9 April 2019

1) In ten years, the US debt to GDP ratio will be equal (100%). The debt to GDP ratio is presently 78%, the highest since the end of World War II, but it’s anticipated to be 96% by 2028. To bring this into perspective, countries with sever economic problems such as Greece have a ratio of 188%, Italy 130%, Portugal at 120% and Spain with 97%. On the positive side, Germany has a ratio of 59%. The IMF is warning of the problem for America if the ratio is left to continue as is. A high ratio hinders a government’s ability to counter any economic downturn. America’s entitlements is the principle cause for the increase, because when Social Security was started, there were 16 workers to support each retiree, now there are just 2.6 workers.

2) European Union borrowers are eager to see how a Brexit extension will effect markets, by possibly reducing the uncertainty that Brexit has brought on. This spring, the IMF and World Bank will be meeting for their annual conference on world economic matters.

3) Tesla, the maker of electric automobiles, is starting its new quarter with another round of cuts of sales staff following poor deliveries. The company is closing some of it’s show rooms in favor of online sales. These actions are rattling investors by stoking confusion.

4) 8 APR 19 Stock market closing:

Dow                          26,341.02     down     83.97
Nasdaq                       7,953.88           up     15.19
S&P 500                      2,895.77           up       3.03

10 Year Yield:    up   at    2.52%

Oil:    up   at    $64.46

19 February 2019

1) Saudi Arabia has invested $20 billion dollars in Pakistan, including $10 billion dollars for an oil refinery.

2) Seven members of the British parliament have resigned over Brexit. They couldn’t abide the labor parties movement towards the left with anti-semitism and racism.

3) A Spanish warship tried to intimidate a British civilian ship to exit the waters around Gibralter to assert Spain’s sovereignty claim over the British territory of 300 years. With Britain exiting the European Union (Brexit), Spain is renewing its efforts to reclaim the territory.

4) 18 FEB 19    Stock market closings:

Dow             25,883.25     up    443.86
Nasdaq           7,472.41     up      45.45
S&P 500          2,775.60     up      29.87

10 Year Yield:     up   at    2.67%

Oil:     up    at     $56.06

BUSINESS TELECOM TYCOON CARLOS SLIM INVESTS EN ESPANA FAILING COMPANIES!!!!!

Carlos Slim pic

By: Econonmic & Finance Report

 Carlos Slim has recently invested money in Europe in a couple of major  acquisitions in Spain. Mr. Slim has been buying up shares in failing businesses in Spain since the fall of 2014, he is  expanding his empire in European countries, such as Spain and Austria. He recently placed shares in Bankia a Spanish bank that owns the real estate company Realia.

In 2014 Slim invested money in Austria, taking over Austrian telecom company Telekom. Mr. Slim’s bid to take over these companies is definitely a sure sign that he wants his empire to expand from Latin America into the European region. He is ranked as the #2 richest person in the world by Forbes Magazine. -SB