As #inflation is worse in the U.S. than it is abroad, the cost to produce domestically is rising faster than the cost to produce internationally. As the U.S. economy becomes less globally competitive our trade deficit rises. This results in a weaker dollar and stronger CPI gains.
Treasury/Fed just engineered 10/30 yr auctions and bond rally amidst hot cpi/ppi prints and surely all hands are on deck at the NY Fed desk should there be any guidance change Levitating 44.5T of equities 2x gdp record tight corp bond mkt sprds record neg real rates ain't easy
Statistics Canada on annual Canada CPI in May, which rose 3.6%, or the most since 2011: "... base-year effects affected the 12-month price movement for only a few key goods and services in May 2021."
Situation is very serious. I've been in politics for a long time. Such an atmosphere was created in 2001 when CPI(M) was making an exit. At that time Mamata Banerjee got 60 seats. There was political violence in some areas: Suvendu Adhikari, BJP on post-poll violence in WB
Last Saturday, we said we are committed to doing our part and we mean it. CPISecurity has been a long term partner but, upon reflection, we feel that it is right to end our relationship. We have informed Mr. Gill of our decision tonight.
There are about 2,300 political parties in India. 54 out of them are regional and 7 of them are national parties. All these 54 regional parties have become dynastic parties. BJP is the only national party apart from CPI(M) that remains ideological: Shri@JPNadda