Investing and Global Finance News

Author Archives: Tom Sanderson

Job Gains

This article is written in an optimistic tone.  It comes with the hope that there have been significant job gains in recent times.  But it is not so straightforward because the question is, does one ask this in relation to the pandemic or as if we are in normal times?

Job losses – as we know – were tremendously high during the peak of the pandemic, especially in the leisure and tourism industries.  Nonetheless, once recovery began with US job creation, there was optimism (especially in relation to the large amount of job losses that had been encountered). 

Still, this ebbs and flows.  And while it may initially look good that there were 194,000 new jobs created in September 2021, that figure was actually the lowest since the job creation gain finally began increasing back in December 2020. Nonetheless, unemployment in September dropped from 5.2% in August to 4.8%.

Also, of the 194,000 jobs created, a staggering 84,500 were in the Florida region which – a  statement from the Florida Governor’s Office said – :

“This month marks 17 months of private-sector job growth, increasing by 5.6% over the year. In addition, Florida has experienced 11 consecutive months of labor force increases, adding 50,000 workers over the month. Florida’s labor force growth represents a 5.4% increase over-the-year, which is significantly higher than the national rate of 0.8%.”

The other issue is that a larger  number of Americans are quitting their jobs (stimulus checks?) is at a high.  According to FWDBONDS chief economist, Christopher Rupkey:

“There are help-wanted posters in every shop window on Main Street, and the lack of workers is exacerbating the supply disruptions throughout the nation that is lighting a match to the fire of inflation. The labor market has already recovered.”

So yes, there have been job gains but we are not yet in a fully optimistic situation with this.

Quotes for all Industries!

There are many statements and inspirational quotes from business executives. But what’s perhaps more interesting is the quotes from non-business executives.  Here we take a look at some by Yogi Berra (a Yankee baseball catcher), Gordon Ramsay (world famous chef) and Mohith Agadi (entertainment journalist). First, Yoni Berra who said: “If you don’t know where… Continue Reading

Global Economic Growth and Caution

CGTN representative discusses the recent report from the United Nations Conference on Trade and Development which “predicts a bounce back in the global economy this year with 5.3% growth which is the fastest in nearly 5 decades.” But caution is still necessary. Here’s why. Continue Reading

Bright Future for Hedge Funds?

Where are hedge funds headed now?  How has COVID-19 impacted their movements and strategies?  Here we take a look at some of the recent news. In June it seemed like the stock markets were engaged in a positive trend.  The S&P 500 registered a 2.33 percent performance, making its fifth consecutive month of profits. According… Continue Reading

Next Step for The Economy

There have been a lot of ups and downs economically, psychologically and physically as we witness and participate in the evolving of the coronavirus pandemic.  Here, we take a look at what some people are saying. Founder and CEO of LaSalle, Tom Gimbel said: “This economy isn’t coming back. It is back. [The first signs… Continue Reading

COVID 19: Where is the Global Economy Headed?

As we all know, the entertainment and hospitality industry  suffered the biggest blow with the coronavirus pandemic.  A recent UNCTAD Report (presented in conjunction with UNWTO) has put the figure of financial loss with the international tourism sector at adding over $4trillion to the worldwide GDP for 2020 and 2021. It’s not just tourism but… Continue Reading

Emerging Post-Coronavirus Investment Sectors: Diamonds

One of the impacts of COVID-19 was investors altering their usual investment behavioral patterns. One of the emerging investment industries during this time was fine jewelry, in particular, diamonds. Even before the coronavirus outbreak, business investor Mozes Victor Konig believed that diamonds made a sound investment choice.  He said: “The first thing I learned in… Continue Reading