International Monetary Fund

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3 Reasons Why Investing in Coronavirus Vaccine Stocks Is a Sucker’s Game

Biotech firms developing coronavirus vaccines have surged in recent weeks as cases and deaths rise. The history of vaccine development is riddled with failure. None of the recent human coronavirus strains have a vaccine yet despite SARS appearing nearly two decades ago. Global coronavirus cases are now over three million, while deaths have surpassed the…


ASX to fall; Trump pushing to reopen economy

ASX to fall; Trump pushing to reopen economy

Apr 17, 2020 – 4.18amAustralian shares are set to open slightly higher as Wall Street closed in the green despite fresh record unemployment in the US, as President Donald Trump pushed to reopen the economy early.US stock indexes ended a wobbly day with modest gains Thursday, while the biggest increases went to Amazon, Netflix and…



Wall St rises, ASX to open flat

Wall St rises, ASX to open flat

Apr 15, 2020 – 4.59amAustralian shares are poised to open higher as Wall Street rallied on hopes that the US will start to ease at least some virus related lockdown measures.ASX futures were up 11 points or 0.2% to 5501 near 7am AEST. The currency retook the US64¢ mark.US deaths top 25,000; WHO says virus…


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Wall Street caps best week since 1974 on latest Fed stunner

Apr 10, 2020 – 6.52amNew York | Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.The central bank announced programs to provide up to $US2.3 trillion ($3.6 trillion) in loans to households, local governments and…



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Bank of Canada’s Stephen Poloz reinforces perception rates are on hold

Bank of Canada Governor Stephen Poloz indicated he’s all but abandoned any bias for higher interest rates, saying officials are simply focused on keeping policy aligned with current economic conditions.Asked at a press briefing Saturday in Washington whether he’s done with hiking, Poloz said: “That’s a very data dependent question.” He also dismissed the idea…



American manufacturing is in danger of entering a mild recession this year

American manufacturing is in danger of entering a mild recession this year

Jeff J Mitchell/Getty US industrial production fell 0.6% in January, compared with expectations for a slight increase.  Manufacturing activity showed particular weakness, dragged down by falling motor vehicle output. The sector is expected to continue to decline, economists say, potentially entering a mild recession this year. A measure of factory output unexpectedly fell at the…


Trudeau’s housing strategy is vintage Harper — it was a bad idea then, and it’s a bad idea now

Trudeau’s housing strategy is vintage Harper — it was a bad idea then, and it’s a bad idea now

Justin Trudeau wants his fans (and leftish voters) to think he’s nothing like Stephen Harper. Stylistically, that’s true. And the current prime minister is as nonchalant about deficits as his predecessor was obsessed by them. But if you think about it, their headline economic policies aren’t so different. Team Trudeau’s favourite sop to the middle…