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1173 days ago

Millions of U.S workers are still calling out sick or taking leaves of absence due to COVID

Even as unemployment numbers continue to look slightly better, the rate of absenteeism is near record highs. More than 1.9 million people in December alone missed work due to illness, the report notes, nearly matching the 2 million person record set in April, during the early days of the pandemic. The absenteeism rate at major corporations has been averaging about 10% over the last 2 months, the report notes. Some corporations have seen numbers as high as 25%. Source: Bureau of Labor Statistics, www.zerohedge.com  

#Macro
Number of U.S Workers Absent because of illness

1175 days ago

Financials and Tech take largest stakes in MSCI Emerging Markets index and S&P 500

''A December investor survey from RBC Capital Markets, meanwhile, found that emerging-markets stocks, small-capitalization stocks and cyclical stocks were among the top picks for trades expected to outperform in the next six to 12 months.'' -- WSJ

#Stocks #Macro #Technology

1175 days ago

Latin America tops the list of developing nations with highest debt levels

This is the world's worst hit region by the pandemic and it faces one of the hardest and slowest expected economic recoveries. Latin America as a whole houses 8% of the world's population and they have suffered more than a quarter of coronavirus deaths despite lockdowns in Peru and Argentina. Forecasted change in GDP until the end of 2021 is negative around -5%. Debt levels have surged. Source: FT

#Macro
DEBT IN LATIN AMERICA

1175 days ago

Post-election blues hitting US consumer confidence

$2k stimulus checks might help though!

#Macro
Post-election blues hitting US consumer confidence

1175 days ago

Bitcoin, the Mother-of-all-bubbles?

In percentage terms, Bitcoin simply dwarfs other bubbles from the last 45 years with its absolutely towering height. The question remains the same: will it pop, and if so, when? To nuance this, we must also remember that there are $255 trillion assets worldwide, while the entire crypto market represents only $1 trillion. Also, let us not that the Bitcoin does not poses any real threats to the traditional financial system, at least supposedly.

#Macro
Bitcoin, the Mother-of-all-bubbles?
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