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☆ Decoupling capital flows to China could hurt the U.S., says Morgan Stanley's Stephen Roach
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDecoupling capital flows to China could hurt the U.S., says Morgan Stanley's Stephen RoachStephen Roach, Former Chairman of Morgan Stanley Asia, and David Riedel, President of Riedel Research Group, join 'The Exchange' to discuss Biden's executive order to curb U.S. investment in China, how decoupling from China could hurt the U.S. and China's economy showing fundamental weakness.

Persons: Morgan Stanley's Stephen Roach Stephen Roach, Morgan Stanley Asia, David Riedel Organizations: Riedel Research Locations: China

☆ Analysis: No decoupling, but West and China drift apart
▼ + stars: | 2023-08-08 | by ( Mark John | ) www.reuters.com time to read: +5 min

Containers are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. But underlying trade and investment trends point to an unmistakable long-term drift in commercial ties with the West. Take foreign direct investment - the more forward-looking clue as to where commercial ties between countries are heading. WATCH GERMANYSome, meanwhile, point to the fact that U.S.-China trade - exports and imports of goods combined - hit a record $690 billion last year as evidence that the reality does not match the frosty political rhetoric. Last month's China strategy document unveiled by Chancellor Olaf Scholz's three-way coalition left open exactly how far Berlin would ultimately go in reining in commercial ties.

Persons: Aly, China's, Louise Loo, Stephen Roach, Yale Law School's Paul Tsai, Angela Merkel, Chancellor Olaf Scholz's, Mark Leonard, –, Joe Biden, Loo, Mark John, Christina Fincher Organizations: REUTERS, West, Oxford Economics, Yale Law, Yale Law School's Paul Tsai China Center, Reuters, European Council, Foreign Relations, – Mercedes, Benz, BMW, Volkswagen, BASF –, Oxford, Thomson Locations: Port, Shanghai, China, United States, Europe, GERMANY, Germany, Berlin, reining, Taiwan, U.S

☆ Watch CNBC's full interview with Stephen Roach and David Riedel
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stephen Roach and David RiedelStephen Roach, Former Chairman of Morgan Stanley Asia, and David Riedel, President of Riedel Research Group, join 'The Exchange' to discuss Biden's executive order to curb U.S. investment in China, how decoupling from China could hurt the U.S. and China's economy showing fundamental weakness.

Persons: Stephen Roach, David Riedel Stephen Roach, Morgan Stanley Asia, David Riedel Organizations: Riedel Research Locations: China

☆ Here's everything you need to look for in Friday's July jobs report
▼ + stars: | 2023-08-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The prime-age participation rate, for one, focuses on the 25-to-54 age group cohort. watch now"The durability of this labor market largely comes because we simply don't have the people," said Rachel Sederberg, senior economist for job analytics firm Lightcast. They don't even come close to the Baby Boomers who have left the labor market." Those measures include job data from alternative sources, the job openings count from the Labor Department, and the firm's own employer surveys. The trick, said Lightcast economist Sederberg, is for the labor market to be cooling but not crashing.

Persons: Jeff Greenberg, Jeffrey Roach, Roach, —, Covid, Rachel Sederberg, We've, X, Tom Garretson, Garretson, Goldman Sachs, Goldman, Spencer Hill, Hill, Sederberg, we've Organizations: Miami, Universal, Getty, Federal Reserve, LPL, Baby Boomers, RBC Wealth Management, RBC, Labor Department Locations: Miami Beach , Florida, Normandy Isle, 7ty, U.S

☆ Painting With Light: This Garden Shows How It’s Done
▼ + stars: | 2023-08-02 | by ( Margaret Roach | ) www.nytimes.com time to read: 1 min

Is it time, gardeners, to really see the light? Navigating the sensory journey that is Innisfree Garden in Millbrook, N.Y., opens our eyes to how powerful a force light can be. And not just in making plants grow, or determining which ones are assigned to areas of sun or shade. Innisfree’s creators knew that light, when carefully considered, is among the most compelling design tools, capable of creating dynamic contrasts and establishing navigational clues. The light at Innisfree will move you through the garden — from bright, open spaces to narrower, darker ones — over and again.

Locations: Millbrook, N.Y

☆ The case for a soft landing is slowly but surely building
▼ + stars: | 2023-07-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

It’s not difficult to see why – economic data released this past week points to a cooling but still strong economy. Still, it’s far too soon to assume that a soft landing is in the bag. There’s more economic data slated for release this coming week, and the US labor market is in focus. The Bureau of Labor Statistics’ latest jobs report is due Friday. Friday: Jobs report for July.

Persons: Jerome Powell, ” Powell, ”, Jeffrey Roach, WhatsApp, Catherine Thorbecke WhatsApp, Read, Kraft Heinz, Yum, Kellogg, Jobs Organizations: CNN Business, Bell, CNN, Federal Reserve, Fed, Commerce Department, LPL, Bureau of Labor Statistics, Labor, Survey, ADP, Labor Statistics ’, Community Bank, Caterpillar, Pfizer, Uber, Marriott, Starbucks, PayPal, CVS, Kraft, Brands, DoorDash, Apple, ConocoPhillips, Booking Holdings, Warner Bros

☆ Businesses aren't acting like a recession is coming this year
▼ + stars: | 2023-07-30 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Still, businesses aren't feeling too optimistic, with most still expecting a recession this year. However, big companies are hiring, businesses are expanding, and lots of entrepreneurs are filing to open new startups. This was partly due to consumers spending more and business investment being way up. The main measure of business investment in the GDP report is well above pre-pandemic levels, and shows no signs of slowing down ahead of a hypothetical recession. Businesses also aren't feeling too optimistic according to the National Federation of Independent Business' Small Business Optimism Index.

Persons: —, Gregory Daco, Daco, Jeffrey Roach, Jerome Powell, Powell Organizations: Service, Bureau, Infrastructure Investment, Jobs, US . Entrepreneurs, Economic Innovation Group, Economic, Nationwide, Edelman Data, Intelligence, National Federation of Independent Business, LPL, Federal Reserve, Fed Locations: Wall, Silicon

☆ Replacing Your Lawn? Instead of a Meadow, Consider a Food Forest.
▼ + stars: | 2023-07-26 | by ( Margaret Roach | ) www.nytimes.com time to read: +1 min

Your first taste of a ripe pawpaw or persimmon can leave you hungry for more. That’s why Michael Judd is confident that he can persuade you to make room for several of these trees in your front yard — or even to surrender your lawn altogether. Turning your yard into a meadow or blanketing it in an expanse of alternative ground covers aren’t the only ecologically viable options for replacing conventional grass. Mr. Judd, an edible landscape designer and permaculturist, suggests you consider starting a homegrown food forest instead — perhaps a mix of easy-care, mostly native fruiting trees or shrubs and pollinator-attracting plant companions. But if you’re not ready to go that far, he’s flexible: A narrow strip along the fence line will do.

Persons: Michael Judd, Judd, you’re, ”

☆ The Gatsby of Silicon Alley: Meet the 27-year-old Google employee who's throwing tech's hottest parties
▼ + stars: | 2023-07-25 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +12 min

Despite throwing events attended by thousands, Andrew Yeung has never made a cent off his parties. They've all gathered at the personal invitation of a 27-year-old Google product lead named Andrew Yeung. The terms of his visa stipulate that he can only derive income from his day job at Google. And there was nothing bigger in his father's mind than a tech job in the United States. It was the first Andrew Yeung party.

Persons: Andrew Yeung, techies, who's, Yeung, revelers, He's, hasn't, he's, Connor Roach, Benjamin Franklin, Yeung doesn't, Cliff Lerner, it's, Melissa Glazar, Lior Cole, I've, Cole, Glazar, Lerner, Keyser, didn't, Connor Roach Yeung, Monica, Sunny Yeung, Andrew, Sunny, he'd, Andrew doesn't, It's Organizations: Junto, Google, Cornell, CCP, Yeung's, Party, SXSW, The University of Toronto, Facebook, Art Basel, of Homeland Security Locations: Brooklyn, Belarusian, cabanas, Gowanus, New York, Austin, Miami, LA, phoniness, Silicon Valley, San Francisco, Hong Kong, United States, Central Park, Basel, Canada, Toronto

☆ Former Morgan Stanley Asia Chairman on China's deflationary worries
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley Asia Chairman on China's deflationary worriesStephen Roach, Former Morgan Stanley Asia Chairman and a Senior Fellow at Yale Law School, discusses China's recent economic data and the outlook for U.S.-China relations.

Persons: Former Morgan Stanley, China's deflationary, Stephen Roach, Morgan Stanley Organizations: Former, Former Morgan Stanley Asia, Morgan Stanley Asia, Yale Law School Locations: China

☆ US inflation outlook brightening; consumer sentiment near two-year high
▼ + stars: | 2023-07-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Data for May was revised to show import prices declining 0.4% instead of the previously reported 0.6%. Though consumer inflation remains above the Fed's 2% target, the pace of increase has slowed sharply since peaking in June 2022, giving consumers some relief. INFLATION EXPECTATIONS ANCHOREDThough the survey's inflation expectations increased this month, that was probably because most consumers were interviewed before the release of June's consumer price index report. "Import prices are subtracting from the pernicious trend of the goods inflation Americans have been paying." There were decreases in the cost of nonagricultural industrial supplies and materials as well as food, which canceled out rises in prices for capital goods, consumer goods and motor vehicles.

Persons: Jeffrey Roach, Joanne Hsu, Shannon Seery, Christopher Rupkey, Lucia Mutikani, Christina Fincher, Paul Simao Organizations: Federal Reserve, LPL Financial, Reuters, University of Michigan, University of Michigan's, Consumers, Treasury, Labor, Thomson Locations: WASHINGTON, U.S, Charlotte , North Carolina, Wells, New York, United States, China

☆ US producer inflation muted; labor market still tight
▼ + stars: | 2023-07-13 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

That was the smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. CORE INFLATION SLOWINGExcluding the volatile food and energy components, the so-called core goods prices fell 0.2% last month after climbing 0.1% in May. In the 12 months through June, the core PPI advanced 2.6%. That was the smallest year-on-year gain since February 2021 and followed a 2.8% increase in May. While inflation is slowing, the labor market remains tight.

Persons: Bill Adams, Jeffrey Roach, Christopher Rupkey, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: PPI, Labor Department, Federal Reserve, Comerica Bank, Reuters, Financial, Services, Wholesale, Fed, Energy, LPL Financial, Treasury, CPI, Thomson Locations: WASHINGTON, U.S, Dallas, Charlotte , North Carolina, Stocks, New York

☆ Why a Tiny Trough Garden Always Attracts an Audience
▼ + stars: | 2023-07-12 | by ( Margaret Roach | ) www.nytimes.com time to read: +1 min

These diminutive stars can be seen spilling out of pockets in a 35-foot-long rock retaining wall, in the gravel bed above it and, of course, in troughs and more troughs. Selling tiny plants may not be the mainstay of the business, “but it’s one cachet cow,” Ms. Chips joked. The nursery, in a bucolic setting that feels like an old garden, attracts a clientele that includes beginning gardeners and connoisseurs who come for the carefully curated selection and the depth of staff expertise. Ms. Spingarn built and planted the rock wall in the 1970s. The two were longtime employees of the previous owner, Mr. Duguid said, and aim to continue the nursery’s traditions.

Persons: Oliver, Chips, It’s, Oliver DNA, John Oliver, Eleanor Spingarn, Spingarn, Jed Duguid, Will Hibbs, Duguid Organizations: Oliver Nurseries, Rock Garden Society Locations: Connecticut

☆ FOREX Dollar gains after Fed minutes reinforce rate hike expectations
▼ + stars: | 2023-07-05 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

Fed funds futures showed expectations of a 25 basis point hike at the end of a two-day policy meeting on July 26 rose to 88.7%, according to CME Group's FedWatch Tool. The dollar index , which measures the U.S. currency against a basket of six others, including the euro and Japan's yen, rose 0.262% . The Fed will likely increase rates in July after the hawkish pause last month baring any surprises, said Jeffrey Roach, chief economist for LPL Financial. The dollar rose to around 144.48 yen, but was still below the 145 threshold that prompted intervention by Japanese authorities last autumn. The dollar-yen rate has broadly moved in sync with the U.S. 10-year Treasury yield , which rose to 3.9375% after the Fed minutes were released.

Persons: Dado Ruvic, baring, Jeffrey Roach, Roach, Joe Manimbo, Shusuke Yamada, Herbert Lash, Amanda Cooper, Kevin Buckland, Marguerita Choy, Mark Heinrich Our Organizations: REUTERS, U.S, Federal, LPL Financial, Labor Department, Treasury, Bank of America, Ministry, Finance, People's Bank of China, Thomson Locations: U.S, Washington, Tokyo, Beijing, London

☆ Formal Landscaping With Native Plants? Yes, It’s Possible.
▼ + stars: | 2023-07-05 | by ( Margaret Roach | ) www.nytimes.com time to read: 1 min

The task facing anyone designing a garden: “We’re predicting the future — we’re seeing what’s not there.”That’s how Ethan Kauffman, the director (and lead soothsayer) of Stoneleigh, a public garden that opened five years ago on a historic estate in Villanova, Pa., puts it. The thing is, garden-makers also have to see what is there. In the case of the 42-acre Stoneleigh, that included seven acres of pachysandra, when Mr. Kauffman first saw the property almost seven years ago. In any context, a sea of what was once a go-to ground cover — which proved to be one of ornamental horticulture’s ubiquitous legacy invasives — would be overwhelming. But Mr. Kauffman, the former director of Moore Farms Botanical Garden, in South Carolina, was hired to fulfill a mission that makes it even more challenging.

Persons: what’s, Ethan Kauffman, Kauffman Organizations: Moore Locations: Villanova, Pa, South Carolina

☆ In ‘The Horror of Dolores Roach,’ the Empanadas Are to Die For
▼ + stars: | 2023-07-05 | by ( Erik Piepenburg | ) www.nytimes.com time to read: +1 min

It does the same for cannibalism, though there was nothing like that on the schedule as far as I knew. But we had all day to talk about eating people. First, empanadas. I drooled a little watching Machado and Mark take bites of the face-sized empanadas, which were perfectly golden brown, bubbly in the right spots and oozy, not greasy. They were tasty, Machado said, but she was partial to the chicken-and-cheese pastelillos, fried turnovers similar to empanadas, that her Puerto Rican mother used to make.

Persons: Justina Machado, Aaron Mark, Dolores Roach, ”, Mark, Machado, carne, Jane, Virgin Organizations: Broadway Locations: Washington Heights, Manhattan, Empanadas, Puerto Rican

☆ Key Fed inflation measure shows prices rose just 0.3% in May
▼ + stars: | 2023-06-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Inflation pressures eased slightly in May as consumer spending slowed considerably, according to a Commerce Department report released Friday. When including the volatile food and energy components, inflation was considerably softer — up just 0.1% on the month and 3.8% from a year ago. While inflation pulled back a bit, spending rose just 0.1% for the month, below the 0.2% estimate and a sharp drop from the 0.6% increase in April. That came as goods prices decreased 0.1% while services rose 0.3%. Energy prices fell 3.9% while food prices were up just 0.1%.

Persons: Dow Jones, Jeffrey Roach, Jerome Powell, Raphael Bostic Organizations: Commerce Department, Federal Reserve, LPL, Atlanta Fed, Traders, Fed, Commerce Department's

☆ More Clematis, Please: How to Make Those Flowers Last All Season
▼ + stars: | 2023-06-28 | by ( Margaret Roach | ) www.nytimes.com time to read: +1 min

It’s hard to imagine that the aphorism warning about too much of a good thing could ever apply to Clematis, whose charming flowers and mostly lightweight climbing vines make them irresistible. Mr. Long has amassed a collection of more than 400 kinds of Clematis. He is quick to note, however, that you don’t need a collection the size of his to achieve a season-long Clematis display: It’s within reach of every garden. But it does require a strategic choice of varieties, based on staggered bloom times. You also have to master what Mr. Long calls the “refreshing techniques” that can coax maximum flowering.

Persons: Dan Long, . Long, Long Locations: Athens, Ga

☆ So Your Plant Is Sick? Here’s How to Get a Diagnosis.
▼ + stars: | 2023-06-21 | by ( Margaret Roach | ) www.nytimes.com time to read: +1 min

Take the orange-and-black insects that were sitting on curled viburnum leaves and about to be exterminated. “That’s why we included a whole section of beneficials on the website,” Dr. Sadof said. The person in charge knew they were conifers, and therefore assumed that if they were alive, they would be evergreen — but dawn redwoods are among the few deciduous conifers. The key, these scientists agree, lies in cultivating our curiosity about what’s going on — even the nasty-looking stuff. “If you go in there with this attitude of ‘yuck,’” Dr. Beckerman said, “that’s the kryptonite of curiosity.”

Persons: “, ”, Sadof, Beckerman, ‘, ’

☆ Despite recent good news, many on Wall Street still see a recession coming
▼ + stars: | 2023-06-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Despite some recent positive signs for the U.S. economy, the Wall Street consensus is holding out belief that a recession is lurking. Still, LPL doesn't see "another 2008" even though "investors should anticipate some volatility as the economic outlook remains cloudy." However, Wall Street persists in worries that the central bank will not be able to engineer its hoped-for soft landing. "Optimism around a soft landing [is] growing with the rally in equities and strong labor market," Horneman said. "We believe the chance of a soft landing is unlikely."

Persons: Jeffrey Roach, Lawrence Gillum, Roach, Gillum, LPL, BlackRock, DBRS Morningstar, Michael Heydt, Jerome Powell, Megan Horneman, Horneman Organizations: LPL, Fed, of Michigan, Atlanta, Wall, Investment, BlackRock, ECB, Wednesday, Financial Services Committee, Verdence Capital Advisors Locations: U.S

☆ U.S. and China failing to restart military relations, says Yale University's Stephen Roach
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. and China failing to restart military relations, says Yale University's Stephen RoachStephen Roach, former chairman of Morgan Stanley Asia and currently a senior fellow at Yale University, joins 'The Exchange' to discuss the economic outlook for China, China's interest rate cuts and infrastructure spending, and the lack of a breakthrough in U.S.- China military relations.

Persons: Yale University's Stephen Roach Stephen Roach, Morgan Stanley Asia Organizations: U.S, Yale University Locations: China, U.S

☆ Watch CNBC's full interview with fmr. Morgan Stanley Asia Chairman Stephen Roach
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with fmr. Morgan Stanley Asia Chairman Stephen RoachStephen Roach, Former Morgan Stanley Asia chairman, joins 'Closing Bell Overtime', to discuss what is happening in the Chinese economy, U.S.-China relations, and unemployment in the country.

Persons: fmr, Morgan Stanley, Stephen Roach Stephen Roach Locations: U.S, China

☆ 'China's gonna hold a tough line' when it comes to the U.S., says Yale's Stephen Roach
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'China's gonna hold a tough line' when it comes to the U.S., says Yale's Stephen RoachStephen Roach, Former Morgan Stanley Asia chairman, joins 'Closing Bell Overtime', to discuss what is happening in the Chinese economy, U.S.-China relations, and youth unemployment in the country.

Persons: Yale's Stephen Roach Stephen Roach, Morgan Stanley Locations: U.S, China

☆ Gardening Is Hard Work. Music Can Help.
▼ + stars: | 2023-06-14 | by ( Margaret Roach | ) www.nytimes.com time to read: 1 min

Stoked by the energy of Brown and Green, my garden took root some 35 years ago. It was James and Al who accompanied me throughout its formative stages, always there as I wielded a boombox and case of cassettes alongside my long-handled shovel and loppers. What is a garden, really, but a real-life version of the hit track from James Brown’s 1970 “Sex Machine” album, pulsing with the actual birds and bees? This is motivational music at its best. Brown and Green kept me moving — if not dancing, exactly — shod in my first pair of proper gardening boots, which were, serendipitously, brown and green.

Persons: Brown, James, Al, James Brown’s, Green

☆ Inflation rose at a 4% annual rate in May, the lowest in 2 years
▼ + stars: | 2023-06-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

So-called core inflation rose 0.4% on the month and was still up 5.3% from a year ago, indicating that while price pressures have eased somewhat, consumers are still under fire. The inflation rate cooled in May to its lowest annual rate in more than two years, likely taking pressure off the Federal Reserve to continue raising interest rates, the Labor Department reported Tuesday. Food prices rose just 0.2%. Average hourly earnings adjusted for inflation rose 0.3% on the month, the Bureau of Labor Statistics said in a separate release. The consumer price index report featured a growing discrepancy between the core and headline numbers.

Persons: Dow, Jeffrey Roach, hasn't Organizations: Federal Reserve, Labor Department, Dow Jones, Stock, LPL, of Labor Statistics, BLS Locations: U.S

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