The U.S. economy grew thanks mainly to consumer spending but it was well below the expected growth level of 8.4% The U.S. economy is now bigger than before the pandemic hit – so why is the Fed still leaving ultra accommodative policies in place? After all – the economy, accordingRead More →
Secondhand vehicle purchases, car, van and truck rental, food, energy, clothing, travel (plane) tickets and hotels rose sharply in June 2021 The cost of living climbed by the largest amount since 2008 as inflation spreads more broadly through the U.S. economy. Transitory inflation? Fresh questions about whether the spike inRead More →
After a weird week for U.S. stocks – the Dow, S&P 500 and Nasdaq yet again notch new records on Friday after losing ground during the week Inflation and growth Do you believe stalling economic growth is a bigger threat than inflation? Right now I have less of an ideaRead More →
The U.K. has one of the highest Covid vaccination rates in the world. Yet it’s seeing a surge in coronavirus cases largely attributed to the new Delta variant that first originated in India. It is widely expected among that where the U.K. treads, others could follow. The U.K. is rushingRead More →
Prospects brighter for global economic recovery The OECD (Organisation for Economic Cooperation and Development) said the world economy is likely to expand by 5.6% in 2021. The figure for the UK is 5.1% followed by 4.7% next year. This significantly brighter outlook reflects the deployment of effective vaccines. Stimulus aidRead More →
Dow and S&P 500 hit new all time highs! U.S. stocks climbed to record highs on Thursday, 11th March 2021 as a rebound in tech shares resumed and President Biden’s massive $1.9 trillion Covid relief package became law. The Dow finished up 188 points after rallying more than 300 pointsRead More →
Tesla share value plummets as tech shares take a hit Since Tesla’s share peak in January 2021, the company has seen its share price plummet by some 33% – and that’s even after buying £1.5 billion Bitcoin to add to the balance sheet. Maybe this is partly why? Irony? There’sRead More →
Dow, Nasdaq and S&P 500 all down yesterday, Thursday 4th March 2021, as bond yields increase, then stabilise later The US 10-year Treasury yield rose close to 1.59% The Nasdaq lost 2.1% to close down at: 12723 as tech stocks were sold. The S&P 500 and Dow were also affectedRead More →
Markets whipsawed overnight as the U.S. – China phase one trade deal came into question. Doubt was cast over the deal after Peter Navarro, trade adviser to President Trump, said the U.S.-China trade deal was over, prompting a sharp fall in stocks. He was quickly forced to retract the statement,Read More →
UK borrowing surges to pay for Covid-19 impact The UK’s debt is now worth more than its economy after the government borrowed a record amount in May 2020. The £55.2 billion was nine times higher than in May 2019 and the highest since records began. The borrowing sent government debtRead More →