08:45 (GMT +3) Switzerland – Unemployment rate 12:00 (GMT +3) Europe – EU economic forecasts 12:00 (GMT +3) UK – BoE MPC Treasury Committee Hearings 17:30 (GMT +3) US – Crude Oil Inventories
Warren Buffett once said that “diversification is a protection against ignorance. It doesn’t make sense if you know what you’re doing. “ Thanks to Apple’s stellar performance, Buffett now owns more than $ 91 billion from the iPhone maker, representing 43% of Berkshire’s total volume, according to figures quoted by Motley Fool. According to the […]
With rising unemployment, jobs have become a major topic of political debate over the economy. The Chancellor of the United Kingdom Sunak has reportedly announced funding of GBP 2 billion for hundreds of thousands of jobs. During the day, we will see the government’s response when Chancellor Rishi Sunak reports on economic progress. The stimulus […]
U.S. stocks fell on Tuesday as rising virus infections raised new fears of a prolonged economic recession, and the broad technology sector failed to repeat its rally on Monday and wiped out its gains in afternoon trading. A new report from the Organization for Economic Co-operation and Development details the risk of the second wave […]
When the Indian government banned 59 applications from China last week following a clash between Chinese and Indian troops on the disputed Himalayan border that killed 20 Indian soldiers, commentators called the Indian government’s response “comical” due to a lack of proportionality. However, the reasons put forward by India – “India’s security, sovereignty, defense and […]
Unemployment rates in the world’s advanced economies will end the year higher than ever after the Great Depression and will not return to their previous levels until 2022 at the earliest, the Organization for Economic Co-operation and Development said on Tuesday. The Paris-based research institute, which serves the United States and 36 other countries, warned […]
At the bottom of the hour, the coronavirus state data will start rolling in. Florida reported 10,059 cases yesterday after a record 11,458 on Saturday. There’s a clear trend for lower results on Mondays due to the weekend testing/reporting effect, so that’s in play. The long-weekend might further skew the data but it could have […]
An inflation model maintained by the Cleveland Federal Reserve puts expected inflation over the next 12 months at 0.49%. This means that the current average return on the national money market in real terms is minus 0.40%. It is a mistake to think that because the yield on the money market is so low, your […]
The world’s most accurate economist says a full US recovery is unlikely before 2022 and warns of stock market adjustments before the end of this year The US economy has a long way to go to recover from the shock of the coronavirus pandemic, and this could weigh on the epic stock market rally, according […]
When the United States broke the gold standard in 1971, its monetary system changed dramatically. Instead of fixing the value of each dollar to a fixed amount of gold, they adopted a floating exchange rate and the nature of the economy changed. Stephanie Kelton, a professor of public policy and economics at Stony Brook University, […]
