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U.S. DEFICIT UP, GOING HIGHER
The U.S. annual budget deficit totaled $625 billion during the first five months of the current federal fiscal year, a 15-percent rise compared to the same period in the previous year. Federal spending was up 9 percent during the period, while government revenue increased 7 percent. The rising deficit has resulted from increased spending on...
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STRANGERS NOT WELCOME
As of yesterday, 27 countries have either completely or mostly shut down their borders. The European Commission has announced plans to ban all non-essential travel for 30 days throughout the entire European market (the Schengen Area). Ursula von de Leven, the Commission President, stated she was asking leaders of all the European countries to impose...
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SCHOOL’S OUT
Nations around the world are closing down schools, despite the fact that of those who have been infected by the virus so far, about 10 percent are in their 20s, 1.2 percent are in their teens, and less than 1 percent are ages nine or less. Yet, as of last weekend, schools were shut around...
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FANNING THE FEAR
In a world of 7.7 billion people, as we go to press, some 7,866 people have died from the coronavirus. In the United States, with a population of 327 million, so far 90 people have died from the virus. According to reports, almost everyone who comes down with virus experiences only mild symptoms such as...
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EMERGING MARKETS
Since the virus outbreak, investment managers seeking to minimize risk have been dumping their holdings of stocks and bonds in emerging economies. Foreign investors have shed $47.1 billion of the instruments since 21 January, twice as much as immediately following the market crash that launched the Great Recession in 2008. TREND FORECAST: Violence and protests...
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