By: Andrew Moran Despite being ground zero for the coronavirus pandemic, China will be one of only a few major economies to record growth this year. Its billions in fiscal and monetary stimulus and relief allowed the nation to recover rather quickly from the COVID-19 public health crisis. But Beijing’s past interventions – from 2020 […]
Money
What does the global financial market look like at the end of 2020?
It has been quite the year for financial markets. A market bloodbath in March. Unlimited quantitative easing. The rise of Robinhood trading. Record high stocks and indexes. If you waited out the market mayhem and bought in when you could get deep discounts, you’re raking in the dough. So, with one month left of 2020, […]
Goldman Sachs, Citi betting on $2,000 gold in 2021
Is the bull market for gold over? Bullion buying has subsided since Pfizer, Moderna, and AstraZeneca announced mostly effective coronavirus vaccines. As much as $4 billion has been removed from gold markets. It would be easy to think that gold would not top $2,000 again, or that silver’s explosive rally is complete. But Goldman Sachs […]
3 Ways to Acquire Mental Toughness So You Can Thrive During an Economic Collapse
In an economic crash, there are always winners and losers: the former are those financial traders savvy enough to benefit from plunging prices by shorting key assets or being long volatility. But when an economy goes into a full collapse, few will benefit. A prepared mindset will be your best ally. Below, we discuss three […]
THANKS FED: Dow Jones Industrial Average hits record 30,000 milestone
That was fast. After it looked like the Dow Jones Industrial Average would be on a freefall to 15,000, the leading stock benchmark has not only reclaimed its rightful ascent, but it has also set a record high. At midday, the Dow Jones hit the critical milestone of 30,000. The Dow was on track to […]