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King, the former governor of the Bank of England, made a big mistake by saying that the “upward” trend in inflation risk gave forward-looking guidance
Mervyn King believes that central banks should do away with forward-looking guidance. After Brexit and the COVID-19 pandemic, the economic structure is being rapidly restructured. Former Bank of England Governor Mervyn King said that the risk of global inflation is rising, and it is easier to find the risk of rising prices than to find the forces that may drive it down. “The central bank is really worried about inflation right now,” he said in an interview with Bloomberg TV. “It's much easier to see an upward risk compared to a downside risk.” King said that a series of structural changes in the UK economy mean it will be difficult to formulate monetary policy in the next few years. He built
Indian mobile payment giant Paytm is seeking a valuation of around $20-22 billion
On October 7, India's mobile payment giant Paytm is in negotiations with Abu Dhabi Sovereign Wealth Fund, Singapore Government Investment Corporation, BlackRock, and Nomura to select investors for India's IPO. According to initial investor feedback, Paytm will seek a valuation of around $20-22 billion.
Bond industry boss El-Erian urges the Fed to act early, otherwise the reduction will not be carried out in an orderly manner
El-Erian said “the time window is closing” to avoid market disruptions. At a time when the housing market is booming, El-Erian questioned the need to buy mortgage bonds. Regarding reduced debt purchases, Allianz chief economic adviser Mohammed El-Erian's suggestion to Fed Chairman Powell was to “act quickly.” The bond industry boss has been urging the Fed for many months to reduce the scale of asset purchases before inflation intensifies and impacts financial markets. A week ago, Powell said that the Federal Reserve may begin to cut prices in November and end debt purchases by mid-2022
Musk has become the richest man in the world again, with a wealth of nearly 200 billion US dollars.
Tesla, Inc. CEO Musk has re-emerged as the world's richest man, with assets of $199.9 billion, after Musk's SpaceX completed a new round of financing, raising $850 million from investors led by Sequoia Capital, in which SpaceX was valued at $74 billion, up 60 per cent from August, increasing Musk's net worth by about $11 billion.
Tesla, Inc., the top 20 stocks with the largest turnover of US stocks on February 18th, suffered profit-taking.
In the early morning of the 19th, Beijing time, U. S. stocks closed lower on Thursday, with profit-taking trading causing large technology stocks to fall. Disappointing data on initial claims for unemployment benefits and Walmart Inc's performance guidelines discouraged investors. The market is worried that the rise in US bond yields will raise inflation and hit US stocks. The Dow fell 119.68 points, or 0.38%, to 31493.34; the Nasdaq fell 100.14 points, or 0.72%, to 13865.36; and the S & P 500 fell 17.36 points, or 0.44%, to 3913.97. Affected by investor profit-taking, Tesla, Inc., who recently led US stocks to new highs,
调查显示逾九成富裕投资者认为美股处于或接近泡沫