Economic and and financial news and analysis
After the global economic slowdown and the China-U.S. trade war had already weakened Chinese commerce in early 2019, the coronavirus outbreak took right over in 2020 and slashed Chinese international trade even more. In July, the world’s biggest tradin…
Roughly 30 million Americans continue to fear for their livelihood as Congress has yet to find a compromise on extending the weekly supplement to regular unemployment benefits that expired at the end of July. As part of the CARES Act, the Federal Pande…
The death toll from the coronavirus has eased in Europe, but is climbing fast in Brazil. As cases have started growing again in the United States, so have daily death counts. The average number of daily deaths is once again higher in the U.S. than in B…
Uber reported its results for the second quarter on Thursday, beating revenue expectations but also revealing another massive loss. The report also revealed an interesting shift in Uber’s business during a time of massively restricted mobility due to t…
Electric carmaker Tesla reached a market valuation of over $270 billion in August, propelling them over $70 billion more in valuation when compared to top global carmaker Toyota to be the most valuable carmaker in the world. Tesla trailed the Japanese …
On Wednesday, Samsung announced their new 5G smartphones will be released near the end of August, with price tags for the new Galaxy S20 and Galaxy Note 20 starting at $1,000. That’s a $300 price decrease from their flagship smartphones from 2019, and …
The reliance on “good news” narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria.”Markets” that never go down aren’t markets, they’re signaling mechanisms of the Powers That Be. Marke…
Charts
This chart uses IMF estimates to show the countries most burdened by their national debt. Japan has by far the biggest problem, with general government gross debt at 238 percent of its GDP. In fourth place, the economic struggles of Lebanon add an extr…
Reposted with permission of Apartment List. View original post here. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the…
