Spot Gold 2625 US 2 Year Yield 4.21 -0.16
Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
Jesse Lauriston Livermore.
Little need for my input this morning. The news items speak loudly for themselves.
I think Trump trade war two, if actually implemented, along with massive firing of Federal “workers,” plus deporting thousands, if not hundred of thousands of illegal US immigrants, will greatly destabilise the US and global economies.
Without illegal farm workers, how will California’s agricultural economy survive? Without CA’s agricultural produce, how high will US food prices rise.
With tariffs on Mexico’s agriculture exports to the USA, how high will US food price inflation get?
Get ready for and prepare for, Great Depression 2.0.
Trump vows an additional 10% tariff on China, 25%
tariffs on Canada and Mexico
Published Mon, Nov 25 2024 7:33 PM EST
BEIJING — President-elect Donald Trump plans to raise
tariffs by an additional 10% on all Chinese goods coming into the U.S.,
according to a post on his social media platform Truth Social.
The post immediately followed one in
which Trump said his first of “many” executive orders on Jan. 20 would impose
tariffs of 25% on all products from Mexico and Canada. Such a move would end a
regional free trade agreement.
Trump is set to be inaugurated as
the next U.S. president on Jan. 20. He cited illegal immigration and illicit
drug trade as reasons for the tariffs.
“I have had many talks with China
about the massive amounts of drugs, in particular Fentanyl, being sent into the
United States – But to no avail,” Trump said. He claimed that
contrary to promises, Beijing did not impose the death penalty on such drug
dealers.
Fentanyl, a synthetic opioid, is an
addictive drug that’s led to tens of thousands of overdose deaths each year in
the U.S.
Reducing illicit supplies of the
drug, precursors of which are mostly produced in China and Mexico, has been an
area in which Washington and Beijing have agreed
to cooperate.
“No one will win a trade war or a
tariff war,” Liu Pengyu, a spokesperson for China’s embassy in the U.S., said
on X. He described bilateral economic and trade cooperation as “mutually
beneficial in nature.”
Liu pushed back on Trump’s claim
that China has done little to stem the flow of fentanyl to the U.S. He said
that both countries’ counternarcotics teams have regularly communicated since
Chinese President Xi Jinping met with U.S. President Joe Biden in November
2023.
“Drugs are pouring into our Country,
mostly through Mexico, at levels never seen before,” Trump said. “Until such
time as they stop, we will be charging China an additional 10% Tariff, above
any additional Tariffs, on all of their many products coming into the United
States of America.”
Trump had threatened tariffs of 60%
on Chinese goods while campaigning for president.
A 10% tariff on China is lower than
the 20% to 30% that markets expected, Kinger Lau, chief China equity strategist
at Goldman Sachs, said Tuesday on CNBC’s “Squawk Box Asia.” He
expects China will cut rates, increase fiscal stimulus and moderately
depreciate its currency in order to counter the economic impact of increased
duties.
Mexico is the largest trading partner of the U.S.,
followed by Canada and China, according to U.S. data as of September.
The U.S. is China’s largest trading
partner on a single country basis, according to China customs data. The Asian
country’s largest regional trading partners are the Association of Southeast
Asian Nations and the European Union.
China and the U.S. still have a
“really important commercial and economic relationship,” Andy Rothman,
investment strategist at Matthews Asia, told CNBC’s “Street Signs Asia” on
Tuesday. He said that China is unlikely to take reciprocal action for now, and
noted that Beijing has not typically responded aggressively.
The U.S. dollar traded about 1%
stronger versus the Mexican peso, and 1.4% higher against the Canadian dollar
as of Tuesday morning. The greenback climbed around 0.2% against the Hong
Kong-traded Chinese yuan.
Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico
In stock casino news, a USA v Rest of the World developing split?
Asia-Pacific markets trade mixed
after U.S. stocks hit new highs overnight
Updated Tue, Nov 26 2024 12:32 AM
EST
Asia-Pacific markets traded mixed
Tuesday, breaking ranks with Wall Street that saw U.S. benchmarks notching
record highs following President-elect Donald Trump’s choice for Treasury
secretary.
Australia’s S&P/ASX 200 fell 0.68%,
after hitting
a new all-time closing high on Monday.
Japan’s Nikkei 225 shed 1.49%, while
the Topix lost 1.5%. Japan’s service PPI rose 2.9% year on year, compared
to a 2.8% rise the previous month.
The Kospi slid 0.71% and the
Kosdaq lost 0.9%.
Hong Kong’s Hang Seng Index traded 0.49%
higher, while mainland China’s CSI 300 added 0.34%.
Singapore’s manufacturing output
rose 1.2% year on year, missing Reuters’ expectations of a 2.2% rise, according
to LSEG data. The figure compares to a 9.8% increase in September.
In the U.S., a rally in stocks
propelled the Dow Jones Industrial Average, S&P 500, and the Russell 2000
index to reach new highs on Monday as investors cheered Trump’s decision
to nominate Scott Bessent, the founder of Key Square Group.
The blue-chip Dow rose 440.06
points, or 0.99%, to 44,736.57. The broad S&P 500 gained 0.3% to end at
5,987.37. Both hit new all-time highs in the session, while the Dow also
notched a fresh record close. The Nasdaq Composite ticked up
0.27%, finishing the day at 19,054.84.
Asia markets live: Japan service PPI, Singapore manufacturing
In other news.
Eurozone 'panic' as euro risks plummeting amid
trade war fears
25 November 2024
The euro could crash to its lowest value since late 2022 as
fears mount Donald Trump will impose brutal
import tariffs on European Union imports when he takes office in January.
The bloc's currency has shown some jittery
signs in response to the President-elect's pledges on international trade, with
the euro sinking below $1.04 against the dollar on Friday,
the Guardian reports.
There are fears the value of the currency
could plummet further to level-pegging with the US dollar if Mr Trump's feared
economic protectionist policy becomes a reality.
Brussels is worried Washington will hit EU
goods heading to the US with a tariff of at least 10 percent next year which
could seriously harm manufacturing economies such as Germany, the richest
nation on the continent.
European Commission President Ursula von
der Leyen announced a bid to placate the incoming President Trump by announcing
Europe could start importing liquefied natural gas from the US instead of from
Russia.
Mr Trump has mooted the idea of a 10
percent to 20 percent levy on European goods, and a huge 60 percent to 100
percent tariff on imports coming from China,
sparking global jitters in the markets.
However, some analysts are seeing Mr
Trump's choice of Treasury Secretary, Scott Bessent, as a potential moderating
influence on any extreme trade tactics.
Mr Bessent, 62, a billionaire hedge-fund
manager, has spent his career in finance and his nomination has been one of the
most anticipated by financial markets in recent days.
----Stephen Innex, from SPI Asset
Management said: "Bessent's influence is expected to bring nuanced
economic strategies to the forefront, potentially easing concerns over abrupt
policy shifts."
Ivan Rogers, the former British ambassador
to the EU, said that Britain has to make a choice between the EU and the US in
the coming months when it comes to international trade focus.
More
Eurozone 'panic' as euro risks plummeting amid trade war fears
Thyssenkrupp to cut 11,000 jobs at steel division
in major corporate shakeup
25 November 2024
BERLIN (Reuters) -Thyssenkrupp Steel
Europe (TKSE) plans to reduce its workforce by 11,000 people or roughly 40%,
the company said on Monday, the latest major restructuring to be announced by a
German industrial giant.
Germany's largest steelmaker, a division
of Thyssenkrupp AG, is under pressure from cheaper Asian competitors, high
power prices and a weakening global economy, leading to operating losses in
four of the past five years.
Thyssenkrupp will cut 5,000 jobs by 2030
and an additional 6,000 jobs through the sale of business activities or
transfer to external service providers, it said.
"Urgent measures are required to
improve Thyssenkrupp Steel's own productivity and operating efficiency and to
achieve a competitive cost level," the company said in a statement.
The new strategy also foresees the
reduction of production capacity from 11.5 million metric tons to a future
shipment target of 8.7 to 9 million tons, "an adjustment to future market
expectations", TKSE said.
Its processing site in Kreuztal-Eichen is
to be closed, the company said.
The sale of its plant in Duisburg,
Huettenwerke Krupp Mannesmann, is also a key part of the planned capacity
reduction, but if a sale is not achievable, it will hold talks with other
shareholders about closure scenarios, the company said.
"Anyone who wants to cut over 11,000
jobs and close a site must expect fierce resistance from IG Metall," said
Knut Giesler, head of the IG Metall union in the western state of North Rhine
Westphalia.
Other big German companies are also
considering shutting down factories. Last week, workers and management at
carmaker Volkswagen held a third round of crunch talks over pay cuts and
possible factory shutdowns in Germany.
Earlier this month, Thyssenkrupp wrote
down the value of its steel division by another 1 billion euros ($1.1 billion),
blaming the sector's worsening outlook.
TKSE is now valued at 2.4 billion euros in
the group's books, less than half what it was worth two years ago as the
prospects for Europe's biggest economy continue to darken.
Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup
Italy's UniCredit offers to buy Banco BPM for
$10.57 bln
By Reuters November 25, 20246:50 AM GMT
Nov 25 (Reuters) - Italian lender
UniCredit (CRDI.MI), opens
new tab said
on Monday it had offered to buy rival Banco BPM (BAMI.MI), opens
new tab in
a roughly 10.09-billion-euro ($10.57 billion) all-stock deal that would combine
Italy's second and third largest banks and expand their pan-European presence.
UniCredit, the country's second-largest
bank, offered 0.175 of its common stock for each BPM share, which equates to
6.67 euros per share, a premium of about 0.4% to the stock's closing price on
Friday.
"Europe needs stronger, bigger banks
to help it develop its economy and help it compete against the other major
economic blocs," UniCredit CEO Andrea Orcel said in a statement.
BPM did not immediately respond to a
Reuters request for comment.
Earlier in November, BPM bought a 5% stake
in state-owned Monte dei Paschi di Siena (MPS) (BMPS.MI), opens
new tab and
also launched a buyout offer to gain full
control of asset manager Anima Holding (ANIM.MI), opens
new tab in
a deal worth up to 1.6 billion euros ($1.7 billion).
BPM's shares have risen about 5.3% since
the close on Nov. 6, before it announced its offer for Anima.
UniCredit said it had taken note of BPM's
offer for Anima and that its offer is independent of its investment in German
lender Commerzbank AG (CBKG.DE), opens
new tab.
The lender said it expects the BPM deal to
add to its earnings per share in the high single digit range within two years
following the settlement of the exchange offer.
Italy's UniCredit offers to buy Banco BPM for $10.57 bln | Reuters
Finally,
poor GB, the voters got taken-in hook,
line and sinker by the far left, inept, Labour socialists. Voters remorse in less than five months.
Labour’s
Budget will ‘hit growth’, CBI boss warns
Monday
25 November 2024 6:00 am
The
government’s tax hikes will squeeze profits, damage investment and “hit
growth”, according to the chief executive of the Confederation of British
Industry (CBI).
In
a speech set to be delivered at the CBI’s annual conference later today,
Newton-Smith will warn about the devastating impact of the Budget on businesses
across the country.
“The
rise in National Insurance and the stark lowering of the threshold caught us
all off guard,” she will say.
“Set
alongside the expansion and rise of the National Living Wage… and the potential
cost of the Employment Rights Bill changes, they put a heavy burden on
business.”
“[Firms]
are looking with heavy hearts to cut training and investment, delay
decarbonisation projects, or pass on costs to customers,” she is expected to
say.
The
additional costs placed on businesses will hit profit, ultimately lowering
investment and stifling economic growth, she will say.
“Profits
aren’t just extra money for companies to stuff in a pillowcase. Profits are
investment. When you hit profits, you hit competitiveness, you hit investment.
You hit growth.”
She
will argue that business is the “one force” that can help the government
achieve its ambition to achieve the highest sustained
growth rate in the G7.
“Tax
rises like this must never again simply be done to business”.
In
last month’s Budget, the government announced tax rises worth £40bn, including
an increase to employers’ national insurance and changes to the threshold at
which the levy must be paid.
Over
the past few weeks, many firms from many different sectors have cautioned about
the likely consequences of the tax hike on jobs and investment. Analysis from
Deutsche Bank suggests the could end up costing the economy over 100,000 jobs.
The
speech comes amid growing fears that the Budget has already stymied growth in
the UK. The latest
purchasing managers’ index (PMI), released last Friday, showed that
business activity contracted in November for the first time in a year.
Many
economists put the blame on the Budget tax hikes. “The fall in the Composite
PMI suggests that tax hikes announced in the Budget seem to have restrained
some private sector activity,” Elias Hilmer, an assistant economist at Capital
Economics, said.
Separate retail
sales figures for
October, which were also released on Friday, came in below expectations as
well, with sales volumes falling 0.9 per cent month-on-month.
More
Labour's Budget will 'hit growth', CBI boss warns
Whether
UK General Election could be called as petition reaches 1.9 million signatures
in less than four days
Published 16:29
25 Nov 2024 GMT
About
two million people have signed this thing, what does it mean?
A
petition to try and get the UK to hold another general election has gained over
two million signatures in just a few days.
We
did just have a general election a few months ago in which the Labour
party won a landslide in terms of the seats in the House of Commons, though
some people have decided they would like another one sooner rather than later.
The
election result was not particularly surprising for most people but the new government, the first time
Labour have been in power in the UK since
2010, has been beset by a number of issues.
About
five months into the job, the new government has had to figure out to plug a
financial black hole of billions of quid, deal
with destructive riots, face a backlash over ending the winter fuel
allowance for some pensioners, introduce
a new budget and just had a protest from farmers unhappy that
they might
have to start paying inheritance tax.
It's
safe to say there wasn't exactly a long honeymoon period for this lot, and now
the most popular petition currently going on the government's site is asking
for a new general election.
On
the government's website for petitions, there's one titled 'Call A General
Election'.
The
aim of the petition, which was started by a man called Michael Westwood
who told the Daily Express he thinks voters have been
'betrayed' by Labour, is to have another vote and presumably get a different
government since if you were happy with the current one you'd be unlikely to
sign the petition.
On
the site, the petition says: "I would like there to be another general
election. I believe the current Labour Government have gone back on the
promises they laid out in the lead up to the last election."
More
Global Inflation/Stagflation/Recession Watch.
Given
our Magic Money Tree central banksters and our spendthrift politicians,
inflation now needs an entire section of its own.
Musk and Ramaswamy race to build a ‘DOGE’ team for war with Washington
November 24, 2024
Elon Musk and Vivek Ramaswamy are
interviewing job candidates and seeking advice from experts in Washington and
Silicon Valley — pushing a sweeping vision for the “Department of Government
Efficiency” past the realm of memes and viral posts into potential real-world
disruption.
Tapped by President-elect Donald Trump to
lead an advisory panel to find “drastic” cuts to the federal government, the
billionaire “DOGE” leaders have spent the past week in Washington and at
Mar-a-Lago, seeking staff and interviewing seasoned Washington operators, legal
specialists and top tech leaders, according to five people familiar with the
matter, who spoke on the condition of anonymity to reflect private
deliberations.
Both lobbied for Russell Vought, Trump’s
pick to run the White House budget office, who is close with Ramaswamy, several
people said. The men see Vought, who is enthusiastic about their arguments to
rely on an expansive and boundary-pushing view of executive power to reform the
government, as a key potential ally.
Top Musk surrogates from his business
empire — including private equity executive Antonio Gracias and Boring Company
President Steve Davis — are involved in planning, the people said, along with a
coterie of Musk friends and Silicon Valley leaders, including Palantir
co-founder and investor Joe Lonsdale, who funds a libertarian-leaning nonprofit
dedicated to government efficiency; investor Marc Andreessen; hedge fund
manager Bill Ackman; and former Uber chief executive Travis Kalanick.
Ramaswamy, Musk and the Silicon Valley cohort plan to work on technical
challenges to collecting data about federal employees and programs, which they
believe is siloed in antiquated systems. Andreessen is acting as a key
networker for talent recruitment, one person said. Those executives did not
immediately return requests for comment.
In
a Wall Street Journal op-ed, Musk and Ramaswamy, a former GOP presidential
candidate, outlined their vision for using executive powers and the legal
system to push cuts to federal regulations, spending and personnel — a vision
that they expect to be tested in court. The men also are launching a podcast,
called “Dogecast.” And they backed a new House subcommittee aimed at
supplementing their efforts in Congress, where some Republicans have
enthusiastically welcomed their initiative.
More
Musk and Ramaswamy race to build a ‘DOGE’ team for war with Washington
If Inflation Is Back, Protecting Against It Won’t
Be Simple
November 25, 2024
With a strong economy and an incoming
president promising tax cuts and tariffs, investors and economists are rightly
worrying that inflation might make a comeback. Unfortunately, one of the
standard ways to guard against it—buying commodities, especially oil—offers
less protection than usual.
The twin inflation risks are well
understood: Supply shocks and demand surges. War in the Middle East has the
potential to threaten energy supplies, while tax cuts into an economy with
near-full employment ought to lift prices.
The extra threats to inflation don’t fit
either model, though. Tariffs and deportations would both be likely to push up
inflation, but would also hit the economy. “Commodities won’t protect you from
that,” says Christian Mueller-Glissmann, head of asset allocation research at
Goldman Sachs.
The problem has shown up already in price
moves since the election. The market measure of expected inflation over the
next five years, known as the breakeven, had its biggest jump in more than a
year after the result, having already risen as traders bet on Donald Trump
winning.
Yet, gold, oil and copper are all down.
Have they lost their ability to protect against inflation? To answer this,
think about three different causes of inflation.
First, oil. Clearly, oil will still
protect against one of the most common causes of runaway inflation: a soaring
oil price resulting from strikes on oil facilities in the Middle East. Yet,
that has become much less likely. Shocks to world oil supply are being damped
by large stocks and excess production capacity, as well as by the U.S.’s status
as a net exporter, a sharp change compared with the inflationary era of the
1970s. Far from soaring as Israel stepped up its fight with Iran’s proxies and
Iran itself, crude is stuck around $70 a barrel.
President-elect Trump’s pledge to “drill,
baby, drill” and his selection of a fracking executive as nominee for energy
secretary and oil prices suggest downward pressure on prices in the U.S., too.
----- Third, Trump’s tariff and migrant-deportation
plans. Both could increase inflation.
Tariffs have nuanced effects on inflation.
The immediate impact is to raise prices, much like a sales tax, as well as
pushing up the dollar. In the longer run, they should slow the economy—again,
like a tax rise—which should reduce inflationary pressure. The mixed effects
show up in higher expectations for inflation in the near term, but little
change in inflation expectations beyond the next five years.
This sort of action is hard to protect
against. Tariffs shouldn’t help oil and industrial metals, and might hurt them
as trade wars threaten a weaker world economy and so less demand. Gold could
also struggle as tariffs will push up the dollar, tending to weaken the gold
price and make interest-rate cuts less likely.
If the new administration manages to
remove many millions of migrants who entered the country illegally it would
surely push up wages for the worst-paid as companies compete to replace
low-cost workers. Since the poor tend to spend all their income, that ought to
boost spending and feed through to prices both as companies try to make up for
their higher costs and from the extra demand the higher spending creates.
Again, this is the wrong sort of inflation for oil or copper.
More
If Inflation Is Back, Protecting Against It Won’t Be Simple
Covid-19 Corner
This section will continue until it becomes unneeded.
Mounting research shows that COVID-19 leaves its mark on the brain, including significant drops in IQ scores
24
November 2024
From
the very early days of the pandemic, brain
fog emerged
as a significant health condition that many experience after COVID-19.
Brain
fog is a colloquial term that describes a state of mental sluggishness or lack
of clarity and haziness that makes it difficult to concentrate, remember things
and think clearly.
Fast-forward
four years and there is now abundant evidence that being infected with
SARS-CoV-2 – the virus that causes COVID-19 – can affect brain
health in many ways.
In
addition to brain fog, COVID-19 can lead to an array of
problems,
including headaches, seizure disorders, strokes, sleep problems, and tingling
and paralysis of the nerves, as well as several mental
health disorders.
A
large and growing body of evidence amassed throughout the pandemic details the
many ways that COVID-19
leaves an indelible mark on the brain. But the specific pathways by which
the virus does so are still being elucidated, and curative treatments are
nonexistent.
Now,
two 2024 studies published in the New England Journal of Medicine shed further
light on the profound
toll of COVID-19 on cognitive health.
I
am a physician
scientist,
and I have been devoted to studying long
COVID since
early patient reports about this condition – even before the term “long COVID”
was coined. I have testified before the U.S. Senate as an
expert witness on long COVID and have published
extensively on
this topic.
How
COVID-19 leaves its mark on the brain
Here
are some of the most important studies to date documenting how COVID-19 affects
brain health:
·
Large
epidemiological analyses showed that people who had COVID-19 were at an increased risk of
cognitive deficits,
such as memory problems.
·
Imaging
studies done in people before and after their COVID-19 infections show shrinkage of brain
volume and altered
brain structure after infection.
·
A
study of people with mild to moderate COVID-19 showed significant prolonged
inflammation of the brain and changes that are
commensurate with seven years of brain aging.
·
Severe
COVID-19 that requires hospitalization or intensive care may result in
cognitive deficits and other brain damage that are equivalent to 20
years of aging.
·
Laboratory
experiments in human and mouse brain organoids designed to
emulate changes in the human brain showed that SARS-CoV-2 infection triggers
the fusion of brain
cells.
This effectively short-circuits brain electrical activity and compromises
function.
·
Autopsy
studies of people who had severe COVID-19 but died months later from other
causes showed that the virus was
still present in brain tissue. This provides evidence that contrary to
its name, SARS-CoV-2 is not only a respiratory virus, but it can also enter the
brain in some individuals. But whether the persistence of the virus in brain
tissue is driving some of the brain problems seen in people who have had
COVID-19 is not yet clear.
·
Studies
show that even when the virus is mild and exclusively confined to the lungs, it
can still provoke inflammation in the brain and impair brain
cells’ ability to regenerate.
·
COVID-19
can also disrupt
the blood brain barrier, the shield that protects the nervous system – which
is the control and command center of our bodies – making it “leaky.” Studies
using imaging to assess the brains of people hospitalized with COVID-19 showed
disrupted or leaky blood brain barriers in those who experienced brain fog.
·
A
large preliminary analysis pooling together data from 11 studies encompassing
almost 1 million people with COVID-19 and more than 6 million uninfected
individuals showed that COVID-19 increased
the risk of development of new-onset dementia in people older than 60 years
of age.
More
Technology
Update.
With events happening fast in the
development of solar power and graphene, among other things, I’ve added this
section. Updates as they get reported.
Moving
graphene from the lab to fab – how 2D materials could transform everyday
electronics
25
November 2024
Graphene
has lived up to its promise in the lab. Now, EU-funded researchers are working
on supporting its wider adoption in high-end electronics, photonics and
sensors.
By
Anthony King
Dr
Inge Asselberghs has been closely involved in advanced graphene research over
the past decade. Today, she’s at the forefront of EU-funded efforts to bring
this “miracle material” out of the lab and into society.
Asselberghs
is part of an international team of researchers that set up a prototype
manufacturing facility for graphene and other 2D materials at Imec, a leading
global nanoelectronics research institute based in Leuven, Belgium.
The
team pools expertise from 11 universities, research institutes and companies in
six European countries as part of the EU-funded 2D experimental pilot line
(2D-EPL). Their aim is to advance the production and integration of graphene in
prototypes for use in high-end electronics, photonics and sensors.
Graphene
has the potential to fundamentally transform many areas of technology.
Consisting of just a single layer of carbon atoms, it is extremely thin.
Graphene
is exceptionally strong, light and flexible, and able to conduct both heat and
electricity. This makes it highly adaptable for a wide range of products, from
next-generation batteries to advanced aeronautic and space applications.
“The
hype started as soon as graphene was discovered. It was much stronger than
initially anticipated,” said Asselberghs.
Recognising
the economic potential of graphene and other 2D materials, the EU launched the
10-year Graphene Flagship initiative in 2013, bringing together 178 academic
and industrial partners with a budget of €1 billion to boost research in this
area. 2D-EPL is part of this wide-ranging initiative.
The
aim of the experimental pilot line, set up in multiple locations, was to
accelerate the use of graphene and other layered materials in the manufacture
of new prototypes for electronics, photonics, sensors and optoelectronics. This
will be a crucial step before 2D materials can be integrated into full-scale
chip manufacturing.
“Our
first goal was to figure out how to make graphene devices on a wafer scale by
modifying existing processes so that they can be handled in automated
fabrication facilities,” said Asselberghs.
Wafers
are thin round slices of material for use in electronics and other industries.
Reaching the stage where graphene can be routinely included in sophisticated
devices would be a major milestone.
One
drawback is that the thinness of graphene and other 2D materials can make them
tricky to manufacture flawlessly. It takes only a speck of dust, or even a few
unwanted molecules, to cause defects in graphene.
More
Next, the
world global debt clock. Nations debts to GDP compared.
World Debt
Clocks (usdebtclock.org)
Near
the top of the market, investors are extraordinarily optimistic because they've
seen mostly higher prices for a year or two. The sell-offs witnessed during
that span were usually brief. Even when they were severe, the market bounced
back quickly and always rose to loftier levels. At the top, optimism is king,
speculation is running wild, stocks carry high price/earnings ratios, and
liquidity has evaporated. A small rise in interest rates can easily be the
catalyst for triggering a bear market at that point.
Martin
Zweig.
No comments:
Post a Comment