- Brent oil held above $60 a barrel as US inventories fell sharply, boosting WTI crude futures. The EIA reported that US crude stocks dropped by 10 million barrels last week.
- Concerns about slowing economic growth and its impact on oil demand due to the US-China trade war are keeping overall price increases in check.
- Nippon Steel will cut its planned capital expenditures for the next three years by 10-20% due to weaker steel demand and profits from the US-China trade war and higher material costs. The cuts could total $1.6-$3.2 billion. It aims to boost productivity and raise prices to improve earnings.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Commodity newsletter 30 8-19
1.
2. 1
ENERGY
Brent oil holds above $60 as lower inventories boost WTI
Brent oil held above $60 a barrel on Thursday, withstanding pressure from
concerns about economic growth, while a sharp fall in U.S. inventories
boosted West Texas Intermediate (WTI) crude futures.
International benchmark Brent crude was up 2 cents at $60.51 a barrel by
1215 GMT. WTI was up 48 cents at $56.26 a barrel.
"If the API (American Petroleum Institute) unexpectedly supplied bullets to
oil bulls on Tuesday evening so that they could fire from all cylinders, the EIA
flung the door of the ammunition depot wide open yesterday," Tamas Varga
of oil brokerage PVM said.
The U.S. government's Energy Information Administration said on
Wednesday that American crude stocks dropped last week by 10 million
barrels, while gasoline and distillate stocks each fell by 2.1 million barrels.
On Tuesday, industry body API said U.S. crude stocks had fallen by 11.1
million barrels last week.
U.S. weekly crude production rose 200,000 barrels per day to a new record at
12.5 million bpd in the week to Aug. 23, the EIA said.
Concerns about a slowdown in economic growth due to the trade war raging
between the United States and China, the world's biggest oil consumers,
along with the potential hit to oil demand, are keeping prices in check.
"Trade tensions (are) hanging like a dark cloud threatening to rain over oil
prices," said Jeffrey Halley, senior market analyst at OANDA.
China's commerce ministry said on Thursday China and the United States
were discussing the next round of face-to-face trade talks scheduled for
September, but hopes for progress hinged on whether Washington could
create favourable conditions.
3. 2
PRECIOUS METAL
GOLD FUTURES UP ON GLOBAL CUES, SPOT DEMAND
Gold prices rose 0.21 percent to Rs 38,925 per 10 gram in
the futures trade on Friday as speculators widened their
bets, tracking a firm trend overseas.
On the Multi Commodity Exchange, gold for delivery for
October contracts traded higher by Rs 122, or 0.21
percent, to Rs 38,925 per 10 gram in a business turnover
of 2,987 lots.
The yellow metal contracts for the December delivery
also traded higher by Rs 111, or 0.28 percent, to Rs
39,438 per 10 gram in a business turnover of 251.
Analysts said the rise in gold prices was mostly on the
back of fresh positions built up by the participants taking
positive cues from global markets.
Globally, gold rose 0.25 percent at USD 1,540.70 an
ounce in New York.
4. 3
BASE METAL
NIPPON STEEL TO CUT CAPEX SPENDING AS U.S.-CHINA TRADE
WAR CRIMPS DEMAND
Nippon Steel Corp will cut its planned capital expenditures for the three-year period to
March 2021 by between 10% and 20% as weaker steel demand amid the U.S.-China
trade war has eroded its profits, a company official said on Friday.
With a planned capital expenditure budget of 1.7 trillion yen ($16 billion) during the
period, the company could cut between 170 billion to 340 billion yen ($1.6 billion to
$3.2 billion) in spending.
Slowing global steel demand for automobiles and machinery because of the trade row
and higher materials costs have battered Japanese steelmakers’ quarterly earnings,
forcing them to cut their annual forecasts or give bleak guidance.
Earlier this month, Nippon Steel, Japan’s top steelmaker, reported a 33% drop in
business profit for the April to June quarter and predicted a 56% plunge in profit for
the year through March 2020.
The world’s third-biggest steelmaker said at the time that it would reduce planned
capital expenditure and sell assets worth 200 billion yen in light of the slumping
earnings and to maintain financial health.
“We have already largely picked targets worth about a 10 percent cut,” Yuichiro
Kaneko, head of the investor relations department at Nippon Steel, told Reuters by
phone.
Some planned spending on regular maintenance or upgrades for its domestic plants
will be delayed, while spending to bolster the efficiency of some production facilities
may be delayed as it prioritizes repairs and upgrades on the facilities with higher
efficiency, he said.
Nippon Steel Executive Vice President Katsuhiro Miyamoto told Reuters earlier this
week that it aims to raise product prices and boost productivity by streamlining its
manufacturing structure to help shore up faltering earnings.
Demand for flat steel used in automobiles and machinery is slowing in China,
prompting fears of an increase in regional exports at a time when the broader Asian
economy is stumbling due to trade war, he told Reuters in an interview.
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