New Zealand unveiled a proposed new planning system the government says will make it easier to build homes, develop farms and create vital infrastructure that will underpin future economic growth https://t.co/Qse5YxyFvU ...

Oppenheimer Asset Management’s John Stoltzfus expects the S&P 500 to rally 18% next year, becoming the most optimistic forecaster among those tracked by Bloomberg for a third year running. The strategist expects the benchmark to trade around 8,100 points by end-2026 on the back of robust economic growth and monetary policy easing. His bullishness proved prescient this year, too, with the S&P 500 now about 3% away from his end-2025 target. Most Read from Bloomberg “We remain positive on stocks and regard ...

German industrial production rose much more than anticipated, a strong sign that the economy will return to growth in the final quarter of 2025. https://t.co/uzFuzQYtgq ...

Myanmar’s economic growth remains constrained due to weak domestic demand, labor shortages and frequent power outages, with the nation only seeing moderate signs of recovery in the first half of the current fiscal year, the World Bank says https://t.co/DeqYxY9fOG ...

Economic Overview - Nepal's 31 million inhabitants have an average annual income of less than $2,000 [1] - Nepal's GDP is approximately $40 billion per year [1] - Nepal's GDP has grown at an average annual rate of over 4% in the last 10 years [2] - Nepal experienced 4.2% economic growth in the last decade [2] Inequality Trends - Nepal's Gini coefficient has fallen over the past two decades, suggesting a shrinking gap between rich and poor [2] Social Perceptions - There's a changing perception of wealth, highlighted by discussions around "Nepo babies" and the experiences of affluent individuals [3]

Summary of Key Points from the Conference Call Industry Overview: China Economic Activity Indicators - All four China PMIs (NBS manufacturing, NBS non-manufacturing, RatingDog manufacturing, and RatingDog Services) reported soft activity for November, indicating a slowdown in economic activity [1][1][1] - The new export orders sub-index increased across all PMIs, suggesting that the export slowdown observed in October was likely temporary. A rebound in export growth is expected from -1.1% year-over-year in October to +5.0% in November [1][1][1] - The output price sub-index also rose in all PMIs, although profit margins remain under pressure due to higher input prices compared to output prices [1][1][1] - Both NBS and RatingDog manufacturing PMIs indicated a decrease in finished goods inventory, signaling inventory destocking in November [1][1][1] PBOC's Pledged Supplementary Lending (PSL) - The PBOC's PSL balance increased by RMB 25 billion in November, marking the first increase since March 2024. This modest rise may be part of the funding for a RMB 500 billion "new financing instrument" aimed at infrastructure projects [2][2][2] - Historically, PSL has funded various initiatives, including shantytown redevelopment and infrastructure projects, indicating a potential for increased policy support to counteract weak domestic private demand [2][2][2] Upcoming Policy Meetings - The upcoming Politburo meeting and Central Economic Work Conference (CEWC) are expected to address growth targets and budget for 2026. Policymakers are likely to express concerns about growth challenges, particularly in the property sector, and emphasize measures to boost domestic demand [8][8][8] - The growth target for 2026 is anticipated to remain at "around 5%," necessitating an acceleration in growth from Q4 to Q1 [8][8][8] - Recent discussions with clients indicate low expectations for the outcomes of these meetings [8][8][8] Additional Insights - The report emphasizes that investors should consider the information as one of many factors in their investment decisions, highlighting the importance of a comprehensive analysis [2][2][2]

Capitalism's Evolution and Crisis - Capitalism has adapted through various models, including laissez-faire (1.0), Keynesianism (2.0), and Thatcher-Reagan era (3.0), each with its own strengths and weaknesses [3][6][7][8] - The model in force until 2008 crisis has perished, and a new model (Capitalism 4.0) is yet to take shape with clarity [5][6] - Markets signal to politicians when a model has ceased to work, as seen with the Great Crash, the inflation of the 1970s, and the 2008 crisis [10] Challenges to Contemporary Capitalism - Over-intervention by governments to minimize pain for markets and investors has ruined capitalism [14] - The expansion of the state, the culture of bailouts, and regulations undermine capitalism by entrenching incumbents and socializing losses [15][16][17] - Concentration of power in a few companies dominating the S&P 500 is a perversion of capitalism [17] - Productivity growth is falling off due to the loss of dynamism in capitalism, with constant state support hindering new entrants [18][19] Disillusionment and Alternatives - Approximately 70% of Americans believe they are unlikely to be better off than their parents, violating the American capitalist dream [21] - Many young people in America are disillusioned with the current form of capitalism and prefer socialism [22][23] Financialization and Liquidity Concerns - The degree of liquidity and financialization in the markets is seen as a problem by many capitalists [24] - Liquification and financialization of the economy have eliminated judgment and trust, leading to a version of capitalism that may not be better than socialism or communism [26]

The French economy will likely achieve growth of at least 0.8% in 2025, slightly ahead of the government’s 0.7% forecast, Finance Minister Roland Lescure said https://t.co/C7ktsXK3Zo ...

Economic Indicators - ADP's latest monthly jobs report indicates a loss of 32,000 jobs in the private sector for November, complicating the understanding of job market health due to a government shutdown affecting BLS reporting [1] - Traditional economic indicators present conflicting narratives; while GDP and consumer spending are up, employment estimates show job losses, raising questions about the economy's actual performance [2][4] - A revision of second-quarter GDP growth saw an increase to 3.8% from a previously reported 3.3%, marking a significant recovery from a -0.6% growth in the first quarter [3] Consumer Sentiment - A Fannie Mae survey revealed that 67% of consumers believe the economy is "on the wrong track," reflecting a growing pessimism about economic conditions [9] - Pew Research Center reported that 74% of U.S. adults view the economy as "fair/poor," with 42% attributing their negative outlook to rising prices and personal expenses [10][11] Spending Patterns - Research indicates that the top 10% of earners account for nearly 50% of all consumer spending, while the bottom 80% are only keeping pace with inflation, suggesting a potential vulnerability in consumer spending if high earners reduce their expenditures [8]

India’s growth momentum is set to continue, and the government expects the economy to expand by at least 7% in the financial year through March, Finance Minister Nirmala Sitharaman said https://t.co/0tkv4AzkUL ...