Market Talk – October 9, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 340.42 points or 0.87% to 39,277.96 • Shanghai decreased 230.92 points or -6.62% to 3,258.86 [...]
This year’s World Economic Conference was most interesting. We really had to put our thinking caps on because we have entered the Great Unknown where Keynesian Economics has crumbled to dust. We have to reassess the future and how this will unfold as the central banks are beside themselves in many countries and the contagion of Quantitative Easing combined with Negative Interest rates has completely altered the economy and have driven a huge wave of disparity between Public v Private sectors of the economy. This is clearly the times that will test the best skills of what traders are made of.