November 11, 2020 – Icarus Signals. The home of economic insight

China to Cut Refinery Run Rate in 2021 Amid Capacity Growth, Tepid Demand

Posted on November 11, 2020 by TeamIcarus | 0 Comments

Singapore — Chinese refineries will likely have to lower utilization rate in 2021 amid growing refining capacity and limited oil product outlets overseas, Han Bing, marketing director at PetroChina's sales…

Real Estate, Pharma Firms among Winners of India’s Coal Mine Auctions

Posted on November 11, 2020 by TeamIcarus | 0 Comments

CHENNAI (Reuters) - Real estate, infrastructure and pharmaceutical companies were among the winners of India's first coal mine auctions open to the private sector without restrictions on end-use, the government…

Moving The Bird Back Into Its (Old) Cage

Posted on November 11, 2020 by TeamIcarus | 0 Comments

The number illusion is a logical fallacy of sorts, an appeal to the authority of what looks like objectivity. You can’t argue with math.

Will Trade Wars Persist After the US Election?

Posted on November 11, 2020 by TeamIcarus | 0 Comments

If re-elected, President Donald Trump would likely double down on China and seek additional concessions through “Phase 2” of their long-awaited, comprehensive trade agreement.

Examining the “Lump of Labor” Fallacy Using a Simple Economic Model

Posted on November 11, 2020 by TeamIcarus | 0 Comments

"Lump" and "labor" are two words that people don't normally put together. However, the "lump of labor" fallacy is evident in many people's thinking. The lump of labor fallacy is…

Pfizer Vaccine Hopes Give Dow 800-Point Shot in the Arm

Posted on November 11, 2020 by TeamIcarus | 0 Comments

NEW YORK -- U.S. stocks rallied Monday but closed well below session highs after drugmakers Pfizer and BioNTech announced preliminary "success" in trials of a COVID-19 vaccine candidate.