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London may need to be moved

This letter from Caroline Lucas was in the Guardian yesterday. I am sharing it as she is also a member of the Green New Deal Group, with me: Two chilling reports this week from the World Meteorological Organization and the UN Environment Programme both show that carbon emissions haven’t yet peaked, let alone begun the […]

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Q4 GDP Forecasts: 0.8% to 2.0%

From Goldman Sachs: [W]e lowered our Q4 GDP tracking estimate by one tenth to +2.0% (qoq ar). (qoq ar). [Nov 27 estimate]emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 0.8% for 2019:Q4. [Nov 29 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real […]

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STR: Hotel RevPAR “Upcycle Over”

From Jan Freitag at HotelNewsNow: Consecutive RevPAR dips make it official: Upcycle over Let’s look at what we know: RevPAR has now declined two months in a row—three months in the last year, and four months in the prior 13 months. Because everyone likes a record, we keep counting RevPAR growth months and are now […]