Purchasing power parity theory

The phrase “Nothing can be said certain except death and taxes” is attributed to Benjamin Franklin and is widely accepted as true around the world. But in Pakistan, the term taxes can be excluded and replaced by inflation (mehangai in Urdu). Since independence, inflation to varying degrees has been a …

This article is part of the IFF China 2021 Report Globalization is in transition – but there are at least two recent moments in history that we can draw parallels with. After the fall of the Berlin Wall in 1989 and the dismantling of the Soviet Union in 1991, the …

Bloomberg Meme Stocks, SPAC bounce: ‘Reddit raiders are at it again’ (Bloomberg) – Investors are rediscovering their appetite for speculative fringes of the market. and AMC Entertainment Holdings Inc. – the poster children of this year’s Reddit boom – are booming. Interest in special purpose acquisition companies has resumed with …

TipRanks Billionaire Israel Englander Bets On These 2 Penny Stocks Let’s talk about the risk, the reward and the pennies. The three are linked, of course. There is no reward in the stock market without taking some risk – and penny stocks offer investors the optimal combination of the two. …

IT IS hard to overstate the hold of Covid-19 on India. WhatsApp bristles with messages about this or that friend and family member with the virus, while there are angry messages about how the central government has completely failed its citizens. This hospital is running out of beds and this …

Illustration by Paresh nath at Cartoons Cagle. For Ashish Yechury (1986-2021), journalist. It’s hard to overstate the hold COVID-19 has over India. WhatsApp is full of messages about this or that friend and family member sick with the virus, while angry messages about how the central government has completely failed …

– Against Punch / Gwydion M Williams For Ashish Yechury (1986-2021), journalist. IT IS hard to overstate the hold of COVID-19 on India. WhatsApp bristles with messages about this or that friend and family member with the virus, while there are angry messages about how the central government has completely …

A COVID-19 patient receives oxygen in a car provided by a Gurdwara, a Sikh place of worship, in New Delhi, India on Saturday April 24, 2021. The oxygen shortage in India has become so severe that it gurdwara began offering free breathing sessions with shared tanks with patients waiting for …

If the homeownership component of the CPI mirrors the Case-Shiller Home Price Index, the CPI would go up 5.1%! Not to mention the prices of new and used vehicles, which I’m talking about nonetheless. By Wolf Richter for WOLF STREET. The Consumer Price Index jumped 0.6% in March from February, …

The United States “is no longer qualified to speak to us from a position of strength”, sung the imperious senior diplomat of the People’s Republic of China, to US Secretary of State Antony Blinken at a particularly frigid meeting in Anchorage, Alaska. To the credit of Joe Biden’s administration, it …