August 6, 2024

What Are Carry Trades and How Did They Contribute to This Week’s Global Market Mayhem?

August 6, 2024 AP and ZeroHedge 4

Carry trades involve borrowing at low cost in one currency to achieve higher returns from investments in another currency. Investors borrowed Japanese yen to buy US stocks and Treasury bonds. When Japan raised its interest rates, it affected global markets.

Monday’s Stock Market Crash Set a New Record for Losses

August 6, 2024 John Williams 3

An estimated 61% of Americans own stocks. The decline began last week after poor earnings reports and a weak July jobs report. 30% of Americans are behind on their bills and home prices have risen almost 40% since the last financial crisis in 2007. The job market is crashing.

Bangladesh Prime Minister Sheikh Hasina Resigns After Violent Protests and Flees Country

August 6, 2024 Middle East Eye 0

. Bangladesh’s long-serving Prime Minister, Sheikh Hasina, resigned and fled the country on Monday, after protesters defied a military curfew and stormed her official residence. Hasina, who had been in power for 15 years, fled the capital Dhaka along

Whitney Webb: This Is Why Elon Musk Really Bought Twitter!

August 6, 2024 Jimmy Dore 13

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