Discussion on global economy and financial markets

Dear Friends,

There is a talk of recession in US. Almost everywhere inflation is hitting new highs. The stock markets have become turbulent in recent times. Each of us is getting affected either directly or indirectly. So I would like to request those who wish to post regarding financial markets, global economic conditions , they can do so here.

Please join this private forum.

regards,

Mishkil88.

Mukta you can try now posting something here.

This September, the S&P 500 fell by more than 9%.

That makes this the worst September since 2002, when it fell by 11%.

By the end of September, all three major indexes in the US were solidly in bear market territory, meaning they have fallen more than 20% each from their highs.

The S&P has also had the worst year-to-date performance in 20 years. The tech-heavy Nasdaq is down more than 30% already this year. The Dow, which fell 9% this month, has erased any gains it made in the last two years, falling back where it was in November 2020.

For households, home buying is getting more expensive, with the average rate on a 30-year fixed-rate mortgage recently hitting 6.7%, basically double what it was in January. On the business side, Meta, Facebook's parent company, announced it is going to begin laying off workers.

The Fed is studying inflation data, and next week's employment numbers from the Labor Department will be critical in anticipating how 2022 will end.

Entering the final three months of the year, the best thing to do with money may be to put it under the proverbial mattress.

Originally posted by: NerdyMukta

This September, the S&P 500 fell by more than 9%.

That makes this the worst September since 2002, when it fell by 11%.

By the end of September, all three major indexes in the US were solidly in bear market territory, meaning they have fallen more than 20% each from their highs.

The S&P has also had the worst year-to-date performance in 20 years. The tech-heavy Nasdaq is down more than 30% already this year. The Dow, which fell 9% this month, has erased any gains it made in the last two years, falling back where it was in November 2020.

For households, home buying is getting more expensive, with the average rate on a 30-year fixed-rate mortgage recently hitting 6.7%, basically double what it was in January. On the business side, Meta, Facebook's parent company, announced it is going to begin laying off workers.

The Fed is studying inflation data, and next week's employment numbers from the Labor Department will be critical in anticipating how 2022 will end.

Entering the final three months of the year, the best thing to do with money may be to put it under the proverbial mattress.

The Pound Sterling has recovered on its weekly loses.

Some books on finance you might enjoy.

1. Rich Dad, Poor Dad

By Robert T. Kiyosaki

2. Money: Master The Game

By Tony Robbins

3. The Barefoot Investor

By Scott Pape

4. The One-Page Financial Plan

By Carl Richards

Will anyone buy tech stocks now ??

https://www.barrons.com/articles/tech-stocks-to-buy-now-51664571588?siteid=yhoof2

https://twitter.com/rishibagree/status/1576212925835902978?t=H0F-Gy-RqZj5QKDWaTZHlA&s=19

Good news for India!

https://www.reuters.com/world/india/india-forex-reserves-notches-steepest-drop-six-months-2022-09-30/