Investing and Global Finance News

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Optimism on America’s Economic Strength

In this video, FOX Business Network presenter discusses the solidity of the current US market.  He points out that the 10-year treasury yield is standing at 2.99% and discusses the industry with Chief Economist at Moody, Mark Zandi.

Zandi emphasizes the importance of a strong economy (businesses need to be able to sell what they are producing; i.e., people need to have the money to buy) as if that is not performing well it will negatively impact the performance of stocks.

Yields are beginning to flatten and possibly invert, signaling the beginning of a recession, with simultaneous anxiety and fear that the Fed will overdo it and raise rates too quickly. But Zandi believes the economy will grow very strongly especially with the tax cuts coming and big government spending increases. This will result also in a decline of unemployment – going into the low 3s which hasn’t happen and when does approach that, leads to problems like higher interest rates and inflation. Unfortunately Zandi believes, the Fed always overdoes it.

If you look at the personal saving rate it is close to a record low and the Fed is sympathetic to people’s fears and try to ensure the inflation rate does not develop or at least, not at such a high speed. That’s why Zandi believes “the Fed probably will raise rates, but slowly in the context of very low unemployment and the raise in price pressures that are developing.”

Global Investments

There has been a steady increase in investments Singapore has made around the world over the last few years.  For example, while the figure in 2011 was $9 billion, by 2017 that had reached $19 billion. America has not been the only region that has become attractive to Singapore although it is the area that… Continue Reading

Turkish and Emirates Air Exempt from US Laptop Exclusion

Passengers traveling on two major middle eastern airlines, Turkish Airways and Emirates Airlines, will be allowed to bring laptops into cabins during their flights to the United States, according to David Lapan, a spokesman for Homeland Security in Washington, DC. A third airline is also exempt from the new US restrictions, Abu Dhabi’s-Etihad Airlines. The… Continue Reading

Recent Nominations to the Trump Administration

In recent news, there have been a number of nominations for positions in the President Trump government that were just announced. Elaine McCusker has been nominated as Principal Deputy Under Secretary of Defense, comptroller. She is the Director of Resources and Analysis at U.S. Central Command. Before this, she was a staff member on the… Continue Reading

FAA Issuing Drone Permits for Several Industry Uses

A study conducted by the Association for Unmanned Vehicle Systems International, a trade group for the burgeoning drone industry, investigated what businesses are increasingly using drones to improve efficiency and the bottom line. Of the 500 first permits granted to drone operators by the Federal Aviation Administration, 153 were granted to drone operators who use… Continue Reading

Alibaba Expanding to California in a “Very Strategic” Move

China’s gargantuan e-commerce company Alibaba is opening a cloud computing hub in Silicon Valley, its first such center outside of China. The move is in synch with their global ambitions despite tough competition in their niche. The California hub is at an undisclosed exact location, kept secret for security reasons.  It is situated somewhere in… Continue Reading