How the midlife crisis for women has gotten worse
Ada Calhoun, who’s written about the financial struggles of middle-aged women today Gilbert King The summer of 2017 was a difficult one for Ada Calhoun. The 41-year old freelance writer watched a bunch of her projects fall through. She racked...
Bets on Fed Cut Surged on China’s Coronavirus Outbreak; Stocks, Yields & Dollar Tumbled
Fear of China’s coronavirus outbreak was the major theme in the global markets last week. At the time of writing, number of confirmed cases were close to 12000. While the majority of the infected in China, the virus has spread...
Goldman reveals it’s no longer special
It took 20 years, but Goldman Sachs finally held an investor day. Was it worth the wait? Financial targets – multi-year targets! – were unveiled, although they were largely a recasting of an earlier promise to drum up an incremental...
Coronavirus: Gauging the Economic Impact
The rapid spread of the new coronavirus has been alarming with the number of confirmed cases in China alone already larger than the total global confirmed cases of SARS, the previous global outbreak, in 2003. On January 30, the World...
Weekly Economic and Financial Commentary: Fed Keeps Rates on Hold as GDP Growth Remains Sturdy
U.S. Review Fed Keeps Rates on Hold as GDP Growth Remains Sturdy Real GDP grew 2.1% on an annualized basis in Q4, in part due to a boost from net exports. Year-to-year, real GDP is up 2.3%. The Fed left...
The Weekly Bottom Line: As One Source of Uncertainty Fades, Another Intensifies
U.S. Highlights The American economy grew by 2.1% in Q4 according to the advance estimate. While growth has been steady around 2% for the past three quarters, the headline masks a softening consumer spending trend, alongside declining investment. The recent...
Forward Guidance: Coronavirus to Overshadow Early‑2020 Data
Next week brings some of the first economic indicators for 2020, though that data is likely to be overshadowed by the growing human and economic impact of the coronavirus outbreak. Very early estimates have suggested China’s Q1 GDP growth could...
Coronavirus, Weaker PPI hitting AUD/USD
Fears of an increase in the contagion of the coronavirus have been causing a selloff in the Australian Dollar across the board. As we have discussed during the US-China trade war, the Australian economy is directly tied to China’s economy. ...
Week Ahead: Coronavirus Continues to Remain Market Focus
Market participants began the week wondering whether China would be able to contain the Coronavirus or if it would spread across the country and to other parts of the world. Markets quickly discovered the answer, and it wasn’t good for...
Markets are putting pressure on the Federal Reserve for at least one rate cut
Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Federal Reserve officials this week affirmed their commitment to staying put on interest rates for the time being, but markets have other...
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