The K-shaped recovery has helped the fortunate remain relatively insulated from the pandemic but the financial bubble is set to burst. And none of this even hinges on the complacent pricing around the U.S. election risks.
"... a Biden win means higher taxes and more regulation. That’s bad for the market... we got a small taste Monday of the downside that’s coming in the US stock market."
The Labor Differential improved to 6.6 (jobs are easier to get) - its highest since March - but plans to buy cars and major appliances slumped (homes rose modestly) as expectations for income gains in the next 12 months dropped.
In an economy that is $75 Trillion in debt, requires $5.50 of debt per $1 of growth, and running a $3 Trillion deficit, rates can’t rise much... Which is also why the Federal Reserve is now forever trapped at zero.
CAT "is typically seen as a bellwether for the economy, so analysts looking for hints as to how the recovery from the pandemic is progressing were likely disappointed."
How China can achieve sustainable, balanced and high quality growth in coming years and enter the high income group from the upper middle income group currently is the key long-term question for policymakers in China.
The comparisons to 2020 are remarkable, ranging from uncertainty on how technology might change business, to questions regarding sustainable corporate earnings, and even a sudden rush of retail investors.
central banks will never voluntarily return to a gold standard. But if gold is such a barbarous relic, if gold is a “stupid” investment, then why are the Russians and Chinese stockpiling gold hand over fist? Are they stupid?
The estimated Mineral Resources for Sukhoi Log stand at 1,110 million tonnes, with an average grade of 1.9 g/t Au and containing 67 million ounces of gold as at 31 May 2020
Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to talk through the social, political, and economic ramifications of the various U.S…
Wells' decision to sell its entire student loan business may be confirmation the bank is scrambling ahead of what may be uniform loan forgiveness by the Biden administration.
