Week 47th
Welcome to our weekly newsletter! We bring you the most relevant news from November 17th to 24th, 2023. Get ready for an informative journey through the crazy world of economy, finance, and investment. And remember, if you enjoy what you read, don't hesitate to subscribe for more! ???
?? United States: Dollars, Debts, and Discounts Remember the Federal Reserve? Well, now it seems they will reduce bond purchases in December and plan to raise interest rates by mid-2024. Inflation and economic recovery seem to have given them wings. ?? Speaking of spending like there's no tomorrow, President Biden signed a $1.2 trillion infrastructure package that includes everything from roads to broadband. ?? In the realm of consumerism, Black Friday broke the internet sales record with $9.8 billion. Who said crisis? ??? And to top it off, Broadcom acquires VMWare for a modest $69 billion. Almost what I have in my piggy bank! ??
???? Spain: More Money, More Problems Spain is not to be outdone, with its government approving a draft budget law that increases public spending and raises the minimum wage. Oh, and they lower income tax for the more "modest" incomes. ?? The Bank of Spain, ever the optimist, raises its growth forecast but reminds us that inflation is still the villain of the story. ?? Repsol dives into the sea to store CO2 in Tarragona. Who said you couldn't be eco-friendly and an oil mogul at the same time? ?? And Lar Espa?a earns 55% more until September, proving that real estate is still more profitable than my savings jar. ??
?? Latin America: Surprises and Cooperations Argentina surprises us with the election of Javier Milei as president, whose plan includes privatizations and cutbacks. Hold onto your wallets! ?? Mexico and China join forces to fight drug trafficking, because, you know, unity is strength. ?? The World Bank cuts its growth forecasts for Latin America. It seems the party is winding down. ?? And Roche heads to Colombia with an investment of $240 million. The Swiss pharmaceutical company knows where the business is. ??
???? European Union: Rules, Debts, and Books The European Parliament approves a specific law on violence against women, defining rape based on the absence of consent. An important step, though not everyone agrees. ?? The European Central Bank reminds us that debts are bad, especially in times of inflation. Does anyone need a reminder? ?? The European Commission approves the EU countries' budgets for 2024, though Germany and France receive a disapproving glance. ?? And the Guadalajara International Book Fair features the European Union as the guest of honor. Who said man lives by bread alone? ??
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???? China: Tensions, Growth, and Warnings Xi Jinping and Joe Biden attempt to calm the waters in a meeting that covers everything from climate change to nuclear non-proliferation. ?? China reports 4.9% growth in the third quarter, but it seems it's not enough. Too high expectations? ?? China supports new countries joining the BRICS, while Argentina, under Milei's new leadership, turns its back. ?? And a warning to Uruguay: cutting ties with China would be a "grave mistake." Be careful with the steps you take! ??
?? Rest of the World: Wars, Oil, and Cryptocurrencies Ukraine advances on the war front, proving that not everything is lost. ??? OPEC+ postpones its summit and oil continues its rollercoaster ride. Who needs fossil fuels when you have solar energy? ?? The founder of Binance bids farewell, leaving behind a legacy of cryptocurrencies and headaches for U.S. justice. ?? And Moody's isn't very optimistic for 2024: high rates and economic slowdown. Prepare your financial umbrellas! ???
Wry Reflection of the Week: In a world where money moves faster than gossip at a family reunion, one wonders: Can dollars also get jet lag? Between rate hikes, record sales, and economic warnings, this week has left us more dizzy than a ride on the market's roller coaster. And meanwhile, we're still here, trying to figure out if stashing under the mattress is still the best investment. ????
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Elactrical Engineer at Energy Engineering
11 个月Thank you very much for the information. I am sorry, I don't need it. Because I retired. I am producing small wind bamboo turbines now and I am producing bamboo charcoal with leaves and branches from bamboo trees now. Then I am carrying it to the farmland and mixing it following the suggestion of Pari’s protocol. I think my activity is very small and not new but it's clear from reducing carbon dioxide from the air. That's why my priority is this. Carbo-neutral doesn't decrease carbon dioxide that was discharged after the Industrial Revolution. So if we could stop the discharging of carbon dioxide, climate change would not solved. If people do the same activity all over the world, we can reduce carbon dioxide at a cheap cost. I wish you great success. Sincerely yours,