Charlie Munger's sharp wit turned Berkshire meetings into uproarious affairs. Here's a sample

Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023 (table 1), according to the "second" estimate released by the Bureau of ...

The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for October 2023: table The international ...

Canada's current account deficit (on a seasonally adjusted basis) narrowed to $3.2 billion in the third quarter after recording larger deficits in the first two quarters of 2023. ...

November 1973 was quite a month. President Nixon, just weeks from his impeachment, insisted to a press conference of 400 journalists that he was not a crook. Meanwhile, the Yom Kippur war and the OAPEC oil embargo that followed had triggered an energy crisis. As Henry Kissinger took his ‘shuttle diplomacy’ across the Middle East, the UK government – already mired in labour disputes across the coal and electricity sectors – was forced to declare a state of emergency. It wasn’t all doom and gloom though: an estimated half a billion people watched the wedding of Princess Anne and Mark Phillips; ‘Last of the Summer Wine’ debuted with the now near-unintelligible episode title ‘Short Back and Palais Glide’; and David Cassidy topped the UK charts with ‘The Puppy Song’. With that sort of competition, it is perhaps little wonder that the inaugural meeting of the London Foreign Exchange Joint Standing Committee (or ‘FXJSC’ for short), on 30 November 1973, passed many by. As it turned out, the half century that followed was to be anything but quiet in the world of foreign exchange. In my remarks today, I want to sketch three of the most profound changes in FX markets over that period, of greatest interest to central banks: the role of currencies in macroeconomic frameworks; the huge diversification in the range of market participants, and the trading and settlement technologies they use; and the evolving toolkit needed to maintain safety, soundness and financial post: BOE GOV. BAILEY: EXCHANGE RATES CAN BUFFER AGAINST SHOCKS.

post: FED'S BARKIN: SKEPTICAL FOR BEING ON TRACK FOR 2% INFLATION post: BARKIN: I'M STILL LOOKING TO BE CONVINCED ON INFLATION #News #Markets #BARKIN #INFLATION #live post: BARKIN: NOT WILLING TO TAKE ANOTHER RATE HIKE OFF THE TABLE post: FED'S BARKIN: TALKING ABOUT RATE CUTS IS PREMATURE. post: BARKIN: ONCE WE GET TO 2% INFLATION, WE CAN HAVE A CONVERSATION ON CHANGING THE TARGET #News #Markets #BARKIN #INFLATION #live