Independent thinking for complex markets and current events
Republicans are feeling spooked by recent special elections losses and underperformances in party strongholds, as the White House ramps up President Trump’s presence on the campaign trail ahead of next year’s midterm elections. On Tuesday, Democrats flipped Miami’s mayoral office for the first time in nearly 30 years and won a conservative-leaning state House district …
Spooked by Inflation, Americans Slash Halloween Spending … byu/Fun_Balance_1809 ineconomicCollapse According to a survey, 59% of Halloween spenders plan to cut back on purchases due to tighter budgets caused by inflation. https://www.allsides.com/news/2024-10-15-0615/general-news-spooked-inflation-americans-slash-halloween-spending
🚨 The markets are spooked. The stink from the deteriorating fundamentals and overleveraged consumers are seeping. The BOJ's rate hike just sped up the process. Now, the markets are beyond spooked, BOJ will raise interest again and it had happened before – a reality check 🧵 — Unicus (@UnicusResearch) August 10, 2024 2. Japan flip-flopped …
China’s economy isn’t in a great place and its currency is floundering. The tumult is sending prices of gold, considered a safe-haven asset, skyrocketing. Spot gold prices have recently hit record highs — above $2,400 an ounce — thanks to global demand on the back of economic and geopolitical uncertainties. Expectations of central bank interest …