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How central banks saved the world. And will again

To hear it from bulls, the newborn year already belongs to central banks. Reviled not long ago for letting prices surge, Federal Reserve Chair Jerome Powell and his peers have been anointed by traders as saviours of the world. Those clapping the loudest probably don’t know how right they are. The widely predicted global recession has yet to occur, inflation is coming down quickly, and interest rate cuts are projected. As welcome as this development is, don’t imagine for a second that the lords of finance are going into repose. It’s never mission accomplished. Central banks will occupy an ever-more important position in the economic…

Reddit Stocks: 3 r/WallStreetBets Favorites That Are Actually Good Buys

It’s a new year and that means retail investors will be on the hunt for the next meme stock sensation. It’s been years since the iconic GameStop (NYSE: GME ) short squeeze of 2021 gave rise to the term. Yet the r/WallStreetBets crowd is still on the hunt for a similar company that can be sent to similar levels. Other popular Reddit stocks like AMC Entertainment (NYSE: AMC ) and Bed Bath & Beyond have briefly surged and set the social media wires blazing, only to quickly fizzle out and fall back to where they belong. For all the speculation from retail traders, there’s no denying that many popular meme stocks end up disappointing…

Mortgage rates are falling but borrowers are still feeling the squeeze – a…

Around 5 million households have seen their mortgage interest rate change since the Bank of England base rate started to rise in late 2021. Over the course of the 2023 alone, the base rate increased from 3.5% to 5.25% , surpassing economists’ expectations and pushing mortgage rates to the highest levels since 2008. For some people, repayments have increased by hundreds of pounds overnight. Many people facing increased monthly mortgage payments were already managing stretched budgets due to the rising cost of living. Inflation for households with mortgages is estimated to be the highest for any socio-economic group . Some households…

Global triggers: why these five big issues could cause significant problems in…

The tensions between the US and China made the global economy shudder in 2023. The ramifications of the Ukrainian war echoed beyond the country’s border. In Africa, the coup d’état in Niger and Gabon contributed to the global democratic retreat of recent years and the Hamas/Israel conflict has so far resulted in thousands of deaths . Such trends of global power tensions, open war, democratic decline and extreme job market fluctuations are likely to continue in 2024. With this in mind, here are five global geopolitical and economic trends to watch out for. As the Brics (Brazil, Russia, India, China, South Africa) organisation…

There Are Tons of Sales on Tech Software Right Now: Up to 88% Off

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