Links 8/27/2024
We haven't written up this one. Naked Capitalism has the full story — the link below goes straight to it.
More in Finance & Markets
The ‘Burn the Bonds’ Stage of the Debt Cycle Is Here
High indebtedness has prompted a call for France to cancel part of its public liabilities. Ideas spread, so expect similarly unorthodox demands elsewhere as governments grapple with high debt, while…
Bitcoin tests its largest supply wall at $80,000, near ETF holders’ average price
Bitcoin is testing its largest supply cluster alongside the key 50-week moving average.
Royal Bank of Canada Notches Record Income
Royal Bank said third-quarter income rose to 6.02 billion Canadian dollars, or C$4.23 a share, from C$5.41 billion, or C$3.75 a share, a year earlier.
CAC 40 Declines Amid Fitch Rating Review, Political Uncertainty
(RTTNews) - The French stock market's benchmark index CAC 40 fell to a one-month low on Thursday as investors made cautious moves ahead of Fitch's review of the nation's sovereign credit rating and on…
History Says September Is the Worst Month for Stocks. Here's What Investors Should Actually Do.
Key PointsThe S&P 500 falls by more than 1% on average in September.
Hong Kong retirees’ living costs grow 3 times city’s average on more northbound travel
Hong Kong retirees are facing living cost growth nearly three times the city’s average over the past five years, mainly driven by the strong demand for northbound travel, according to a new report.