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Marketwatch (September 20)

2022/ 09/ 22 by jd in Global News

“The number of millionaires in the world is set to nearly double by 2026, despite rising interest rates, looming recession fears and a recent plunge in net worth for some of the world’s wealthiest people.” All told, the number of millionaires “is expected to jump 40% and reach 87.5 million over the next five years.”


Bloomberg (August 7)

2022/ 08/ 09 by jd in Global News

“Sky-high US inflation may finally be approaching a peak as global economic growth sputters and oil and other commodity prices plunge. Now the focus is shifting to how fast and far it will retreat.” The tight job market “is probably the biggest reason why inflation may prove more entrenched than the optimists expect.”


New York Times (January 25)

2022/ 01/ 26 by jd in Global News

“So far, 2022 is off to a rocky start for the stock market. Yesterday, after an initial plunge in which stocks dropped as much as 4 percent — the biggest one-day drop in nearly a year — the market rallied and ended the day with a slight gain.” There was no particularly market-moving news, but “the foundations supporting the market during the pandemic are looking less stable.”


New York Times (March 7)

2021/ 03/ 09 by jd in Global News

“The pandemic has disrupted international trade, driving up the cost of shipping goods and adding a fresh challenge to the global economic recovery.” Although “the volume of global trade dipped by only 1 percent in 2020,” that fact obscures “a plunge of more than 12 percent in April and May, followed by an equally dramatic reversal. The system could not adjust, leaving containers in the wrong places, and pushing shipping prices to extraordinary heights.” Some experts believe the upheaval will last the remainder of the year.


Houston Chronicle (June 8)

2020/ 06/ 09 by jd in Global News

“The coronavirus pandemic and the unprecedented plunge in energy demand has forced oil companies to shut down wells by the thousands, providing another test of a shale industry that restored the U.S. as a leading global producer and spurred Houston’s economy for more than a decade.”


Forbes (February 28)

2020/ 03/ 01 by jd in Global News

Japan’s Q4 6.3% GDP “plunge is a harsh wakeup call,” but the “talk of the Olympics being scrapped” is actually “an opportunity to refocus on what really matter. If Abe had used the last several years doing heavy lifting on reform rather than betting it all on Olympic glory, Japan would have greater endurance. It’s time Tokyo got to work actually creating a brighter future. Not just staging one.”


LA Times (November 20)

2018/ 11/ 22 by jd in Global News

“It looks as if the years-long stock market party might just be over.” The “recent plunge in share prices of U.S. technology giants spread like a software virus through the entire market Tuesday, triggering a broad sell-off that wiped out this year’s gains for the major indexes after they all hit record highs in recent months.”


The Economist (December 10)

2016/ 12/ 12 by jd in Global News

“For the first time since oil prices plunged in 2014, Big Oil is putting its head above the parapet to seek substantial new sources of crude that will tide it through the 2020s.” While this signals renewed confidence, the players remain extremely cost conscious, with the aim of staying lean to maintain profitability even if oil stays stuck around $50 per barrel.


Financial Times (May 20)

2016/ 05/ 22 by jd in Global News

“The plunge in yields on corporate and sovereign bonds in Europe and Asia — the value of bonds with a negative yield is nearly $10tn, according to Fitch — has sent investors racing into the US market.” This surging demand “has allowed companies to issue debt at lower yields, though US yields are still more attractive than in other parts of the world.”


Bloomberg (December 31, 2013)

2014/ 01/ 02 by jd in Global News

Gold climbed higher and higher…until it didn’t. Very few predicted the extent gold would plunge in 2013. “One year ago, analysts surveyed by Bloomberg had a median price target of $1,815 an ounce for the end of 2013. Actual year-end price: around $1,200.” The 29% decline was the biggest since 1981.


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