Yesterday, Wall Street was shocked by the further slump in US industry. The ISM index showed a value of 47.6 – recession worries have returned. Can the Fed save the situation with further rate cuts? No, UBS says in a study: Unlike in the 1990s, companies are on the decline (earnings warnings – most recently from Exxon tonight. Almost all S&P companies that have reported so far have lowered their forecasts). So even if the Fed cuts interest rates further, equities would fall. Meanwhile, the impact is approaching: Fitch lowers We Work to de facto bankruptcy after the failed IPO. The time of mad valuations for non-functioning business models is now over in the US as well.
In essence, the whole year 2017 is under the Impression of the US tax reform that has now been decided in principle. Last weekend, when the US Senate approved its version of the US tax […]
What does the Fed’s action in coordination with the other central banks mean? And why are prices on the stock markets falling nevertheless? An estimation by Markus Koch: Please follow and like us:
The US-Democrats now want to initiate an official impeachment procedure against US-President Trump with a probability bordering on certainty. The background to this is the report of a secret service employee who has made serious […]