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Showing posts from August, 2019

A darkening economic outlook

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Factories are slumping, many businesses are paralysed, global growth is sputtering and the world’s two mightiest economies are in the grip of a dangerous trade war. Barely a year after most of the world’s major countries were enjoying an unusual moment of shared prosperity, the global economy may be at risk of returning to the rut it tumbled into after the financial crisis of 2007-2009. Worse, solutions seem far from obvious. Central banks can’t just slash interest rates. Rates are already ultra-low. And even if they did, the central banks would risk robbing themselves of the ammunition they would need later to fight a recession. High government debts make it politically problematic to cut taxes or pour money into new bridges, roads, and other public works projects. “Our tools for fighting recession are no doubt more limited (than) in the past,” said Karen Dynan, an economist at Harvard University’s Kennedy School. The International Monetary Fund (IMF) and the World Bank have dow

Nicole Junkermann entrepreneur and investor

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Nicole Junkermann is a business leader, entrepreneur and investor. She is focused primarily on the crossover between the media and technology sectors. German born and London-based, Junkermann is the founder of NJF Holdings , which includes NJF Capital, NJF Private Equity, NJF Real Estate and The JJ Collection. Nicole Junkermann is among a new group of well-connected, successful entrepreneurs. She believes that digital innovation and experimental technology will create breakthroughs in areas from medicine to education, and from retailing to premium content consumption. Nicole Junkermann career Nicole Junkermann began her business career as a co-founder of football gaming portal Winamax. Following its sale in 2001, she invested in newly-founded Infront Sports and Media, a sports media rights agency. Three of her early investments, Songza, Dollar Shave Club and RelatelQ, were acquired by Google, Unilever and Salesforce, respectively. Nicole Junkermann’s holdings and activities

The worst is yet to come

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Be ready: the worst is yet to come. Financial markets are flashing a key warning sign of a recession, and the global economy is weakening as the U.S.-China trade war intensifies. All of which is heightening fear about the U.S. economy and about whether the Trump winning streak is nearing an end. On Wednesday, a rare realignment in interest rates intensified those worries. The yield on the benchmark 10-year U.S. Treasury note briefly fell below the yield on the 2-year Treasury for the first time since 2007. Normally, investors earn higher interest on longer-term bonds than on short-term ones. Put another way, the government will usually pay more to investors who are willing to lend their money for longer periods. So when that equation reverses itself — when longer-­term Treasurys pay less than shorter-term ones — economists call it an “inverted yield curve.” An inverted curve suggests that bond investors expect growth to slow so much that the Federal Reserve will soon feel