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Bolsonaro’s victory will likely worsen an already acute crisis in Brazil

World economy 29th October 2018

Bolsonaro Wins Brazil Election, Promises To Purge Leftists From The Country

via The Conversation | Bolsonaro’s victory will likely worsen an already acute crisis in Brazil, the second-most populous nation in the Western Hemisphere.Once a rising star in the developing world, Brazil has been mired in severe recession and political turmoil since 2015. Hundreds of politicians, including former President Lula, have been arrested and jailed in a judicial investigation that has exposed corruption at the highest levels of government.

 

Financing World War II: Lessons from Japan and the US

World economy 28th October 2018

Financing World War II: Lessons From Japan And The US

 | The US, in its finest hour, took on Imperialist Japan and Nazi German. To finance the war effort, they issued $186 Bn of war bonds, which provided the federal government with about three-quarters of its income during those times. Japan also issued war bonds, and national debt to GDP rose from 100% to 200% of GDP.
Brazil elections: Whoever wins, debt reigns

World economy 27th October 2018

Brazil Elections: Whoever Wins, Debt Reigns

Jair Bolsonaro, a right-wing populist, is the favourite candite to become Brazil’s next president against Fernando Haddad, the nominee of the Workers’ Party. Polls point Bolsonaro is ahead by 11 points. In this context, Brazilian public debt is at 77% at present. This is what analysts at AXA IM say about Brazilian’s “explosive” public debt issue.

The US is waiting for the impeachment

World economy 23rd October 2018

The US: Waiting For Impeachment

Pablo Pardo (Washington) | In global political and journalistic mythology, the word “impeachment” is loaded with meaning. In the city of Washington, where this curious political figure takes place, its importance is much less. In practice, the impeachment is no more than a vote of “no confidence” in the US President by the House of Representatives.

oil futures

World economy 22nd October 2018

What If Oil Goes To $100?

Brent oil prices are up more than 30% this year and have reached levels last seen in 2014. BoAML’s team on Commodities have revised up their forecasts; they now expect Brent to peak at $95/bbl by the end of 2Q 2019. They also consider the impact on global growth of an even larger and more sustained oil spike. Specifically discuss the factors that could drive oil prices to $100/bbl, and hash out the winners and losers.

Stock markets skids, the subsequent panic and the downwards spiral,ready for sentence?

World economy 18th October 2018

European Vs US Stock Markets Or The European Banks Against The US Technology Firms

Ofelia Marín- Lozano | In recent years, one of the most repeated commentaries when recommending investing in European stock markets tends to be: Why should invest in Europe when the US stock markets outperform year after year? In 22 years of history which coincide with the birth of the Euro Stoxx 50, for the first fourteen years the two markets moved almost in parallel. Only since 2011 can a clearly superior and sustained performance by the S&P 500 be observed.

gold-price-reflects-real-interest-rate

World economy 17th October 2018

Gold: Ready For A Move Higher To About US$1320/Oz

The yellow metal fell 4% in the three months from the end of June — a decline that analysts at Wisdom Tree do not believe is justified by the 11 basis-point rise in bond yields and 0.4% gain in the US dollar over the period. Rather, gold’s poor performance seems to have been driven by a collapse in sentiment.