Video: Goldman’s Swell Sees ‘Enormous’ Demand for U.S. Fixed Income Assets (Bloomberg)

Goldman’s Swell Sees ‘Enormous’ Demand for U.S. Fixed Income Assets

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Zambia is running out of money to pay its debts. It has asked bondholders for breathing space so that it can put a restructuring plan in place. The copper-rich African state is at risk of being the first country to default on its debts since the start of the coronavirus pandemic.



a fire place sitting in a room: Photograph: Per-Anders Pettersson/Getty Images


© Provided by The Guardian
Photograph: Per-Anders Pettersson/Getty Images

But not the last. Zambia is

MARK HULBERT



a cat sitting on top of each other: You may be worrying about the wrong things.


© Getty Images/iStockphoto
You may be worrying about the wrong things.

Today’s investment pop quiz focuses on stock market volatility:

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How much does the stock market in a typical year deviate from its long-term average?

I’m willing to bet that your answer was way off, since virtually everyone gets it wrong. And that’s disturbing, since the incorrect answer leads to major retirement portfolio mistakes. Underestimate stocks’ volatility and you most likely will be led to make your retirement portfolio too risky. Overestimate it and you will be scared away from equities.

Read: Half of Americans over 55 may retire poor

To understand the answer to my quiz, consider that in the 123 calendar years since the Dow Jones Industrial Average (DJIA) was created in the late 1800s, it has produced an average price-only gain of 7.7%. On average, each individual year’s Dow return has been 16.3 percentage points above or below this 7.7%.

Last year came close to this, for example. The Dow in 2019 gained 22.3%, which was 14.6 percentage points above the historical mean.

Believe it or not, the typical investor believes stocks’ annual volatility is more than twice as high, according to recent research from the Center for Retirement Research at Boston College. The author, Wenliang Hou, a research economist at the Center, discovered this after analyzing the data contained in the most recent Health and Retirement Study (HRS) from the University of Michigan. The HRS, which is conducted every two years, is perhaps the most comprehensive examination available of attitudes toward retirement; it is based on a survey of around 20,000 Americans over the age of 50.

Read: What are Medicare Advantage plans, and are they worth the risk?

Gallery: Robinhood Has ‘App-ified’ Investing — How To Dive In Without Big Losses

By Anjishnu Mondal and Eileen Soreng

(Reuters) – Oil prices will stay near current levels this year as rising novel coronavirus cases threaten to slow the pace of demand recovery and counter output curbs by top producers, a Reuters poll showed on Wednesday.

The survey of 40 analysts and economists forecast benchmark Brent crude

averaging $42.48 a barrel in 2020. That compares with an average of $42.54 this year and last month’s forecast of $42.75.

Brent is projected to average $50.41 in 2021.

The 2020 U.S. crude

price outlook was at $38.70 per barrel versus $38.82 predicted in August. It has averaged $38.20 this year.

“As long as there is no working vaccine available, the main risk for oil prices is lower-than-expected demand,” Hans van Cleef, senior energy economist at ABN Amro said.

(Graphic: Oil demand and COVID-19 cases – https://fingfx.thomsonreuters.com/gfx/mkt/jznvnlqwzvl/Oil%20demand%20plunges%20as%20virus%20cases%20spike.PNG)

    Global demand was seen contracting by 8 million-9.8 million bpd (barrels per day) this year, slightly less bleak than the 8 million-10 million bpd consensus last month.

“Demand recovery should still continue in our view, although at a slower pace with the easiest demand gains behind us,” said UBS analyst Giovanni Staunovo.

The recovery “will remain uneven”, he added.

Brent prices are on track for their first monthly decline in six as rising coronavirus infections across many regions, including Europe and the United States brought new restrictions, while global cases surpassed 33 million. [nL8N2C60GZ]

The International Energy Agency this month cut its 2020 demand forecast by 200,000 bpd to 91.7 million bpd. [nL8N2GC1RP]

But production cuts led by the Organization of Petroleum Exporting Countries (OPEC) and its allies will offer some support to prices, analysts said, with the group curbing output by 7.7 million bpd. [nL5N2EM3Z3]

“We suspect compliance with the OPEC+ deal will remain patchy but doubt that

On the core of any successful business is a effectively organized administration. The Burma Star was awarded for service throughout the fighting in opposition to the Japanese in Burma, The jungle, rivers, hills and heavy terrain blended with the tropical local weather made this one of many hardest earned medals of the Second World War, tropical illnesses, bugs and heat exhaustion made life much more troublesome.

The poorest nation in Australian continent is Papua New Guinea based mostly on 2013 poverty report of countries. Ravens additionally protected the Gaulish city of Lyon, which had the white raven Lugos as its totem fowl. The moment I obtained the money, I felt the love of God pour over me like heat oil.

It’s important to give to someone in need in order for God to release monetary blessings in your life. Ravens are typically spoken of as the protectors of prophets. People who are specialists in financial administration know that they need to spend their cash inside the limits of their revenue, future financial plans etc.

I like to watch ravens and crows. The massive benefit nevertheless is that the cash that’s invested into what you are promoting from fairness finance never must be repaid. Other tales say that the raven was once white, but was turned black as punishment for committing sin.

I name ravens “servant of the Lord” and admire and love them. Debt Finance: lending money from banks, financial institutions and many others. I want money to help myself and my family please god help me am at all times crying for you to help me and bored with my situation please increase me up.…