That it would be premature to speculate on that possibility. That seems to be one of the factors driving the market today. That theositive news market believes it is going to get on the vaccine. That is why we are seeing the s p up. 6 . We have the euro trading higher. The dollar continues to move lower. We will talk more about bonds as well. Is the bund overvalued . Lets get back to that subject of the coronavirus pandemic. Many European Countries continue to report a surge in cases. Is the Bloomberg Intelligence director of research. We are starting to see a pickup in a number of cases around europe. Has europe missed his opportunity to control the virus . Many people were lauding it for having been able to do so. You have seen rules loosened over the summer we have seen rules loosened over the summer and cases are climbing back. Surprised. Ot if the authorities in charge are when we loosened the restrictions, when bars and clubs opened with very likely people who cannot control thei
Dollar is mostly higher against some of these currencies. The kiwi and the aussie which were the early outperformers seem to be also moving some ground. The aussie certainly has had a relentless rally. Take a look at what has been driving the sentiment here today. The likes of oil. After six straight weeks of gains, this rally seems to be taking a bit of a pause. You take a look at brent, still hovering around 42, 41. New york crude around 39. 52. We are watching the likes of the u. S. Tenyear. We have surged to a high on the jobs report for friday. We are backing off from the fed when they take the stage later this week. The yield curve is one of the steepest in three years. Expect it to steepen further from here. Chinas trade surplus surged to a record in may as exports fell left and inspected. Helped by an increase in medical related sales per lets get more on this story from selina wang in beijing. What is the context between the trade surplus . The numbers were much better than th
This is the report day 17 of the big walk down and the chorus as the saying goes when the going gets tough the tough make kaito cheesecake as you can see here. Put together a delicious coke of quito cheesecake in my insta pot and this is whats getting me through this horrible global lockdown and other good stuff like that stacey yes max we have been talking about of course the collapse of the markets and whether or not this can be like the Great Depression sort of error or in 1987 or 2008 because history often rhymes of course there are unique individuals and unique generations and unique societies encountering each wave of collapse all the way back to the south sea bubble so theyre never completely the same but the human nature and human instincts are often the same just like a virus is often generally the same they become very deadly and then usually they somehow are defeated i want to look at some of the stories weve been covering and i know everybody is probably stressed out there
A selection of programs the pending on where you are in the world. To see what is showing. How. This is the kaiser report day 17 of the big walk down and the chorus as the saying goes when the going gets tough the tough. As you can see here. Put together a delicious coke of it kiddo cheesecake in my insta pot and this is whats getting me through this horrible global lockdown and other good stuff like that stacey yes max we have been talking about of course the collapse of the markets and whether or not this can be like the Great Depression sort of error or in 1907 or 2008 because history often rhymes of course there are unique individuals and unique generations and unique societies encountering each wave of collapse all the way back to the south sea bubble so theyre never completely the same but the human nature and human instincts are often the same just like a virus is often generally the same they become very deadly and then usually they somehow are defeated i want to look at some o
Actual and of the dollar when the fed cut on sunday night just as it had by the way in march of 2008 during the financial crisis in the beginning when bear stearns collapsed here we saw emergency rate cuts of 100. 00 basis points down to 0 it took them down Interest Rates down to 0 percent essentially and the markets tumbled the dollar is something weve been talking about for many years and its the only store of value at the moment everything is collapsing against the dollar so how long will that last probably not a long time because. As weve seen during brain woods or through the plaza accord of the 1980 s. Theres going to have to be a global coordinated sit down to rearrange the global 4 x. Market we arrange the global currency grid and the dollar is not the thing were going to have to match against because that runaway value on the dollar is whats causing. This deflation and thats whats causing this global depression part 2 so theyre going to have to rejigger the global currency gri