World Perspectives

Recent Policy Analysis

Viral Opinion; Opposing Views

Viral Opinion A YouGov/Economist survey found that Democrats are much more likely than Republicans to be extremely concerned about the coronavirus. This started a twitter food fight over which party is dumber – the answer is they both are wrong. Affective polarization or negative feelings...

Global Deterioration

On the one hand, no country has greater experience with epidemics than China (Asian flu, Hong Kong flu, SARS, etc.), and because the nature of such communicable diseases in a globalized world leads to pandemics, Beijing is correct that cooperation is key to the solution. But no one seems quite...

Waste a Crisis II; Risk-Benefit Analysis

Waste a Crisis II The U.S. Senate came close to a deal on a $2 trillion coronavirus bailout package for the economy before a partisan fight over unemployment benefits got in the way. Eventually there’ll be a deal and there will be lots of goodies in it that are completely unrelated to the...

Virus and Trade

There is a debate over how much the coronavirus experience will impact international trade and globalization. On the one hand, dependence on supply chains that easily get broken and cross-contamination from international travel informs the negative side of the equation. On the other side are al...

energy biofuel

Energy Situation Recap

Ethanol markets continue to be battered on both sides: the COVID19 related demand drop and the Russia-Saudi Arabia price war supply shock. Ethanol values are following corn up and down with all the other gyrations in the market.   Facing a deadline of Tuesday 31 March (which is the en...

Dollar Burden; Drug Burdens

Dollar Burden In response to the coronavirus crisis, the U.S. Federal Reserve has cut interest rates, theoretically lowering the return on the dollar and making it relatively less valuable in the world. Yet its value versus other currencies has been skyrocketing. Dollars are being repatriated f...

livestock

Sorting Through the COVID Policy Responses, Including MFP

As he U.S. enters its second week of lockdowns, emergency declarations, limited commerce, etc., President Trump tweeted this today: WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF. AT THE END OF THE 15 DAY PERIOD, WE WILL MAKE A DECISION AS TO WHICH WAY WE WANT TO GO! The “15 Days...

Coroneconomy; Ukraineland; Cooties

Coroneconomy Forecasting the economic impacts of the coronavirus is a first step toward developing policies to mitigate its negatives. At this juncture, forecasts for the disease’s impact on China’s economy has gone 6 percent in the first quarter to 4.3 percent, then to -5 percent,...

livestock

Cattle on Feed and Red Meat Production

Through yesterday, cattle slaughter was down from the week before. The Choice cutout was up but Select dropped.  Hog slaughter is up this week over last so far. The pork cutout did slide today, pulled down by bellies and loins. Other cuts were steady to higher. Bellies and loins represent...

Crisis End and Economic Revival

WPI asked in its online survey when the coronavirus crisis would subside and most said by this summer (see graph below). Perhaps discouragingly, more than a fifth believe this will still be a problem into next year. Please respond to our latest question – when will the global economy retu...

Policymakers Respond

As with most crises, there are shining stars and black marks. Some complain about the patch quilt of policies being created, while others see method in the madness. At the macro-level, economist John Cochrane notes that it “is not like shutting down and turning on a light bulb. It's more...

biofuel energy

Liquid Fuels Relief Request

The Renewable Fuels Association yesterday requested “equitable” relief for the “liquid fuel industries” given the coronavirus and the Russian/Saudi crude oil price war. In a statement, RFA noted:  While the policy response to turbulence in the energy markets has so...

Viral Opinion; Opposing Views

Viral Opinion A YouGov/Economist survey found that Democrats are much more likely than Republicans to be extremely concerned about the coronavirus. This started a twitter food fight over which party is dumber – the answer is they both are wrong. Affective polarization or negative feelings...

Global Deterioration

On the one hand, no country has greater experience with epidemics than China (Asian flu, Hong Kong flu, SARS, etc.), and because the nature of such communicable diseases in a globalized world leads to pandemics, Beijing is correct that cooperation is key to the solution. But no one seems quite...

Waste a Crisis II; Risk-Benefit Analysis

Waste a Crisis II The U.S. Senate came close to a deal on a $2 trillion coronavirus bailout package for the economy before a partisan fight over unemployment benefits got in the way. Eventually there’ll be a deal and there will be lots of goodies in it that are completely unrelated to the...

Virus and Trade

There is a debate over how much the coronavirus experience will impact international trade and globalization. On the one hand, dependence on supply chains that easily get broken and cross-contamination from international travel informs the negative side of the equation. On the other side are al...

energy biofuel

Energy Situation Recap

Ethanol markets continue to be battered on both sides: the COVID19 related demand drop and the Russia-Saudi Arabia price war supply shock. Ethanol values are following corn up and down with all the other gyrations in the market.   Facing a deadline of Tuesday 31 March (which is the en...

Dollar Burden; Drug Burdens

Dollar Burden In response to the coronavirus crisis, the U.S. Federal Reserve has cut interest rates, theoretically lowering the return on the dollar and making it relatively less valuable in the world. Yet its value versus other currencies has been skyrocketing. Dollars are being repatriated f...

livestock

Sorting Through the COVID Policy Responses, Including MFP

As he U.S. enters its second week of lockdowns, emergency declarations, limited commerce, etc., President Trump tweeted this today: WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF. AT THE END OF THE 15 DAY PERIOD, WE WILL MAKE A DECISION AS TO WHICH WAY WE WANT TO GO! The “15 Days...

Coroneconomy; Ukraineland; Cooties

Coroneconomy Forecasting the economic impacts of the coronavirus is a first step toward developing policies to mitigate its negatives. At this juncture, forecasts for the disease’s impact on China’s economy has gone 6 percent in the first quarter to 4.3 percent, then to -5 percent,...

livestock

Cattle on Feed and Red Meat Production

Through yesterday, cattle slaughter was down from the week before. The Choice cutout was up but Select dropped.  Hog slaughter is up this week over last so far. The pork cutout did slide today, pulled down by bellies and loins. Other cuts were steady to higher. Bellies and loins represent...

Crisis End and Economic Revival

WPI asked in its online survey when the coronavirus crisis would subside and most said by this summer (see graph below). Perhaps discouragingly, more than a fifth believe this will still be a problem into next year. Please respond to our latest question – when will the global economy retu...

Policymakers Respond

As with most crises, there are shining stars and black marks. Some complain about the patch quilt of policies being created, while others see method in the madness. At the macro-level, economist John Cochrane notes that it “is not like shutting down and turning on a light bulb. It's more...

biofuel energy

Liquid Fuels Relief Request

The Renewable Fuels Association yesterday requested “equitable” relief for the “liquid fuel industries” given the coronavirus and the Russian/Saudi crude oil price war. In a statement, RFA noted:  While the policy response to turbulence in the energy markets has so...

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