Last week Americans celebrated the most important Holiday of the year; Black Friday. Economists had mixed opinions about consumers, which make up 65-70% of US GDP. While everyone agreed sales were strong, some economists predicted that many people did all their shopping already, and predict weak overall retail sales for the Holiday Season.
Book of the week: The Growth Map: Economic Opportunity in the BRICs and Beyond by Jim O’Neill, head of Goldman Sachs Asset Management, and the man who coined the term BRICs. See upcoming article here-Goldman’s Jim O’Neill Reflects 10 Years After Coining ‘BRIC’?.
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Einhorn Tells Investors: Tesla Is Gaming S&P 500 Index Committee
The Federal Reserve has poured unprecedented levels of stimulus into the U.S. economy to deal with the pandemic, and most experts agree that inflation is just around the corner. David Einhorn has positioned his Greenlight Capital to benefit from inflation when it arrives. Q2 2020 hedge fund letters, conferences and more SORRY! This content is Read More
Last week’s poll results:
Book of the week