World Perspectives

Recent Macroeconomics Analysis

Double Exposure; New Old Era

Double Exposure In a concept paper yesterday at the WTO, the U.S. outlined its lessons from the pandemic in terms of a more resilient planet. Notably missing from the report was any mention of the TRIPS agreement hindering vaccinations against disease. The reason for its absence is the mounting...

livestock

Methane and Climate Policies Ag Focus before U.N. Climate Meeting

There was a lot of activity last week in preparation for the upcoming United Nations climate meeting to be held in Glasgow, including a new U.S.-EU methane reduction agreement outline and a discussion among the G20 ag ministers about climate and ag policies. First, on Saturday, the U.S. and EU...

Biden Buckles; Future-casting Politics

Biden Buckles Much the way Donald Trump’s threat to end NAFTA united Congressional Republicans and Democrats in support of the USMCA, China has managed to flip President Biden’s view toward the CPTPP. Yesterday, the White House conceded that it was open to discussing joining the Com...

Proposed Taxes to Pay for the Reconciliation Bill

As we wrote yesterday, while the House Agriculture Committee finished its version of the reconciliation bill, the House Ways and Means Committee is working it its portion. Late yesterday, an outline of tax changes to pay for the reconciliation bill was released, which confirmed that the propose...

Sino-American Similarities; Business Flips; Cost of Dependency

Sino-American Similarities While China and the U.S. are in a competitive battle both strategically and economically, there are many similarities between the two countries. The rich are the target of Chinese President Xi Jinping’s campaign for “common prosperity” and the goal o...

Pandemic "Food Crisis"

Politico interviewed 11 leaders in U.S. agriculture and determined that based on the pandemic, the food system is not ready for prime time. The thrust of the article is the need to crisis-proof the food system, as if pandemics happen all the time. For example, one observation is the need to sto...

Making Big Better; Papering Over/Jawboning; Policy; Powerfully Wrong

Making Big Better The Biden Administration claims that big is bad and that it wants to elevate competition, including by funneling cash to small meat processors. President Biden also wants to compel 80 million unvaccinated Americans to receive a jab and has ordered all companies with 100 or mor...

Knuckleheads; Non-Chemical Substitutes; Profound Revolution

Knuckleheads Aides to President Joe Biden charged U.S. meat packers with profiting off the pandemic and said they are going to “crack down on illegal price fixing.” The Administration had earlier said it would provide $500 million to expand meat packing capacity even though the cons...

Specious on Trade; Weighing COVID and Biden

Specious on Trade When asked what it would take for the U.S. to re-engage in trade agreements like the CTTPP, USDA Secretary Tom Vilsack said, “So, I think first and foremost we have to build a strong foundation domestically, where people feel more confident in our economy. That’s w...

Budget Reconciliation versus Farm Bill

The Biden Administration and Congressional Democrats’ $3.5 trillion budget reconciliation package has $135 billion slated for the Agriculture Committees to spend via those panels’ reconciliation instructions. Reconciliation is a process where the usually non-binding federal budget r...

energy

It is all Relative

The inflating costs of energy has some policymakers concerned about its impact on the economic recovery as consumers redirect their spending obligations. However, it is important to weigh inflation relative to the base cost. For example, energy costs are inflating faster in the U.S. and Canada,...

U.S. Labor Day Holiday

The U.S. will celebrate Labor Day on Monday, 6 September, and the U.S. markets as well as our office will be closed that day. As a result, we will not update the website Monday. Please note that our website analyses and updates will resume 7 September. ...

Double Exposure; New Old Era

Double Exposure In a concept paper yesterday at the WTO, the U.S. outlined its lessons from the pandemic in terms of a more resilient planet. Notably missing from the report was any mention of the TRIPS agreement hindering vaccinations against disease. The reason for its absence is the mounting...

livestock

Methane and Climate Policies Ag Focus before U.N. Climate Meeting

There was a lot of activity last week in preparation for the upcoming United Nations climate meeting to be held in Glasgow, including a new U.S.-EU methane reduction agreement outline and a discussion among the G20 ag ministers about climate and ag policies. First, on Saturday, the U.S. and EU...

Biden Buckles; Future-casting Politics

Biden Buckles Much the way Donald Trump’s threat to end NAFTA united Congressional Republicans and Democrats in support of the USMCA, China has managed to flip President Biden’s view toward the CPTPP. Yesterday, the White House conceded that it was open to discussing joining the Com...

Proposed Taxes to Pay for the Reconciliation Bill

As we wrote yesterday, while the House Agriculture Committee finished its version of the reconciliation bill, the House Ways and Means Committee is working it its portion. Late yesterday, an outline of tax changes to pay for the reconciliation bill was released, which confirmed that the propose...

Sino-American Similarities; Business Flips; Cost of Dependency

Sino-American Similarities While China and the U.S. are in a competitive battle both strategically and economically, there are many similarities between the two countries. The rich are the target of Chinese President Xi Jinping’s campaign for “common prosperity” and the goal o...

Pandemic "Food Crisis"

Politico interviewed 11 leaders in U.S. agriculture and determined that based on the pandemic, the food system is not ready for prime time. The thrust of the article is the need to crisis-proof the food system, as if pandemics happen all the time. For example, one observation is the need to sto...

Making Big Better; Papering Over/Jawboning; Policy; Powerfully Wrong

Making Big Better The Biden Administration claims that big is bad and that it wants to elevate competition, including by funneling cash to small meat processors. President Biden also wants to compel 80 million unvaccinated Americans to receive a jab and has ordered all companies with 100 or mor...

Knuckleheads; Non-Chemical Substitutes; Profound Revolution

Knuckleheads Aides to President Joe Biden charged U.S. meat packers with profiting off the pandemic and said they are going to “crack down on illegal price fixing.” The Administration had earlier said it would provide $500 million to expand meat packing capacity even though the cons...

Specious on Trade; Weighing COVID and Biden

Specious on Trade When asked what it would take for the U.S. to re-engage in trade agreements like the CTTPP, USDA Secretary Tom Vilsack said, “So, I think first and foremost we have to build a strong foundation domestically, where people feel more confident in our economy. That’s w...

Budget Reconciliation versus Farm Bill

The Biden Administration and Congressional Democrats’ $3.5 trillion budget reconciliation package has $135 billion slated for the Agriculture Committees to spend via those panels’ reconciliation instructions. Reconciliation is a process where the usually non-binding federal budget r...

energy

It is all Relative

The inflating costs of energy has some policymakers concerned about its impact on the economic recovery as consumers redirect their spending obligations. However, it is important to weigh inflation relative to the base cost. For example, energy costs are inflating faster in the U.S. and Canada,...

U.S. Labor Day Holiday

The U.S. will celebrate Labor Day on Monday, 6 September, and the U.S. markets as well as our office will be closed that day. As a result, we will not update the website Monday. Please note that our website analyses and updates will resume 7 September. ...

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