Developing countries like the Philippines are struggling with hyperinflation. Month-long lockdowns and extensions hurt its economy. The country's inflation rate is at 4.7%, as of February 2021.
This March, Jamie Dimon, CEO of JPMorgan, said in an interview with Bloomberg that “There’s a very good chance you’re going to have a gangbusters economy for the rest of this year and easily into 2022.”
In the midst of a crisis, how can central banks work out what is happening in the market in real-time? How can they obtain the necessary data to make quick and important decisions?
Whether we look to the firing of traders by JP Morgan in April, or financial institutions fining bankers for data breaches – such as a former managing director at Jeffries who was fined over £37,000 for sharing confidential client information over WhatsApp – the importance of compliance monitoring is indeed large.
“Europe remains at a disadvantage to the US and China, thanks to its lack of successful technology giants, such as Microsoft and Google on one side of the Pacific and Alibaba on the other.
Once easyJet’s fleet was off the ground again there was a moment of: “are easyJet shares ready for take off?”, often followed by a “forget easyJet’s share price, I’d buy these stocks instead”. And like easyJet, society has also stumbled from one lockdown to another in the COVID reality of 2020, never knowing if we can take that flight to Spain, or, not.
It is a great day for science. It is a great day for humanity when you realize your vaccine has 90% effectiveness. That’s overwhelming,” claimed the CEO of Pfizer in an interview with CNBC’s Meg Tirrell on “Squawk Box.” “You understand that the hopes of billions of people and millions of businesses and hundreds of governments that were felt on our shoulders. Now... I think we can see the light at the end of the tunnel.”
This followed the downward revision of sales for July, with Arthur Idiatulin from the broker Tickmill reporting that total consumer spending in the US remained approximately 6.5% below January 2020.
Trump might want to shove the blame on to China for the Virus, but ultimately it is New York and the wider US who have felt the Cold the most and by ricochet the World will ultimately have to plan the future based on how the US bounces back from the Virus.
