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[Reuters] Two cases of coronavirus Omicron variant detected in Britain [Reuters] Suspected Omicron coronavirus case found in Germany [Reuters] Dutch test for new variant after finding 61 COVID cases among South Africa passengers [AP] High alert: World scurries to contain new COVID variant [AP] South African scientists brace for wave propelled by omicron [Reuters] Concerns […]
I posted a link Thursday morning to a Bloomberg article, “New Coronavirus Variant a ‘Serious Concern’ in South Africa.” The seemingly small outbreak generated minimal media attention. Within 24 hours, however, global markets were in a tailspin, with Crisis Dynamics gaining critical momentum. The World Health Organization Friday in an emergency meeting designated the new […]
[Yahoo/Bloomberg] Stocks Drop, Bonds Jump on Fears Over Virus Strain: Markets Wrap [Reuters] European shares set for worst sell-off in a year as virus scare grips [Yahoo/Bloomberg] Nikkei 225 Sinks 3% as New Variant, Stronger Yen Spur Selling [Reuters] Oil prices dive to two-month lows on COVID, surplus jitters [Yahoo/Bloomberg] Traders Unwind Rate-Hike Bets as […]
Happy Thanksgiving! Due to the Thanksgiving holiday, HAI is taking this week off. Despite being a holiday shortened session, markets on Friday were roiled in various degrees of chaos responding to news of the latest Covid variant threat. The B.1.1.529 variant, which got the Greek letter designation “Omicron” on Friday, appears to be the most […]
[Yahoo/Bloomberg] Low Volumes Spark Swings in Stocks to Commodities: Markets Wrap [Yahoo/Bloomberg] Oil Steady After OPEC Says Reserves Release to Bloat Surplus [Yahoo/Bloomberg] Stock Funds Took in More Cash in 2021 Than Two Decades Combined [Yahoo/Bloomberg] California Power Outages Rise as High Winds Raise Fire Risk [Yahoo/Bloomberg] Kaisa Debt Swap Offer; Chengdu City Support: Evergrande […]
[Yahoo/Bloomberg] U.S Stocks Fall Amid Earnings Misses, Covid Angst: Markets Wrap [Yahoo/Bloomberg] Oil Steadies as Global Release of Strategic Reserves Underwhelms [Reuters] Euro falls to July 2020 lows as Germany’s business morale darkens [Yahoo/Bloomberg] Turkish Lira Takes Breather From Worst Losing Streak in 20 Years [CNBC] Weekly jobless claims post stunning decline to 199,000, the […]
Can we agree on our terms or just use them for abuse? Think of words like currency, both suffer from inflation Inflation intensifies wealth inequality The War of Words With Harold James November 23, 2021 “Those periods of immense cultural production or monetary production don’t last forever, they run out. And we talked before about […]
[Yahoo/Bloomberg] Treasuries Fall on Powell; Tech Selloff Spreads: Markets Wrap [Reuters] Shares shrivel as traders see higher rates under Powell; Turkish lira sinks [Yahoo/Bloomberg] Dollar Surges to Four-Year High Against Yen on Faster Hike Bets [Reuters] Erdogan’s Rate Cut Mantra Spurs Lira’s Worst Streak in 20 Years [Yahoo/Bloomberg] Oil Pares Decline as Biggest Consumers Tap […]
