A report by Statista′s Martin Armstrong:
Borne partly out of his mistrust and lack of control of the media, President Trump utilizes his Twitter account to get his message out, make announcements, vent, provoke and often simply provide a stream of consciousness on any current issues. This infographic pulls together some key facts and figures on one of Trump’s most powerful tools.
Imagen inicial: Composición de Lúdico con insumos de Pixabay.
Is the Bitcoin a bubble poised to burst anytime soon? Some say yes, others say no. But in this case, Statista compares it with probably the most famous case of an inflated market: The Tulip Bubble in XVII century in The Netherlands. Dyfed Loesche explains it.
During the so-called Tulip Mania contract prices for some bulbs of the recently introduced and very fashionable tulip reached extremely high levels and then dramatically collapsed in February 1637. It was the first reasonably well document asset bubble in history and until now is referred to as the prime example of a market folly.
What this chart indicates is that while technology has advanced greatly over the course of the past 400 years, human psychology has remained the same. Some observers think the rally around the crypto currency Bitcoin might replace Tulip Mania as a reference for a badly overinflated asset bubble prone to burst at any moment.
Then again, there already has been deflation from the peak of a little more than 19,900 to 17,600 dollars per Bitcoin. But nobody knows if the puncture will let the balloon slowly deflate or it will rip it apart, crash landing the Bitcoin.
Statista shows us how profound and wide was the leakage of 1.4 Terabytes of financial data from the so-called “Paradise Papers” by Niall McCarthy:
The tax activities of prominent figures in the world of business, politics, entertainment and sport have been revealed in a massive leak called the Paradise Papers. 1.4 terabytes in size, the trove contains 13.4 million files and it was made public by the International Consortium of Investigative Journalists. The leak focuses on a law firm called Appleby which has offices in Bermuda, the Cayman Islands, the British Virgin Islands, the Isle of Man and the Channel Islands. The list of those exposed includes the Queen’s private estate, an aide of Canadian Prime Minister Justin Trudeau and Irish rock star Bono, to name just a few. The leak has illustrated how the offshore financial system is tightly connected to global politics, corporate giants and notable individuals holding vast levels of private wealth.
The Paradise Papers comes hot on the heels of other notable data leaks. The most famous is still last year’s Panama Papers which was absolutely massive by comparison with 11.5 million documents and a 2.6 terabyte data size. Just to put that into perspective: that’s 1,500 times more data than Wikileaks’ dump of U.S. diplomatic cables in 2010. The Paradise Papers are the second-largest data leak to date at 1.4 terabytes. The company at the centre of the storm, Appleby, has denied any wrongdoing by itself and any of its clients.
Statista / NK
Initial illustration: Composition by Neorika.
One compendium from different sources about the rising power of China as a global power capable to compete with the US and Europe for global influence.
This is an underestimated question: Why on Earth Wall Street keeps scoring points no matter the actual ups and downs of the economy?
The Atlantic tries to respond with a host of interesting points, in an article written by , that we summarize.
Two things have been true so far in 2017: The news cycle keeps spiraling downward, and the stock market keeps going up.
(…) Washington’s legislative machine is even more broken than normal, (…) President Donald Trump (…) has oscillated between sympathy for white nationalists and recklessness toward North Korea. A series of historic natural disasters have ravaged Houston, Florida, the U.S. Virgin Islands, Puerto Rico, and northern California. Abroad, the U.K. is sleepwalking toward divorce with Europe, a crisis with a Middle East ally is brewing, and a missile flew over Japan.
But what observable effect has this cavalcade of chaos had on the stock market? None, really. The S&P 500 is in the middle of one of the strongest bull runs since World War II. The Dow passed 23,000 this week for the first time ever. “I cannot for the life of me understand why the market keeps going up,” Michael Bloomberg said Tuesday in an interview with CBS News.
So, what’s going on? Here are three theories.
1. It’s simple: Corporations everywhere are making a bunch of money.
(…) The stock market is a collective daily wager on the future performance of the nation’s public companies. And they are, to employ a technical term, making a boatload of money right now. In the first quarter of this year, corporate profits reached an all-time high.
2. A1 chaos doesn’t drive the business cycle.
“The unbelievably low volatility in a time of massive global uncertainty seems mysterious to me,” Nobel Prize–winning economist Richard Thaler recently said. Indeed, when people like Thaler and Bloomberg express astonishment at the resilience of the stock market in the face of political chaos, they’re suggesting that front-page stories—political crises, geopolitical uncertainty, and natural disasters—ought to move markets.
3. There aren’t many obvious signs of bubbles, or causes for imminent corrections.
Unlike the mid-2000s, when GDP growth was buffeted by an unsustainable rise in mortgage debt, this boomlet doesn’t seem to be driven by aberrant debt or ahistorical trade imbalances. Unemployment is low, and so is inflation. The housing market has bounced back, but new home construction is still far below the pre-crisis high. Commercial real-estate borrowing is significantly below its levels during the real-estate bubbles of the mid-1980s and mid-2000s. Furthermore, there doesn’t seem to be much fear that the Fed will panic and suddenly raise rates or sell off assets in a hurried bid to combat inflation.
Complete article in The Atlantic
Source: The Atlantic / Image: Composition with pictures from Pixabay.
In the picture: Rep. Kevin Brady, surrounded by Republican Party leadership said: “This is our year to chart a new course”. GOP Congress people believe “Main Street America needs a tax code that works in their favor.”
Republican in Congress promised a Tax Bill for December, basically in response to President Trump′s urges.
The topic has been trending throughout October, as we can see in Google Trends. In October Google searches related to tax bill, tax reform, tax plan and the like, peaked duplicating the highest percentage in May.
We gathered some references, analysis and opinions about it.
NK/Sources. Photo: House Republicans Facebook Page.