OUCH! US economy adds just 235,000 jobs vs 733k expected, slowest gain in 7mths amid Delta surge. At least prior mth revised higher to 1053k from 943k. The unemployment rate falls to 5.2% as expected. Average hourly earnings were above expectations, rose 0.6% MoM vs +0.3% exp.
#Germany is #inflation champion in the Eurozone. Even if you compare inflation trend since 1999, Germany has suffered a greater loss of purchasing power than France and will soon catch up w/Italy, which has a very different inflation culture. https://t.co/fnJRXy6zCM via @welt
@krumpans And, contrary, people who spend money on MMM or Envestio will rely on state support (meaning taxpayers), but not left dying on the street. We have a risk&reward erosion here for sure.
@krumpans Most folks has neither time neither intellectual capability to be an investor. Retirement plans were designed for them, not for upper middle class (who can ensure their well being without pension)
YEAH! We've never had it so good: Global equities now worth $118.6 TRILLION, the highest value ever in history. Equals to ~140% of world GDP. Gained another $2.8tn in mkt cap this week, demonstrating continued resilience of post-pandemic equity mkts, driven by CenBank liquidity.