tisdag 20 augusti 2024

Economy

Trump's future
Trump can soon cash in billions from the company

In one month, the "lock up agreement" expires for Trump Media's insiders, including ex-president Donald Trump. In doing so, he gets the green light to begin divesting parts of his $2.6 billion holdings, writes Bloomberg.

- If he starts dumping shares, it will be perceived as a sign of a lack of confidence in the company, says NYU professor Michael Ohlrogge.

Trump has not indicated that he will start selling shares, but high legal costs from earlier this year would have to be covered through his holdings, writes Bloomberg.

How much he is allowed to sell and exactly when depends on the agreement and what price the stock is at at the end of September.

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The election in the USA The electoral movement
The TV profile saw Harris: "They tried it in Venezuela"

Shark Tank profiler Kevin O'Leary directs sharp criticism against several of the financial proposals that Kamala Harris has presented.

In an interview with CNN, the investor saw, among other things, the proposal for a ban on excessive food prices.

- They tried it in Venezuela, Cuba, North Korea and the Soviet Union. No, it won't work.

He also castigates her promises to build three million new homes and to give first-time buyers a grant of $25,000.

- There is no possibility that she will build 3 million homes. Which state will give her that mandate?  

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Swedish interest rates
The theme: Inflation on target - but we've been wrong before

The Riksbank assesses that the inflation outlook is now in line with the target and that the risk that inflation would suffer a major setback is now lower than in June. It is also noted that the market sees an increased risk of a weaker economic recovery than before. That is the background to the fact that the executive board expects faster reductions than before, says Riksbank Governor Erik Thedéen at a press conference.

Although the forecast is now to lower another three times, Thedéen states that forecasts are notoriously difficult to make and very uncertain.

- We must be humble. Historically, the Riksbank has been very wrong several times, he says.
Press conference on the monetary policy decision in August
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Analysis: The Riksbank lowers 75 basis points to - at least

After the Riksbank's dovish interest rate announcement, the main scenario is that the interest rate will be lowered between 0.50 and 0.75 percentage points until this autumn. But it can be more than that, writes DI's Nils Åkesson in an analysis.

The fact that the Riksbank signals for further reductions well in advance of the September meeting, combined with, among other things, a weak economy and a stronger krona, are some of the reasons why the pace of reductions may gain further momentum, he argues.

"The undersigned interprets Tuesday's announcement to mean that the board is clearly leaning towards 75 points, at least," writes Nils Åkesson.

DN's Carl Johan von Seth also predicts that the Riksbank can lower faster. At the same time, he warns that the hopes in the market for a halved interest rate next autumn can quickly be dashed.

He cites "war, unreliable economic development and inflationary risks" as some of the reasons for this.

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