FTSE 100 closes ahead as US jobs miss boosts shares
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775
FTSE 100 closes up at 7,129
Flight prices to Portugal jump 10-fold
US adds 266,000 jobs instead of 1mln
5.10pm: FTSE closes ahead
FTSE 100 closed Friday ahead as Wall Street headed north too as the big miss on the US monthly jobs number convinced traders the US central bank wouldn t change direction any time soon.
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775.
The Dogecoin Rally
Tesla (NASDAQ:TSLA) and
Dogecoin (CRYPTO:DOGE) this year tell us about the current, bizarre market environment? Consider a few points. To begin with, there s
Elon Musk s involvement with both, as CEO/ Technoking of Tesla and pumper of Dogecoin.
Late Tuesday night, Elon Musk to a break from his responsibilities as Tesla Technoking, CEO/CTO of SpaceX, and Saturday Night Live guest host to listen in to a Twitter Spaces conversation about Dogecoin.
The next day, Dogecoin surpassed
Bitcoin (CRYPTO:BTC) as the most heavily traded crypto coin, with $19.4 billion of it trading over the previous 24 hours.
SNYDER: Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s
If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then. In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country. In 2021, we don’t have a shortage of gasoline, but shortages of other key products are starting to cause very serious problems. In fact, as you will see below, even the Biden administration is publicly admitting that there will be “supply chain disruptions” in the months ahead. The 1970s also featured extremely painful inflation, and I certainly don’t need to tell you that prices have been rising very aggressively lately. In fact, Bloomberg is using the term “skyrocketing” to describe the “upward trajectory” of commodity prices…
If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then. In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country. In 2021, we don’t have a shortage of gasoline, but shortages of other key products are starting to cause very serious problems. In fact, as you will see below, even the Biden administration is publicly admitting that there will be “supply chain disruptions” in the months ahead. The 1970s also featured extremely painful inflation, and I certainly don’t need to tell you that prices have been rising very aggressively lately. In fact, Bloomberg is using the term “skyrocketing” to describe the “upward trajectory” of commodity prices…
double digits by Q1 2022. One of the premises is that monetary authorities have no way out of this rabbit hole and are constrained by the risk of severely disrupting financial markets in an asset dependent economy.
Recall our view that deflation/inflation is a corner solution and
Wall Street’s “Goldilocks” scenario is still just a marketing gimmick. Deflation as markets try to move back to mean valuations – a lot lower – or inflation, and lots of it.
19/n
What this simulation tells us is that we should see a very, very sharp increase in US inflation in the coming months and inflation could be heading above 12% by the end of the year.