Both Chile and Kazakhstan are major commodities producers and both are facing social and political unstability, the markets starting the year bearish with a disappointing payrolls report and Bitcoin with a major drop.
Lets do a recap of the year with the performance of all major asset classes: SP500, Gold, Silver, Oil, Bitcoin, among others. Also we are going to recap the top 5 news for the year: GameStop, Evergrande, Supply Chain, Job market, Inflation.
Jay Powell admited this week that the FED is behind the curve regarding inflation, markets rattling due to new Covid variant and the possibility of a taper/rate hike, bitcoin crashed and El Salvador keeps Hodling
4.4 million people resign their their jobs in September, why is this happening? Dollar geting stronger against other currencies, commodities supercycle halted for this week and is the Bitcoin 4 year cycle starting again?
CPI report at its highest since 30 years, commodities surging (even Gold), crypto at all time high and the UK with a slow paced economic recovery after the pandemic.
New consecutive all time highs for all major indexes, crypto market cap at its highest, commodities surging. Positive new nonfarm payroll report, FED taper anounced and new infrastructure bill (1.2 trillion) on the way.
This week Jack Dorsey (Twitter CEO) mentioned the possibility of having Hyperinflation in the US. All time highs (again) abroad US equities indexes and Crypto in the midst of a bull run.
With the slowdown in the economy, high levels of both corporative and sovereign debt, lack of high quality jobs, currency debasement and inequality at the households and the corporations, we are due for a long period of economic stagnation within the years to come.
16 min
About Venezuela Insider
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Podcast about Venezuela catered towards Entrepreneurs, Investors, Expats and related internationals.