There is no price discovery in gold, says Lepard, adding that “it’s a paper market.” “I’ve long contended that the gold market is not a real market. It’s essentially a planned tool,” he explains. According to Lepard, bitcoin is “pointing out to hyperinflation rather blatantly,” and “there’s nothing they can …
Read More »How the institutional investors impact the market: the oppinion of Trust in BTC specialists
2020 was a very difficult year for the global economy and became a kind of watershed for many industries. The cryptocurrency market also brought a lot of surprises, apart from an impressive jump in the rate of the main cryptocurrency. One of the characteristic features of 2020 for the cryptocurrency …
Read More »US stock market bubble may pop soon after Wall Street’s coronavirus bonanza, Bank of America warns
“DC’s policy bubble is fueling Wall St’s asset price bubble,” wrote a group of analysts at Bank of America led by Michael Hartnett, as quoted by Bloomberg. The analysts were referring to the US Federal Reserve’s (the Fed’s) monetary actions, as well as fiscal stimulus policies designed to mitigate the …
Read More »Global smartphone market shrinks almost 9% in 2020 – report
The steepest decline was registered in the first three months of 2020, when global smartphone shipments declined around 20 percent year-on-year. The market also saw a double digit drop in the second quarter of the year. The decline narrowed to single digits in the July-September period, before the market finally …
Read More »Why India is the most exciting renewable market in the world
While much of the world is seeing energy demand take a dive thanks to the economic and industrial slowdown spurred by the novel coronavirus pandemic, India has been making great strides to get more people connected to the grid than ever. Historically, much of the Indian subcontinent’s rural populations had …
Read More »Russian ruble is one of the most attractive emerging market currencies in post-pandemic world – Goldman Sachs
In a note released earlier this week and cited by CNBC, a team of Goldman strategists said that Russia’s national currency closely follows the South African rand and the Mexican peso in the list of most attractive among “high cyclical beta, high carry longs.” The former reflects a currency’s sensitivity …
Read More »The fish market of Russia will change under son-in-law of billionaire Timchenko
Russian authorities are preparing a major reform of the fishing industry, which is a game changer in the market, not changing since the early 2000s. At the suggestion of the “Russian fishing company” (RCC), one of the founders of which is the son of billionaire Gennady Timchenko Gleb Frank, officials …
Read More »The US pushed Russia on the oil market of Europe
USA this month has increased the supply of oil to Europe, displacing traditional local varieties of processors, including Russian Urals, records Reuters citing traders. According monitor traffic Refinitiv Eikon, shipment of oil from the U.S. to Europe in July grew for the first time since the inception of the agreement …
Read More »In Russia, the market collapsed buildings
The market in Russia collapsed last month almost twice — Rosreestr registered in the country only 35,5 thousand contracts of a joint construction (DDU) vs 66.3 thousand POS in the same period last year. Sales of secondary habitation in Russia has decreased in may by 22% yoy to 182.7 thousand …
Read More »Auf Wiedersehen: “AVTOVAZ” has left the EU market
Lada Russian auto giant “AVTOVAZ” has left the EU market because of stricter environmental standards on emissions. This “Газете.Ru” said a European General distributor Lada, and confirmed in the company “AVTOVAZ”. Financial losses from the loss of the European market is insignificant for “AVTOVAZ”, but much more tangible reputational loss …
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