With the pandemic bearing down on the market, sales by insiders spared them $1.9 billion in paper losses
Euromoney claims that they are among the top financial experts in the world. They wanted to prove this recently by trying (trying) to ‘debunk’ the “conspiracy theory” claiming that the pandemic bonds system is rigged. They miserably failed.
Financial vehicles like this are not created out of compassion for “poor countries”, anyone believing otherwise is being taken for an expensive ride to the bottom of their pockets.
The World Bank’s “pandemic bonds” that exist today will mature on July 15 of this year. The Class A bonds feature an interest rate of 7% while the Class B bonds’ rate is 11%. When a global pandemic is declared before July 15 the control grid syndicate loses $425 million in bond assets and they will lose the 7% and 11% interest.
China’s local governments and e-commerce platforms are moving to reduce rents and offer financial support to help small businesses tide over the novel coronavirus outbreak.
The study found that import prices for Chinese goods “seem unaffected” by the additional tariffs, meaning that Chinese companies have not been lowering their prices to offset tariffs.
After sparking much apocalyptic speculation following the previously reported WSJ article according to which Bridgewater has a $1.5 billion short position on the S&P which implies a sharp market drop before March 2020, the fund’s founder, Co-Chairman and Co-CIO has come out refuting the WSJ article.
As capital controls and banking restrictions continue to affect various populations worldwide, standing in the way of individuals and their hard-earned savings, some are looking to safer options and even cryptocurrencies.
Consumer group Which? has told shoppers in the UK to be wary of what they describe as the ‘Great Black Friday Swindle’ after analysing dozens of offers from Amazon…
The largest milk producer in the United States, Dean Foods, has filed for bankruptcy. The dairy industry has seen declining profits in recent years as fewer people are drinking cow’s milk