Global Macro / Markets / Investing:
- World food price index rises for seventh month running in Dec -FAO – Reuters
- U.S. 10-Year Treasury Yield Hits 1% for First Time Since March Yields started climbing as early returns from the Georgia runoff elections showed better-than-expected results for the Democrats – WSJ
- Elon Musk is now the richest person in the world, passing Jeff Bezos – CNBC
- Corporate insolvencies during COVID-19: keeping calm before the storm – Bruegel
- Cash in circulation is soaring, and that usually means good things for the economy – CNBC
Americas:
- Goldman Sachs predicts faster economic recovery after Democrats sweep Georgia – CNN
- California Has Few Options to Prevent Public Employee Pension Meltdown – Times of San Diego
- 2021 Will Be the Year of Guaranteed Income Experiments – At least 11 U.S. cities are piloting UBI programs to give some of their residents direct cash payments, no strings attached. – Bloomberg
- U.S. labor market recovery faltering; layoffs hit record in 2020 – Reuters
- Corporate Debt ‘Relief’ Is an Economic Dud – Most companies benefiting from the Fed’s bond buys didn’t need the cash, and didn’t spend it well either. – WSJ
- Weekly jobless claims little changed despite signs that hiring is slowing – CNBC
- Country Living Enjoys Renewed Appeal in U.S. – Gallup
- U.S. private payrolls post first decline in eight months as COVID-19 cases skyrocket – Yahoo
Europe:
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