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ATAF - Economy & Market News 🇺🇸 ️ 🇺🇸 ️ 🇺🇸

Logo of telegram channel transamericanfriendship — ATAF - Economy & Market News 🇺🇸 ️ 🇺🇸 ️ 🇺🇸
Logo of telegram channel transamericanfriendship — ATAF - Economy & Market News 🇺🇸 ️ 🇺🇸 ️ 🇺🇸
Channel address: @transamericanfriendship
Categories: Business , Cryptocurrencies , Economy News
Language: English
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ATAF - Business, Economy & Stock Market
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The latest Messages

2022-10-03 14:02:47
'Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels

It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations and the banks’ credit default insurance levels are approaching degrees not seen since 2008.

Investors believe that the two financial giants are facing a significant crisis and they don’t believe the statements made by the Credit Suisse. Some have criticized the banks’ auditing process as they believe Credit Suisse and Deutsche Bank are up to their necks in debt and bad loans.

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28 views11:02
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2022-10-02 14:05:55
World Economic at a Glance

The World Economic View in real-time information services by ATAF is the web-based source that covers the global economy and financial markets around the clock. The service provides real-time analysis of key economic and financial market developments along with leading indicators, forecasts, and analyses of the global economy. ATAF's World Economy at a Glance provides its users with Economic Market Data and enable them an easy access to thousands of economic indicators, analysis of economic events, trends, risks, and real-time charts of The Top Economies in the World.

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63 viewsedited  11:05
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2022-09-30 23:56:21
Germany's Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to 'Make Prices Drop'

Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit inflation.

“The high energy and food prices, which are likely to rise further in the coming year, are causing significant losses in purchasing power,” Torsten Schmidt, the head of economic research at the Leibniz Institute for Economic Research told the New York Times on Thursday.

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180 views20:56
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2022-09-28 23:00:46
Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds

Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene in bond markets. U.K. government bond yields have been erratic and the pound sterling also dropped to a lifetime low against the greenback. On Wednesday, the Bank of England noted that it was monitoring the “significant repricing” of U.K. assets very closely.

“This would lead to an unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy. In line with its financial stability objective, the Bank of England stands ready to restore market functioning and reduce any risks from contagion to credit conditions for U.K. households and businesses.”

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58 views20:00
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2022-09-26 20:25:30
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets against the Greenback

While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told the press China would pay for natural gas with rubles and yuan. Moreover, Switzerland’s imports of Russian gold reached a high not seen since April 2020.

This week the U.S. Dollar Currency Index skyrocketed to new heights leaving a great number of fiat currencies worldwide badly bruised. For instance, two days ago, the European Union’s euro tapped a 20-year low against the U.S. dollar dropping to $0.973 on Friday.

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50 views17:25
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2022-09-24 13:01:36
Euro taps a $0.973 low against the US Dollar, Analysts claim British and EU Currencies are trapped in a 'Doom Loop'

On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat currencies like the yen, yuan, and pound have struggled against the greenback during the past six months. Analysts claim the pound and euro are trapped in a “doom loop” and it’s also been said that the U.S. dollar is “the only possible hedge” against a failing global economy.

As we said during this most recent dollar correction lower, nothing has really changed fundamentally and the global backdrop continues to favor the dollar and U.S. assets in general.

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58 views10:01
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2022-09-20 21:14:44
Default Risks are caused by Default Crisis

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251 views18:14
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2022-09-20 20:09:27
Elon Musk Warns Again About Troubles Ahead

Elon Musk is worried about the future of the economy.

The CEO of E-vehicle maker Tesla has been repeating for the past few days his fears about what awaits the economy as the Federal Reserve prepares to raise interest rates again in the hope of countering the inflation at its highest in 40 years.

The central bank is holding a two-day monetary meeting today. At the end of this meeting, economists, the business community and the markets expect the institution to raise its rates by at least 75 basis points, or 0.75% in view of the latest figures which show that the rise in the price of goods and services is far from calming down.

"It has seemed self evident to me for some time now that a 75 basis points move in September is appropriate," Summers said on Sept. 13. "And, if I had to choose between 100 basis points in September and 50 basis points, I would choose a 100 basis points move to reinforce credibility."

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254 views17:09
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2022-09-20 20:04:19
Biden Slammed After Stating Inflation Hasn't Spiked for Months — 'I Am More Optimistic Than I've Been in a Long Time'

U.S. President Joe Biden has shared his perspective on inflation. “I am more optimistic than I’ve been in a long time,” he said, noting that inflation has not spiked for several months. Many people disagree with Biden, with one saying that “families are poorer than when he took office.”

First of all, let’s put this in perspective. Inflation rate, month-to-month, was up just an inch, hardly at all.

I am telling the American people that we are going to get control of inflation … I am more optimistic than I’ve been in a long time.

Their healthcare costs are going to be a lot lower. Their basic costs for everybody, their energy prices are going to be lower.

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194 views17:04
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2022-09-20 00:07:52
Wall Street slips on rate-hike jitters

Wall Street’s main indexes slipped in choppy trading on Monday, extending declines for a third straight session, on worries that the Federal Reserve’s aggressive interest rate hikes could tip the U.S. economy into recession.

Five of the 11 S&P 500 sectors were lower. Healthcare stocks fell 1.6%, weighed down by a 9.5% fall in shares of Moderna Inc and similar declines in those of other vaccine makers a day after President Joe Biden said in a CBS interview that “the pandemic is over”.

The S&P 500 and the Nasdaq logged their worst weekly percentage drop since June on Friday as markets fully priced in at least a 75-basis-point rise in rates at the end of Fed’s Sept. 20-21 policy meeting, with Fed funds futures showing a 15% chance of a whopping 100 bps increase.

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230 views21:07
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