Davos 2023

-

Davos is where the elite map out the playbook for the year.  You need to take great attention to all reports and look behind the noise.  Russia and China are working together and China will see a massive increase in tech to dominate the world. 


Debt ceiling battle, gas prices tumble, Didi relieved - what's moving markets
© Reuters. 
The World Economic Forum begins at Davos but there are big China- and Russia-shaped holes in the delegate lists. U.S. stocks are closed for the MLKD holiday but China and Europe advance as natural gas prices plummet and regulators cut more slack to China's beleaguered tech sector. Here's what you need to know in financial markets on Monday, 16th January.

Comments

Post a Comment

Popular posts from this blog

Less treats and spending

-
Image
 Fewer treats and spending People are keeping a good idea on spending as costs and the fear of being unemployed is putting a tight hold the purse strings.  We need to see a glimmer of hope in the future.  Spending will be for special items or items which people are forced to replace or will save them money in the long term. New year, new guarantee Saks Off Fifth Shopping at discount or off-price retailers is often described as a treasure hunt. But while consumers still deal with inflation and a potential recession looms, 2023 will probably look more like a hunt for essentials.
Read more

Not everybody will be happy about transition away from Oil

-
Image
Not everybody will be happy about transition away from Oil  In terms of oil production, Wyoming is the eighth-most productive state in the U.S. It churns out an average of around 89 million barrels per year.  And with a population of barely over 500,000 — about the same population as Baltimore City — that means the average Wyoming resident has a very good chance of working in the industry.  Banning EVs is literally  never  going to happen, but if ever there were an audience willing to agree with Sen. Anderson, it’s his home state.
Read more

Robbing Peter to pay Paul

-
Image
 Robbing Peter to pay Paul The pain will return harder, longer and stronger until this debt ceiling is managed. Chip Somodevilla via Getty Images As the US  crashed  into the $31.4 trillion debt ceiling yesterday, the Treasury Department began taking what it called “extraordinary measures” to prevent the government from defaulting on its debts and sparking an economic crisis. What does that actually mean?  These measures are a series of deep-cut  accounting moves  that allow the Treasury to continue making its payments. They include: Suspending reinvestments into government funds for retired federal employees, such as the Civil Service Retirement and Disability Fund. Selling existing investments in those funds to free up more outstanding debt. And while these measures definitely aren’t ordinary…they probably aren’t so “extra,” either. The Treasury has resorted to them more than 12 times since 1985, including during the last debt-ceiling standoff in 2021. St...
Read more