The Economics Hub Newsletter: Week 9
notable headlines and charts of the week
Happy Sunday!
Welcome to another issue of The Economics Hub Newsletter! I hope you are well.
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Unfortunately, I did not have enough time this week to evaluate research reports, essays, and opinion pieces to present them to you in a simplified manner, as I usually do in my weekly newsletters. But I still managed to glance over some of the important headlines of the week across sectors.
Here’s what we cover this week. As per your interest and convenience, please click on the specific topic to jump directly to that section!
Ready? Let’s dive in!
Economics and Finance
Argentina hikes rate to 69.5% as inflation surges to 30-year high
Tip: In my last week’s newsletter I extensively discussed the imminent economic crisis in Argentina, please have a look!
Easing inflation, robust industrial output signals uptick in growth
India’s trade deficit almost tripled to a record $30 billion in July from a year before
US inflation falls to 8.5% in July but still close to multi-decade high
Inflation Is Sticky, Structural and Hard to Solve. The Party Is Premature
Russia could buy yuan, rupees, Turkish lira for rainy day fund - central bank
Importance of holding through tough economic and business times
ETFs in Europe shed €4.7bn in ‘rare’ consecutive months of outflows
Electric Cars Too Costly for Many, Even With Aid in Climate Bill
Germany must cut gas use by 20% to avoid winter rationing, says regulator
India’s open banking revolution is here, but convenience comes at a price
27 deaths reported in Sierra Leone after protests sparked by rising food and fuel prices
Cash withdrawals in the UK soar as Brits grapple with the rising cost of living
Rakesh Jhunjhunwala, known as ‘India’s Warren Buffett’, dies aged 62
Privacy and Surveillance
Facebook testing end-to-end encryption as a default on Messenger
Don’t get sold cheaply to corporations’ PR stunts, especially when it comes to preserving our privacy. Read this post instead to understand why centralized end-to-end encrypted messaging applications are not as private as you think.
Expanded scope of biometrics collection, storage for Indian police enters into force
Explained: The new Criminal Procedure (Identification) Act and Why it has raised some concerns
Cybercrime a Key Revenue Stream For North Korea's Weapons Program
Cyberattack on Albanian government suggests new Iranian aggression
The privacy wars have escalated by TFTC
Swan Bitcoin Discloses Data Leak Due to Phishing Attack on Newsletter Provider
Cryptocurrency
Russia plans to roll out digital ruble across all banks in 2024
BlackRock launches a private trust to give clients exposure to spot bitcoin
'Welcome to the War on Code': Crypto Twitter Reacts to Arrest of Alleged Tornado Cash Dev
Bitcoin traders still favor new $20K lows as Ethereum hits $2K
Charts of the Week
1. Broadest tightening cycle in history. Per cent of the world's
central banks’ hiking rates are at an all-time high.
2. 10 Years of Global EV Sales
3. Russia Crude Oil Exports by Countries/Regions
4. Global Economic Confidence Trends
5. Meme stocks are back! The Roundhill Meme ETF ($MEM) is up
23% in 10 days, which is its best run since its launch.
6. Commodity and Energy prices have eased in the recent weeks
7. During the last 6 recessions, the S&P 500 has gained an average of 61% from its low by the time the official end of the recession was declared by NBER
8. Evolution of Bitcoin Mining Country Share
That’s all for this week folks, and thank you so much for making it this far! I hope you had lots of takeaways. Please subscribe if you haven’t yet and yes, subscriptions won't cost you a penny. It’s free!
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Have a great week ahead,
Shreyas