Is Black Monday 2024 Over




Come August till October, it is usually the time of the year crashes were to happen. ....
By the look of it, the global financial market is entering the witching period of the year. There was a sell-off on Wall Street last week arising from a poor job data which indicate recession is coming in.  

Extract from The Guardian last Friday, below:
The US labor market cooled significantly last month as unemployment unexpectedly rose, sparking fears of a slowdown across the world’s largest economy

American employers added 114,000 jobs in July – short of the 180,000 additions expected by economists, and a marked decrease from the 179,000 added in June

The headline unemployment increased to 4.3%, its highest level since October 2021, up from 4.1% the previous month

Wall Street fell sharply following the official release. The S&P 500 declined 1.8% to a two-month low, as the technology-focused Nasdaq fell 2.4% and entered “correction” territory, having retreated 10% from the record high it scaled last month

On the campaign trail, the strength of the US economy has become a key issue. With many still feeling the pinch from years of high inflation, a majority of Americans wrongly believe the US is in recession, according to a Harris poll for the Guardian earlier this year.
Federal Reserve
It looks to be a typical "too little, too much" or "too early, too late" of most Government policy intervention. Elon Musk lambasted Fed as foolish for not already cutting interest rate in his comment of Fed Chairman Jerome Powell for saying of plan to do so by September last Wednesday. 
That sent market into a tailspin and amplified by the poor job data on Friday. 
Read on in Thick as a Brick HERE

It turned out the root of it from the Japan's BOJ decision to raise interest rate that sent arbitrageurs scrambling .... 
According to market watchers, the Black Monday few days ago was sparked by a squeeze on carry trade, a similar arbitrage trading strategy used in the 1997 attack on Ringgit which Mahathir conveniently picked on George Soros. 
What is interesting is the following observation:
Pax Asiana or BRICS 
Unlike 1987 when G7 dictate the direction of the global economy and Wall Street was the leading market, it is interesting that Black Monday of 2024 was triggered by events in Japan.
Its build-up was from the Far East more than six months ago. And, Wall Street managed to regain composure from leads provided by Tokyo. 
Is it confirming the end of the global dominance of Pax Americana and beginning of the long awaited Pax Asiana? Throw China and Russia in the picture, it is perhaps the shift from unipolarity to multiparity with BRICS replacing the role of G7?     
Wall Street is expected to be listless for a short while as caution sets in and market takes a breather after the bloodbath. The massive fall this time is far worse than the crash of 1929 or Black Tuesday that became the precursor to the Great Depression and World War II. 
The recovery on Wall Street will not be any more than bargain hunting and not any aggressive buying. 
Ponder this. Confidence will not return with Warren Buffet loudly announcing having sold half his holdings in Apple and reiterated again he is switching to cash. Apparently he has been a net seller of equities since October 2022.
Personal finance author, Robert Kiyosaki may not have the best track record in predicting market crash, but George Soros former partner in Quantum Fund, Jim Roger is also going cash. 
He is predicting the  "next market sell-off will be worst in lifetime" and described "global good time nearing the end". Jim prefer sugar and rice over Bitcoin.  
The likelihood attention will shift to markets in Asia for leads on the direction of global equities, in which the economies remained resilient




Read on in Thick as a Brick HERE. 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://anotherbrickinwall.blogspot.com/2024/08/is-black-monday-2024-over.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Terengganu Only Perikatan State To Not Send Female Gymnasts To Sukma 2024 Over Attire Concerns

Terengganu Only Perikatan State To Not Send Female Gymnasts To Sukma 2024 Over Attire Concerns

papar berkaitan - pada 14/8/2024 - jumlah : 163 hits
Terengganu has decided not to send female gymnasts to this year s Malaysian Games due to concerns over attire that does not align with Islamic guidelines making it the only Perikatan Nasional led state to impose such a ban Malaysiakini repo...
Penduduk Malaysia Dianggar 34 1 Juta Pada 2024

Penduduk Malaysia Dianggar 34 1 Juta Pada 2024

papar berkaitan - pada 1/8/2024 - jumlah : 121 hits
JUMLAH penduduk Malaysia pada 2024 dianggarkan 34 1 juta berbanding 33 4 juta pada 2023 dengan pertumbuhan 1 9 menurut Anggaran Penduduk Semasa Malaysia 2024 yang dikeluarkan oleh Jabatan Perangkaan Malaysia Dalam satu kenyataan Ketua Peran
Complete Vaccination Or Face Action Ministry Staff Told The Sun 31 07 2024

Complete Vaccination Or Face Action Ministry Staff Told The Sun 31 07 2024

papar berkaitan - pada 31/7/2024 - jumlah : 117 hits
PETALING JAYA A circular issued on July 12 by the office of the Education Ministry secretary general warned all ministry employees that disciplinary action would be taken against them if they failed to obtain complete Covid 19 vaccinations ...
Pasar Malam Kl 2024 Lokasi Dan Hari Dibuka

Pasar Malam Kl 2024 Lokasi Dan Hari Dibuka

papar berkaitan - pada 31/7/2024 - jumlah : 153 hits
Sekiranya anda mencari pelbagai juadah menarik untuk makan malam sekitar Kuala Lumpur pasar malam merupakan antara lokasi menarik yang boleh anda pergi kerana disinilah terdapat banyak juadah yang dijual pada harga yang berpatutan Pasar mal...
Telkom Gelar Digiland Run 2024 Lautan Manusia Penuhi Kawasan Senayan Semanggi

Telkom Gelar Digiland Run 2024 Lautan Manusia Penuhi Kawasan Senayan Semanggi

papar berkaitan - pada 1/8/2024 - jumlah : 100 hits
Digiland Run sukses ajak 10 000 an pelari sekaligus menjaga kelestarian lingkungan pada Digiland Run 2024
Cancer Monthly Horoscope For August 2024 Predicts New Projects And Challenges

Cancer Monthly Horoscope For August 2024 Predicts New Projects And Challenges

papar berkaitan - pada 1/8/2024 - jumlah : 150 hits
August brings growth and transformation Embrace changes enhance relationships and advance professionally This month is all about transformation and growth for Cancer Changes in various areas of your life may feel overwhelming initially but ...
Nikmati Kopi Lovns Dengan Cawan Berinsulasi Ais Pertama Dunia

Earth Symphony Green Cirque Fest 2024 A First Of Its Kind Eco Circus Celebrating Sustainability In Southeast Asia

Zaman Sekarang Rakam Dulu Baru Tolong

12 Waktu Paling Mustajab Untuk Doa Mudah Dikabulkan

Mpox Vaccination Kicks Off In Drc After 859 Deaths This Year

Auditors And The Bottomless Money Pit Called Taxpayer

Lg Shines At Idea 2024 Two Gold Awards Celebrate Innovative And Inclusive Design

2 Perkara Islam Pilihan Pas Tahniah Mb Johor


echo '';
Info Dan Sinopsis Drama Berepisod Mr Hiiragi s Homeroom Yang Diadaptasi Ke Siri Malaysia Kelas Tahanan Cikgu Hiragi

5 Bukti Jelas Bagaimana Teknologi Moden Buat Kita Tak Reti Berfikir

10 Fakta Drama Berepisod Kelas Tahanan Cikgu Hiragi Adaptasi Mr Hiiragi s Homeroom Astro Ria Sooka Fakta Yang Ramai Tak Tahu

5 Isu Utama Pelajar Genius Usia Muda Masuk Universiti Awal

Resepi Sup Ayam Thai Paling Menarik dan Senang Dibuat Rasa Sekali Pasti Terpikat


Tokoh Terkemuka Aswaja Kalah Saman Dengan Menantu Ini Fakta Kes

Dah Setahun Tak Ambil Gula Fezrul Khan Bimbang Ikut Jejak Ramai Kenalan Derita Kencing Manis

Tak Ingin Di Jejaki

Tambiau Forest House Ranau Sabah

Jambu Bertih Rosak

Win Big With Toshiba Tv S October Sensation Promo