State support has restored investor confidence but fund expects more market turmoil Norway’s sovereign wealth fund – the world’s largest – made a £16bn loss in the first half of the year and warned that financial markets could face further volatility as the Covid pandemic was still out of control.The £895bn fund said it suffered a 3.4% drop in returns in the first six months of 2020, a decline of 188bn kroner (£16bn), when its investments were hit by the early-March market sell-off sparked by panic about the coronavirus outbreak. Continue reading… [Read More...]
Sonora Grill ignored red traffic lights and authorities closed the premises
In social networks, many Internet users applauded the restaurant’s decision and pointed out the permissiveness of the authorities with informal commerce. [Read More...]
Pfizer vaccine could be effective against new strains of coronavirus, according to this research
The American pharmaceutical company, Pfizer, together with scientists from the Medical Branch of the University of Texas (USA), made an analysis on the N501Y mutation in the peak protein of the variant found in the United Kingdom. [Read More...]
Turner’s Take Podcast | Ain’t No Party Like a Soybean Party
Play Turner’s Take Ag Marketing Podcast Episode 261 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The CBOT rally refuses to stop and we have the Jan WASDE next week (Jan 12th) at 11 am. Back in 2007 to 2013 I think all but one of the Jan WASDE reports resulted in limit move in either corn, wheat or soybeans. If the USDA throws a big curve ball at the market I would not be surprised to see a limit move next week. In this podcast we go over why we are taking some profits heading into the WASDE and what we think about old crop and new crop prices going forward. I also take a look at… [Read More...]
Turner’s Take Podcast | Big CBOT Rally!
Play Turner’s Take Ag Marketing Podcast Episode 260 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast As Gordon Gecko said in Wall Street, “if you’re not inside, you’re outside”. The price action today in corn and soybeans reminded me of that famous scene. There was not much new in the press or from the USDA. Weather forecasts have not changed much and it looks like the workers strike in Argentina is coming to a conclusion. For those of us who have been around the block a few times, we’ve seen this kind of price action before. This is a classic price rationing rally. The world and US corn and soybean stocks… [Read More...]
What lockdowns do and what they don’t do
Just a short post to advertise my Guardian article‘Fear of coronavirus, not lockdown, is the biggest threat to the UK’s economy’. The key point I make is that the economy would suffer badly even if there was no lockdown. People, once they realised the extent of the threat, would stay at home. The three reasons I give for imposing a lockdown are classic reasons in economics for state intervention. The state has an information advantageThe government, because it talks directly to top scientists, can see the pandemic coming a lot faster than the majority of people. That didn’t work out too well in the UK, where people were leading the government, but if the state functioned well this would be true. The state deals with externalitiesWhile the … [Read More...]
After the arrival of a new strain of Covid-19, Japan prohibits entry to foreigners
The Japanese country will prevent the entry of foreigners due to a new variant of coronavirus, this restriction will take effect from December 28 until January. [Read More...]