30 March 2019
Question: According to MSN: Money, what is the average American Salary per week?
United States – Pg. 7
– …as Mr Trump’s re-election campaign begins to gather pace, it could turn out that the event this week with a more significant impact on the president’s prospects was not the Mueller report but the ominous signals from the bond market
– The global bond rally came as a range of central banks adopt a dovish stance in the face of slowing growth in Europe and parts of Asia – as well as the US itself
– The Fed is expecting growth of 2.1% in 2019, weaker than the 2.9% figure recorded for 2018. Recent US data point to a further slowdown: The Atlanta Fed is projecting annualized growth of 1.5% for the first quarter. If the bond market is right, the economic prognosis could be on the cusp of getting grimmer at a dangerous time for a president preparing to campaign for re-election
– ….”extraordinarily strong” correlation between an incumbent president’s margin of victory and household economic confidence, based on surveys going back to 1992
– The elder Bush failed to win a second term in 1992 after the economy went into a relatively brief recession and consumer sentiment slid
– Mr Bush accursed Alan Greenspan, then Fed Chairman, of costing him votes by failing to ease policy enough
Staggering valuations, equally large losses – Pg. 13
– Ecommerce group Amazon kept its backers waiting four-and-a-half years after its flotation before posting a small, $5m profit. By contrast, its losses had grown to $3bn at that point, but that did not hold back its shares
– Twitter listed in late 2013 but took four years to report its first profit of $91m in the final quarter of 2017. It shares were down more than 50% by then, however, as investors tired. Snap, which listed in early 2017, is still waiting for its turn to cheer owners
Answer: $900