Daytrading has been booming during the pandemic. As lots of retail investors also join in, stock prices have been soaring. But in this very risky business it’s easy to lose big. Chelsey Dulaney tried out daytrading for herself.
Soaring debt risk
Authorities need to prepare exit strategy
All economic players ― households, businesses and government ― have recorded a surge in their debt due to the COVID-19 pandemic. This is raising the need for an exit strategy to avoid a debt crisis before it is too late.
According to the Bank of Korea (BOK), outstanding bank loans extended to households reached 988.8 trillion won ($896 billion) as of Dec. 31, up 100 trillion won from the previous year. When loans from non-bank financial firms were included, the sum hit a record 1,682 trillion won last September, and is estimated to grow further to 1,700 trillion won by the end of 2020 when figures are in. Household debt has already emerged as a ticking time bomb.
The unique impact of the coronavirus recession makes a fast recovery possible, but even after the pandemic recedes, the global economy will be facing a myriad of problems
could remove the fed chair, but only for cause, and the courts have said that that means legal misconduct, basic neglect of duties, that is not an argument over monetary policy. you can t fire someone because you don t like that they re going to raise or lower interest rates. this is a delicate time for the fed. in some ways the economy looks great. you have low unemployment numbers. there are signs of jitters, there s an asset bubble in the markets, the housing markets are looking wobbly, so they have a really tough decision to make right now. and the president s really muddying the waters, i have to say. i want to ask you about these fears of a recession. i be woder if it s over blown. the head of this investment group won t do enough damage to push the u.s. economy into a recession. how do you see it? i don t think anyone can say definitively what the trade war is going to do. if we re talking limited tariffs on a few products, maybe not.
much time talking about the stock market and suggesting that that is a measure of health of the economy. at some point that market, probably it s overdue for a correction, and it s going to come down. hopefully that does not, you know, it s not a bursting of the asset bubble and that that doesn t have ramifications for the economy as well too and confidence out there. paul: well, she raised the asset bubble, dan. i want to talk about that. because if you assume that some people have smart economists, as the fed was doing what mary described, it was explicitly to float asset prices, okay? that s happened. all right?ç it didn t help so much the overall economy as much as some people hoped, but asset prices are up here. as the fed normalizes, are asset prices, you know, headed for a fall, a correction? they could be headed for a correction. they could be headed for a decline. i don t think we re going to be headed for asset prices falling off the cliff because the real economy is genu