Global

Labor Party vows ‘gas prices will come down during first term’

Shadow Foreign Secretary Simon Birmingham says the Labor Party has promised “gas prices will come down during the first term”. “Instead, they predicted a sharp increase in their budget, but did not plan to cope with it,” he told Sky News Australia. “The timing of the first issue, and soon another issue, is really whether

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Noticias de dinero

10yr-3mo Spread and recession term, below

Here is a picture of the spread of terms from 10 years to 3 months in Australia: Figure 1: Australian Treasury spread for 10-3 months, % (blue). The dates of ECRI’s decline from peak to trough are shaded in grey. Source: OECD key economic indicators, ECRI and author’s calculations. The probit model estimates returns for

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Noticias de dinero

Maximum AUROC term spreads as of November 25

In 2019 Fed Economist David Miller conducted a comprehensive assessment of the predictive power of the timing spread for recessions (There is no single best recession predictor). For the period 1984-2018. he found the following: Figure 2: AUROC sample from 1984 to 2018. Miller (2019). For a discussion of AUROC (Area Under Receiver Operating Characteristics

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Global

Abbott celebrates victory over O’Rourke and third term

Greg Abbott delivered a speech in McAllen, Texas on November 8 after defeating Democrat Beto O’Rourke to win a third term as Governor of Texas. The Republican addressed his supporters outside of Quinta Mazatlán, promising them to “work every single day to make money.” [their] trust.” The footage was posted to his Facebook account, where

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Deportes

Britney Griner: Russia rejects appeal to nine-year prison term

Russia has rejected an appeal by US basketball star Britney Griner to her nine-year prison sentence for drug possession. The two-time Olympic champion was convicted in August after e-cigarette cans of cannabis oil were allegedly found in her luggage at Moscow’s Sheremetyevo Airport. She asked the Moscow Regional Court to commute her “traumatic” sentence, but

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