https://www.economicsobservatory.com...e-stock-market
Printable View
Indeed they will be overjoyed, Trump is a kindred spirit and as close as you'll get to being a dictator in a democracy, and as the worlds largest superpower (for the time being), he would preside over powers to once again cuddle up to the other dictators like he did last time. Strange thing happened though, when he did that last time, global tensions subsided, USA withdrew from global conflicts, wars stopped. As he might say, he drained the swamp, or some of it at least, and the swamp didn't like it one bit.
Besides that, the USA was and might be again ruled by the same benign dictator immersed only in his own ego, but the world might again be in a less tumultuous space because of it. Quite the conundrum, hating someone because of their abhorrent behaviours but in TOTO thinking the world might be in a better place if it happened, if US hegemony and hubris were used to defuse global tensions, instead of inflaming them.
Bird Flu is not a dead cert to being a problem yet
"With avian influenza spreading quickly around the globe, the virus has more opportunities to mutate and cause problems for people. By some calculations, H5N1 bird flu is still at least two mutations away from widespread human infections, but experts warn that new flu symptoms in individuals at high risk are likely to start turning up in health systems this summer."
https://www.medscape.com/viewarticle...&impID=6626722
"In 1997, a high-pathogenicity H5N1 avian influenza virus caused serious disease in both man and poultry in Hong Kong, China. Eighteen human cases of disease were recorded, six of which were fatal. This unique virus was eliminated through total depopulation of all poultry markets and chicken farms in December 1997. Other outbreaks of high-pathogenicity avian influenza (HPAI) caused by H5N1 viruses occurred in poultry in 2001 and 2002. These H5N1 viruses isolated had different internal gene constellations to those isolated in 1997"
https://pubmed.ncbi.nlm.nih.gov/1457...ecember%201997.
In US inflation expectations seem to be “well anchored”. University Michigan long-term inflation expectations just jumped to their highest level in … 31 years
Rather, I will worry about other types of bacterial and viral infections. Eg: Flesh eating bacterial disease.
https://www.outbreak.gov.au/current-...vian-influenza
The PCE index was better than expected, in fact probably couldn't have asked for better.
https://www.reuters.com/markets/us/u...ly-2024-06-28/
Deleted wrong thread
Company insolvencies and liquidations up, 474,000 people now behind on payments
https://www.rnz.co.nz/news/business/...nd-on-payments
And just to think Adrian Orr said at the last meeting they discussed the possibility of raising rates... As mentioned, I viewed this as talking tough rather than any likely action.
I think Orr will continue to talk tough until they are ready to act. A skill he should have learned a lot earlier, rather than saying too much.