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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 economy's 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 economy's V-shaped recovery is "in tatters", due to rising coronavirus cases and new restrictions, according to Yale economist and former Morgan Stanley Asia chair Stephen Roach. Roach said the dollar could drop around 20% this year, thanks to the growing US bu...
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, not dissimilar to the course of the 1918-20 influenza outbreak. In the United States, the adverse ...
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 hit by the Covid-19 pandemic, mostly due to widespread lockdowns and the resultant collapse in fuel...