Fed Inequality, China IP Crackdown, Canada Rail Strike: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:

• From Bernie Sanders to Warren Buffett, almost everyone says U.S. inequality is a problem. In 2019, big ideas about how to solve it have been in the air. One of the most unlikely solutions is emerging from a far-flung corner of the Federal Reserve
• China said it will raise penalties on violations of intellectual property rights in an attempt to address one of the sticking points in trade talks with the U.S.
• Workers are receiving lay-off notices and chemical companies face shutdowns as the effects of Canada’s largest rail strike in a decade ripples through the economy
• Boris Johnson’s Conservative Party is proposing to spend an extra one pound for every six pledged by Jeremy Corbyn‘s Labour opposition, opening up big divisions over fiscal policy ahead of the Dec. 12 general election.
• German business expectations improved in November, adding to signs the downturn in Europe’s biggest economy may be slowly bottoming out.
• The International Monetary Fund called on Japan’s government and the Bank of Japan to cooperate more in support of the economy as it cut its 2019 growth forecast for the third time this year amid heightened global risks
• After half a decade of negative interest rates, one of the biggest Nordic pension funds is wondering whether this is just the beginning
• Israel’s most contentious interest-rate decision in half a decade is dividing economists at some of the world’s biggest banks
• It’s a big week for the U.S. consumer, and not just because of the annual retail extravaganza of Black Friday. Here’s our weekly wrap of what’s going on in the world economy in the coming days

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

©2019 Bloomberg L.P.