About 40 percent of U.S. households have experienced serious financial problems over the past few months and 69 percent of families with elementary school-aged children say their child has fallen behind due to the COVID-19 outbreak. The survey—which included 3,6000 adults and was conducted in the late summer—found that Latino and black households reported the...
Author: user (UserName LastName)
Post
ONLY CRYPTOPLORABLES HAVE USE FOR BITCOIN, SAYS NATIONAL REVIEW
Cryptos, like bank transactions of 600 dollars or more, are basically all about criminal activity. That sums up the uniparty take of a 12 October National Review column by Steve Hanke and Matt Sekerke. Titled “How Innovative Is Crypto?”, the piece attempts to dissuade benighted average crypto users of the evidence of their own lying...
Post
STAGFLATION WORRYING INVESTORS? WATCH OUT FOR DRAGFLATION!
U.S. equity markets keep rising this year, but prices have been gyrating more and more quickly in recent trading as investors have been spooked by September’s abysmal jobs report, relentlessly rising prices, and shortages of key goods that could last for months. But those worries of hard facts and solid data are soon forgotten as...
Post
MARKET OVERVIEW
Concerns that rising COVID cases and increasing inflation would derail corporate profits are not showing up in the numbers. The U.S. Stock markets rode the roller coaster back up last week, powered by banks’ heady earnings reports to close their best weekly showing in months. Investors also were cheered by September’s 0.7 percent rise in...
Post
ETFs’ RETURNS DEPEND INCREASINGLY ON CHINA’S PERFORMANCE
Exchange-traded funds (ETFs) focused on U.S. stocks have a hidden vulnerability: as much as 25 percent of the revenues of the U.S. companies the funds own are dependent on China’s economic performance, according to a Bank of America (BoA) analysis. “What happens in China doesn’t stay in China,” the report said, noting that Beijing’s crackdown...
Post
INVEST IN CHINA DESPITE EVERGRANDE RECKONING?
Wall Street firms have brushed aside concerns about recent upheaval in China—including the crackdown on businesses by the Chinese Communist Party—and see the country as a good bet. The New York Times reported that BlackRock, the largest asset manager on the planet, recommended that investors increase their exposure to China while bankers from J.P. Morgan and...
Post
SPOTLIGHT: INFLATION SPREADS
SUPPLY CHAIN CLOG COMPLICATIONS Snarls in global supply chains are due, in part, to different areas of the world addressing the latest round of COVID infections at different rates, The Wall Street Journal reported. In the West, vaccination campaigns are well under way; countries and companies have emerged from shutdowns or cutbacks and need materials...
Post
SPOTLIGHT: THE “BIGS” KEEP GETTING BIGGER
PRIVATE EQUITY FIRMS OFFER SKY-HIGH PRICES FOR BUYOUTS Private equity firms are bidding for acquisitions with offers that are the highest this century, in some cases offering 70 percent above share prices in effect before bidding began, the Financial Times reported. This year, takeover companies have bid an average of 45 percent above prevailing share...