Re: Dow drops by 1%

ChuChu Rocket wrote:
Sat Aug 06, 2022 12:23 am
Haha yep, but it's almost up again (for now) 😂
Do you think it'll continue to the downside after the retracement?

Don't know, Goldman Sachs were advising their clients so, but who knows.

It's an interesting dilemma, we're facing a recession and high inflation at the same time. The remedy for high inflation is to raise interest rates, the remedy for recession is to lower interest rates. Currently we are raising rates but the Fed must pivot at some point but when? There was money in the markets (stocks, indices) betting sooner rather the later, that money cleared out on the better than expected NFP print which gives the Fed more room.

Re: News Ahead

Just a day after Zelensky complains the EU (Germany) are holding up his latest gifted $8 Billion German newspaper Welt publish story on corruption.

Dagny Taggart
Zelensky is in big trouble, first Amnesty International, now the German mainstream media publishes evidence of a huge corruption and his direct involvement. In my opinion his days are numbered, from “ hero “ to zero .


Meanwhile Natural gas shortages and high price blamed for coming big increases in food prices as chemical manufacturers are foreced to reduce production of compounds needed to produce fertilizer.

''European countries in the near future may be forced to fight with Asian countries for the supply of liquefied natural gas from Russia'' - The Wall Street Journal

Re: News Ahead

Aug 25 GDP-- US

everything in terms of stats Australia is better than USD but it still is worth less than the dollar only because of interest rates
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UK inflation 18% on gas price

Reported that UK inflation may hit 18% on gas price increases this winter.

Shadow Defence Secretary John Healey says those families are being failed by ministers: "Millions of people are deeply fearful of a winter emergency."

Businesses are struggling to afford increases in their energy costs of up to 300%.

Boss of Iceland Richard Walker: "This is critical. The Government must introduce a cap for business energy costs."

And in the US ,

US Natural gas prices rose above $10 per mmBTU for the first time since 2008.

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