Business in a nutshell.
A collection of the best content BSOC has to offer, with recaps of all things business every month.
Interest rates show signs of easing as hyperinflation affects the world
The past week of economic events has been largely muted, with central banks worldwide warning of the dangers of continued inflation. In the USA, Fed minutes from the November meeting revealed that officials expect to switch to smaller rate increases “soon” — although they retain concerns about the state of the economy. Markets have been correcting upwards in response to this gradual pivot, and expect a 50 basis point rate hike in December. See https://lnkd.in/gysxa8n7 for more information.
FTX collapses and layoffs wreak havoc on technology companies
The past week has seen several unprecedented events in the business world, including the collapse of crypto giant FTX, mass layoffs at technology companies, and changes in Disney management. For one, the $32-billion-dollar cryptocurrency exchange run by Sam Bankman-Fried, FTX, filed for bankruptcy —
Inflation eases as Wall Street & the ASX surge
Recent economic events have been largely US-centric, with inflation metrics and midterm elections giving insights into the future of the economy. While the rate of inflation has temporarily eased in October, a divided Congress, with paper-thin majorities for the Republicans in the House, and Democrats in the Senate makes it nigh on impossible for the Biden Administration to push ahead with any substantial reform to alleviate inflationary pressures.
Is Trussonomics over before it really begun?
Kwasi Kwarteng's mini budget in September brought into sharp focus the idea of "Trussonomics," a so called "mixture of tax cuts, sharp reductions in public spending and higher interest rates," which aimed to reverse the Johnson Government's corporation tax rises and abolish the 45% tax bracket.
