Page 8 - Stephens Roach News Today

In an era of mounting social and political instability in the United States, internet-enabled connectivity is powerfully amplifying an increasingly polarized national discourse. The resulting vulnerability was brought into painfully sharp focus on January 6.

Economist Stephen Roach says the US economys V-shaped recovery is in tatters and the dollar could crash 20% this year hrobertson@businessinsider.com (Harry Robertson) © Provided by Business Insider Yale economist Stephen Roach was pessimistic about the US economy in an interview with CNBC Mark Lennihan/AP The US economys V-shaped recovery is "in tatters",  due to rising coronavirus cases and new restrictions, according to Yale economist and former Morgan Stanley Asia chair S...

The pandemic’s long economic shadow Jan 03,2021 - Last updated at Jan 03,2021 NEW HAVEN — The outlook for economic and financial markets hinges on the interplay between two cycles, the COVID-19 cycle and the business cycle. Notwithstanding the true miracles of modern science that we are now witnessing, the post-pandemic economy is in need of more than just a vaccine. Extraordinary damage was done by last spring’s lockdown. Now, a second and more horrific wave of the coronavirus is at hand...

Weekly jobless claims rise less than expected, but hold above 800,000 (SPY +0.3%). Coronavirus crippled U.S. auto sales in 2020 and US incomes and consumer spending declined. Here is the current market situation from CNN Money European markets are mixed today. The CAC 40 is up 1.36% while the DAX gains 0.70%. The FTSE 100 is off 0.06%. What Is Moving the Markets Here are the headlines moving the markets. Three Energy Stocks Set To Win Big In 2021 The energy sector has been one of the hardest...