24 January 2023
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." ― Adam Smith
Welcome to the Economic Surplus, the newsletter brought to you by the Marshall Society! We are the University of Cambridge's flagship economics society. Every week, we bring you our bespoke commentary on economic trends, updates on our exclusive members' events as well as a summary of the headlines you can't ignore! You've probably received this email because you were previously subscribed to the Marshall Society's old email list, but if you have been forwarded this by a friend, feel free to subscribe here!
This week’s Marshall Thoughts are written by Jonathan Loke. Read it here, at our Research Analyst team's newest repository of reports and thought-pieces: https://marshallsociety.com/thoughts/uncategorized/accounting-for-the-uk-fiscal-hole/
In Case You Missed it:
EU asks member states for proposals on how to ease state aid rules: https://www.reuters.com/markets/europe/eu-asks-member-states-proposals-how-ease-state-aid-rules-2023-01-13/
Janet Yellen warns US will hit $31.4tn debt ceiling next week: https://www.ft.com/content/d3f91715-8689-4ac7-91bb-2a9b335ccc31
Bank of Japan under pressure over next move as bond yields and yen surge: https://www.ft.com/content/d7862cee-aed0-4af5-9673-08240f066d82
JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts: https://www.cnbc.com/2023/01/12/jpmorgan-chase-shutters-student-financial-aid-website-frank.html
That's it from us for now!
The Marshall Society