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What Unicorn Money-Sinkholes Actually Disrupt, by Wolf Richter

The American start-up finance industry has some serious flaws. From Wolf Richter at wolfstreet.com:

They have accomplished an amazing feat: losing tons of money year after year during the Good Times in what were profitable industries. 1,488 more words

Business

Financial firms' clout wanes after coronavirus-triggered market fall

During the start of the year, private banks alone accounted for a fourth of the index weight.

Financial stocks have had a dominant run in the past decade and a half. 181 more words

Markets

Why the disconnect between the financial markets and the real economy?

U.S economy has been on a downward spiral ever since the Covid 19 moved across the Atlantic. Unemployment claims have never been higher and as of first week of May, 36 million people filed for first time… 1,056 more words

Economics

The Future Of The Dollar

The enduring dominance of the dollar is remarkable—especially given the rise of emerging markets and the relative decline of the U.S. economy, from nearly 40 percent of world GDP in 1960 to just 25 percent today. 48 more words

China

CAN THE 8TH OR 9TH WONDER OF THE WORLD SINK LIKE A TITANIC ?

Like the 7 wonders of the world are susceptible to destruction due to cyclone , earthquake and other natural disasters or human disasters like World Wars etc. 730 more words

Financial Markets

Stocks Surge As Oil Prices Rally

Stocks have their biggest gain in weeks as Wall Street is encouraged by a vaccine prospectvaccine prospect. Many of the world’s economies have begun to loosen restrictions on commerce, the Federal Reserve chair on Sunday signaled that the central bank has more firepower to lend to recovery efforts, and a drugmaker reported positive developments in an early trial of a coronavirus vaccine. 377 more words

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