Global Letter: Groundhog day in Turkey

Macro Series

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Turkey has once again succumbed to some of its all too familiar failings. Plus ça change, plus c'est la même chose We at Llewellyn Consulting have long argued that some economies behave as if they are prisoners of their own history. There often seems to be something in a country’s collective DNA that encourages it to go down similar paths, make similar policy errors, and endure similar crises over and over again. Reinhart and Rogoff’s magisterial historical analysis of financial trauma, This Time is Different, provides a good deal of chapter and verse on such p
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While America's China watchers furrow their brows over whether the Communist Party wants to "export" its ideology abroad, this story reveals, as if it were a scandal, that a US company operating in China said, "We’re not here to promote American values." https://www.wsj.com/articles/airbnb-executive-resigned-last-year-over-chinese-request-for-more-data-sharing-11605896753

Episodio 30 de La Economia en 3 minutos. Esta semana corta vamos con "Los impustos mas locos del mundo". Desde el viento en Chubut a las tarjeta de Larreta a los 14 impuestos de Alberto, el ingenio argentino no tiene límite. Nos acompañan Beatles y Avicci

https://anchor.fm/andres109/episodes/Los-impuestos-ms-locos-del-mundo-emt2e2

Perú colocó US$ 4000 millones en bonos globales en dólares, incluyendo uno a 100 años:
-2032 ~1,90% (100 puntos básicos de spread).
-2060 ~2,80% (125 sobre el Bono del Tesoro 30).
-2121 ~3,25% (170 sobre el Bono del Tesoro 30).

”我们期待美方监管机构尽快与我方就具体方案开展磋商。“ China securities regulator re-ups calls for starting discussions with US to avoid delisting Chinese companies from US equity markets.

http://finance.people.com.cn/n1/2020/1121/c1004-31939276.html

This story contradicts widespread claims that companies in China cannot refuse government requests for data or that Chinese authorities simply seize the data they want without asking permission. https://www.wsj.com/articles/airbnb-executive-resigned-last-year-over-chinese-request-for-more-data-sharing-11605896753

Life imitates @Shteyngart, again.

https://amp.scmp.com/week-asia/lifestyle-culture/article/3110512/their-american-dream-sours-koreans-us-eye-return-home

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