The economic outlook of cities across the U.S. has been squeezed from business closures due to COVID-19 restrictions. New York City, Los Angeles and Chicago are already seeing record numbers of businesses permanently close their doors, with hundreds of…
Another widely disputed presidential election result in Belarus has led to mass protests against the Lukashenko government which are being described as the largest in the country’s history. In the five elections since his second round victory in 1994, …
Japanese GDP shrank by an annualized 27.8 percent in Q2 of 2020, marking the third consecutive quarter of negative growth and the biggest decline on record. In fact, the Japanese economy has been no stranger to recessions even before the coronavirus ou…
The U.S. and China resumed trade talks last week and are expected to evaluate how the Phase One agreement enacted in February has played out. Since then, the coronavirus pandemic has ravaged the world, making it hard especially for China, to stick to i…
It sure looks like a consolidation. Wouldn’t it be something if it broke down!
Today’s QE.
The longer intermediate cycles say that the market is heading much higher. Shorter cycles point to more limited upside. But the whole shebang is fragile…
Is a so-called “safe haven” losing almost 4% in a single week really a safe haven? Rising yields were a global phenomenon this week.
Markets have rebounded significantly after a tumultuous two months of COVID-19 economic panic in March and April. While top indices like the S&P 500 are just starting to creep into positive territory for the year, large tech companies are sitting prett…
Federal pandemic unemployment benefits of $600 a week ended at the beginning of August, leaving many in the U.S. desperate for an extension or a new form of income. Despite pleas from Americans to extend the insurance due to continued job losses and bu…