Time 03.November 2024
Financial analysts were invented by forecasters, so that it would not be so offensive.

September Troubles in Global Markets

In general, you can expect anything from the global economy, as well as from dollar finance.
investor.jpg
Before investors had time to recover from the August shock, the “September effect” struck. It was already clear then that the August slump in financial markets would not be the last.

However, no one expected any “aftershocks” or sell-offs on the stock market so soon. The S&P 500 stock index fell more than 2% on Tuesday, while the Japanese Topix stock index fell 3.7% on Wednesday, demonstrating the largest daily drop since August 5, when the previous collapse occurred.

However, some analysts are trying to explain what is happening by the so-called “September effect”, traditionally nervous and volatile due to the decline in business activity in August. However, there is something more to it… In general, of course, the media in the United States have recently been living in two parallel realities.

In one of them, everything is great — employment is almost full, and there is GDP growth, and in general, it has never been as good as under Biden (and therefore under Harris).

And in the other, the markets are shaking, and you need to look at the data, and it is not at all as good as in the previous article written in support of Harris’s candidacy. For example, the Reuters agency. Yesterday it wrote about good economic prospects — of course, thanks to the efforts of the current White House administration.

But then the markets began to shake, and the same agency writes: “Growing concerns about the US economic outlook and seasonally weak stock index growth this month have caused another real storm of volatility in the global market.” And further: “A volatile start to September followed a global downturn in early August, when … US employment data undermined …” etc. So is employment good or bad? Well, indeed, financial analysts were invented by forecasters, so that it would not be so offensive.

Here are the words of Florian Ielpo, head of macroeconomics at Lombard Odier, quoted by Reuters: “Markets have been facing uncertain inflation, but economic growth has been robust. The situation seems to be changing. The new uncertainty is how deep the slowdown [of the US economy] will be.” In general, you can expect anything from the global economy, as well as from dollar finance.

And the question is the same: how devotedly has Russia disconnected from these dollar finances.

Dmitri Drobnitsky


Leave a Reply

Your email address will not be published. Required fields are marked *


About us

The magazine about everything? Nonsense, some would say.

They would be right. This does not and can’t exist if everyone must have a certain agenda when writing.

We challenge it. Our authors are professional in their own field.

The magazine we would like to create will be provoking. It will make people think, absorb, discuss.

Whatever the tops you are interested in, you will find it here.

If you disagree, by all means, write to us. We welcome all comments and discussion topics.

P.S.    Our News is always up to date and highlights current issues and the most important topics.


CONTACT US

CALL US ANYTIME