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Policy Analysis Through the Lens of Phase Transitions

To understand how these fiscal and monetary programs will work to support the economy, we need to first understand the nature of the economic damage the world is experiencing due to the Covid-19 virus and the emergency containment measures being taken.  The US and other economies around the globe have abruptly shifted from a steady-state…

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Phase Transitions and Policy Responses

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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Managing Black Sea Sunflower Oil Price Risk

With the launch of CME Group Black Sea (Platts) Sunflower Oil FOB futures2, physical market participants can now effectively hedge their exposure to volatile sunflower oil world market prices. The main specifications of the contract are: Cash -settled using daily Platts Black Sea sunflower oil physical cash assessment Platts assessments basis Ukrainian raw sunflower oil,…

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Five Ways the Pandemic May Change Behaviors

Just-in-time delivery, which reduces warehousing costs, and the globalization of supply lines helped to drive global growth during the 1990s and 2000s. After the global financial crisis, international trade recovered to previous levels but never expanded much further. The Covid-19 pandemic has highlighted the risks inherent in relying on distant sources of production and not…

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How Oil Prices Impact Agriculture

About the Presenter Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is…

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Market Swings and Evolving Storylines

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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Oil's Supply-Demand Shock

About the Presenter Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is…

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Four Factors Likely to Slow Growth in Dividends

About the Presenter Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is…

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Oil: Global Ramifications of Falling Prices

If Saudi Arabia makes good on its threat to increase production, the economic and geopolitical consequences could be no less profound this time around.  Here is what we think that they might be: A further decline in oil sector capital expenditures in the US with a possible peak in US oil production in H2 2020…

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Permian Basin Oil Production Headed for a Decline?

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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