impacts Washington will tighten its sanctions on the Myanmar military while supporting ASEAN’s five-point plan to ease the country’s crisis. The National Unity Government, a parallel administration to Myanmar’s junta set up by its opponents, will try to attract greater US backing. Manila and Washington may extend negotiations over renewing their Visiting Forces Agreement to prevent the pact expiring in August.

Associations of Community Water Lead Concentrations with Hemoglobin Concentrations and Erythropoietin-Stimulating Agent Use among Patients with Advanced CKD

2021 ◽  
pp. ASN.2020091281
Author(s):  
John Danziger ◽  
Kenneth J. Mukamal ◽  
Eric Weinhandl
Keyword(s):  
United States ◽  
Drinking Water ◽  
Kidney Disease ◽  
The United States ◽  
Water Systems ◽  
Adverse Outcomes ◽  
Content Type ◽  
Community Water Systems ◽  
Community Water ◽  
Lead Levels

BackgroundAlthough patients with kidney disease may be particularly susceptible to the adverse health effects associated with lead exposure, whether levels of lead found commonly in drinking water are associated with adverse outcomes in patients with ESKD is not known.MethodsTo investigate associations of lead in community water systems with hemoglobin concentrations and erythropoietin stimulating agent (ESA) use among incident patients with ESKD, we merged data from the Environmental Protection Agency (EPA) Safe Drinking Water Information System (documenting average 90th percentile lead concentrations in community water systems during 5 years before dialysis initiation, according to city of residence) with patient-level data from the United States Renal Data System.ResultsAmong 597,968 patients initiating dialysis in the United States in 2005 through 2017, those in cities with detectable lead levels in community water had significantly lower pre-ESKD hemoglobin concentrations and more ESA use per 0.01 mg/L increase in 90th percentile water lead. Findings were similar for the 208,912 patients with data from the first month of ESKD therapy, with lower hemoglobin and higher ESA use per 0.01 mg/L higher lead concentration. These associations were observed at lead levels below the EPA threshold (0.015 mg/L) that mandates regulatory action. We also observed environmental inequities, finding significantly higher water lead levels and slower declines over time among Black versus White patients.ConclusionsThis first nationwide analysis linking EPA water supply records to patient data shows that even low levels of lead that are commonly encountered in community water systems throughout the United States are associated with lower hemoglobin levels and higher ESA use among patients with advanced kidney disease.

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