1036 days ago
Global stock capitalization exceeds $115 trillion
The global stocks capitalization now exceeds the $115 trillion mark as central banks keep pumping money. Where would financial markets be without the support of central banks?
1036 days ago
A booming used-car market could be driving inflation
The cost of used cars and trucks jumped 10% MoM in April and was up 21% compared with a year before. According to the US Bureau of Labor Statistics' CPI, core inflation was 3%. While unusual for a recession, the number of customers who defaulted on vehicle finance and has their car repossessed has decline, and demand for cars has boomed. Used cars and trucks are seeing a CPI slightly above 20%, second on the CPI ranking behind energy CPI at 25%.
1036 days ago
Gold falls from five-month high as investors wait on Fed
Traders should point their attention to a strengthening USD, and Friday's US nonfarm payrolls report for May for more clues on the strength of the labor market and whether growth might spur inflation that could prompt governments and central banks to lighten stimulus. Investors are shifting their focus to inflation from potential tapering risks. The Fed views inflation as transitory which has helped gold prices move northwards.
1036 days ago
Eating meat remains a norm throughout the world
An average of 86% of the surveyed people from 39 different countries said that their diet contained meat. While we may come to think that meat substitutes are gaining ground, most people still have meat in their diet. The lowest average was India with 43% and the second lowest was China... with 75%!
1037 days ago
Debt to GDP ratio for all countries in one image
Japan is the country with the highest debt to GDP ratio, with 257%. The US is currently at 133%, but seems well on a trajectory to join Japan at this pace. Switzerland remains in the green with 45%.
