The FTSE 100 is down by early 8% year-to-date compared to S&P 500’s decline of about 7.0% YTD. However according to a report by JPMorgan UK, British equities have brighter prospects ahead than US stocks. From an article quoting the report: In a wide-ranging note, they looked at UK shares valuations and prospects and came out positive. Looking …
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Income growth is highly uneven between poor, middle and rich Americans. Technological advances and increases in productivity have not helped the working and poor sections of the population. Instead much of the wealth created have largely gone to the upper middle-class and the top 1% of the society due to state policies, laws and tax …
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Small island nations – how much do you know? (The Guardian) U.S. unemployment rate falls to seven-year low (MarketWatch) but The road to recovery: furloughs, layoffs and job numbers that shade the truth (The Guardian) Fastfood not good for workers or suppliers – Frappuccino society (Le Monde) Paul Krugman: Australia can weather the Chinese economic downturn (The Guardian) The …
Canada is primarily a resource-based economy with oil and minerals accounting for a major source of export revenue. As the price of oil plunged in the past year or so, commodity-based economies such as Brazil, Russia, Australia, Canada, etc. are suffering. After being resilient for a few months, the Canadian economy has now officially entered recession. From a …
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