Tourism Tumbles To 1990 Levels As Pandemic Halts Travel
While few industries have been spared by the impact of the COVID-19 pandemic, even fewer have been hit as hard as the tourism sector. As 2020 drew to a close with severe limitations to travel still in place, the World Tourism Organization (UNWTO) expects international arrivals to have declined by 70 to 75 percent compared to the previous…
Gold Tumbles Below $1800, Tests Critical Technical Support
As Crypto soars, non-digital-gold is plunging, with futures breaking below $1800 for the first time since July. Since the election and vaccine news, gold futures have crashed from $1960 to $1798… The big question is, will gold find support at its 200DMA, or is this a systemic breakdown that ignores the future deficit-spending collapse of…
China CPI Tumbles To 11 Year Low After First Drop In Pork Prices Since Feb 2019
In the latest confirmation that China can not be relied upon to reflate the world out of the covid crisis the same way it succeeded to pull the global economy out of the 2009 depression, moments ago Beijing reported that in October, China’s CPI inflation rose just 0.5% Y/Y in October, below the 0.8% market…