robs
should know how this works by no
And in today's news after the Bournemouth beach crisis...
"The IMF said investors were “apparently betting on continued and unprecedented support by central banks”, adding that the disconnect between markets and the real economy raised the risk of another slump in asset prices that would harm recovery prospects."
“This has created a divergence between the pricing of risk in financial markets and economic prospects,” the IMF said.
The IMF said a second wave of infections was one of a number of triggers that could send markets lower. Such an outcome “could add financial stress on top of an already unprecedented economic recession”.
"Another 1.48 million people filed for unemployment insurance across the US last week, as the grim economic toll of the coronavirus pandemic continued and infection rates picked up in many states." - courtesy of the Guardian.
Not sure there's much to add other than a reminder that IMHO the 'official' US unemployment figures are not at all representative of reality (they are based on a survey of 0.03% of the population, agreeable to participate in the survey. Do the sums to work out just how many people need to report that they are not looking for work to impact on that metric....).
"The IMF said investors were “apparently betting on continued and unprecedented support by central banks”, adding that the disconnect between markets and the real economy raised the risk of another slump in asset prices that would harm recovery prospects."
“This has created a divergence between the pricing of risk in financial markets and economic prospects,” the IMF said.
The IMF said a second wave of infections was one of a number of triggers that could send markets lower. Such an outcome “could add financial stress on top of an already unprecedented economic recession”.
"Another 1.48 million people filed for unemployment insurance across the US last week, as the grim economic toll of the coronavirus pandemic continued and infection rates picked up in many states." - courtesy of the Guardian.
Not sure there's much to add other than a reminder that IMHO the 'official' US unemployment figures are not at all representative of reality (they are based on a survey of 0.03% of the population, agreeable to participate in the survey. Do the sums to work out just how many people need to report that they are not looking for work to impact on that metric....).
It's arguably a safe haven too, given the money being printed and the inflation to follow.
