The Strategist
Markets & Industries

Researchers: LEGO sets are better investment than gold and bonds - 12/03/2021

In a study published in the journal Research in International Business and Finance, economists at the Higher School of Economics found that old LEGO kits show a better return on investment over time than stocks of large companies, gold, bonds and alternative sources of investment. The researchers looked at pricing patterns from 1987 to 2015 and found that the average return on investment for LEGO...

Bank of America gives oil price forecast for 2022 - 12/02/2021

US banking giant Bank of America (BofA) predicts the average price of Brent crude will be $85 a barrel next year, the bank's global head of commodities and derivatives research, Francisco Blanch, said. "We believe the average price of Brent crude will be $85 next year. This is our official forecast," Blanch said during the bank's webinar reviewing the energy market for 2022. He noted that the...

UNCTAD: World trade growth may exceed 20% in 2021 - 12/01/2021

World trade in 2021 could grow by 23% from 2020, according to a UN Conference on Trade and Development (UNCTAD) report released on Tuesday. "World trade is expected to reach around $28 trillion in 2021, an increase of 23% compared to 2020," the report reads. UNCTAD expects trade in goods to reach a record high of $22 trillion in 2021. Trade in services in 2021 is estimated at about $6 trillion,...

Study: Digital Dollar and Euro may outperform weaker currencies - 11/30/2021

The monetary independence of developing economies is threatened by central bank digital currencies (CBDCs). Foreign money there is allowed to circulate, but local currency can be in a small supply - although weak currencies usually win competition for circulation, while hard currencies are used for savings. Sebastian Edwards, an economist at UCLA's Anderson Graduate School of Management, looked...

OPEC+ postpones two meetings to better assess impact of new COVID-19 'omicron' strain - 11/29/2021

After the oil price plunged on Friday, OPEC+ postponed two meetings for a few days to examine the impact of the new COVID-19 "omicron" strain on the market, Bloomberg said, citing sources. "In the aftermath of last Friday's oil drop, OPEC+ is postponing two technical meetings to later dates in the week to allow its committees more time to examine the impact of the new coronavirus strain," the...

Expert: Fertilizers shortages could cause famine in the world's poorest countries - 11/29/2021

Food shortages and famine in the world's poorest countries might result from a worldwide fertilizer deficit, Svein Tore Holsether, executive director of Yara International, a Norwegian fertilizer firm, told the BBC. According to him, the global fertilizer industry is now in deficit. Ammonia, which is used in many fertilizers, is made from gas, whose price has risen dramatically, raising the...

WSJ: Labour market recovery boosts consumer spending - 11/26/2021

At the end of the year, the US economy is showing numerous signs of acceleration. Consumers are increasing spending, companies are picking up the pace of capital investment and jobless claims are falling to historic lows. Consumer spending rose 1.3% in October compared to September, while incomes rose 0.5%, according to data released by the US Department of Commerce on Wednesday. The...

Business Insider: China is on the verge of housing crisis - 11/26/2021

China is on the threshold of a housing catastrophe that the country has never been seen before. According to Business Insider, it will affect multiple generations of Chinese people at the same time. The Chinese government's strategy has resulted in the growth of intra-family financing. Experts now expect that whole families will go bankrupt. The nation is attempting to avoid the imminent...

Fitch raises global metal price forecasts - 11/24/2021

International rating agency Fitch Ratings has raised its outlook on the value of metals over the coming years, according to a new report from the agency. Fitch forecasts the spot price of nickel on the London Metal Exchange (LME) at the end of the current year at $18.25 thousand per tonne instead of $16.5 thousand. The forecast for next year has been raised to $16,000 from $15,000 per tonne,...

Mexican President calls for import substitution in North America - 11/19/2021

Mexican President Andres Manuel Lopez Obrador, speaking at a trilateral meeting with US and Canadian leaders, suggested that President Joe Biden and Prime Minister Justin Trudeau jointly plan for production on the continent to ensure import substitution and thereby limit China's dominance of the global market. In particular, he noted that Canada, the US and Mexico account for 13% of the global...
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