To The Moon

From Japan to Singapore, stock indexes in Asia Pacific were swimming in a sea of red on Monday, after dismal unemployment data in the United States triggered recession worries last Friday.In Singapore

Bitcoin continued its downward slide during the Asian trading hours on Monday, plunging below $50,000.At the time of writing, Bitcoin was trading near $49,200, a level last seen in late February.The sell-off in bitcoin and the overall crypto market has been triggered by a wider fall in the financial markets as the fears of global recession and rising tension in the Middle East has investors hitting the panic button.

LONDON - Goldman Sachs Group economists increased the probability of a recession in the United States in the next year to 25 per cent from 15 per cent but said there are several reasons not to fear a slump even after unemployment jumped.“We continue to see recession risk as limited,” the Goldman economists led by Jan Hatzius said on Aug 4.The economy continues to look “fine overall”, there are no major financial imbalances and the Federal Reserve has a lot of room to cut interest rates and can do so quickly if needed, they said.Last week ended with US jobs data showing that hiring had slowed markedly in July and unemployment had risen to the highest in almost three years, raising concerns of a slowdown and fears the Fed has waited too long to cut interest rates.Goldman Sachs to raise headcount in asset and wealth management as it expands in Asia

LONDON - Goldman Sachs Group economists increased the probability of a recession in the United States in the next year to 25 per cent from 15 per cent but said there are several reasons not to fear a slump even after unemployment jumped.“We continue to see recession risk as limited,” the Goldman economists led by Jan Hatzius said on Aug 4.The economy continues to look “fine overall”, there are no major financial imbalances and the Federal Reserve has a lot of room to cut interest rates and can do so quickly if needed, they said.Last week ended with US jobs data showing that hiring had slowed markedly in July and unemployment had risen to the highest in almost three years, raising concerns of a slowdown and fears the Fed has waited too long to cut interest rates.Goldman Sachs to raise headcount in asset and wealth management as it expands in Asia

From Japan to Singapore, stock indexes in Asia Pacific were swimming in a sea of red on Monday, after dismal unemployment data in the United States triggered recession worries last Friday.In Singapore

Bitcoin continued its downward slide during the Asian trading hours on Monday, plunging below $50,000.At the time of writing, Bitcoin was trading near $49,200, a level last seen in late February.The sell-off in bitcoin and the overall crypto market has been triggered by a wider fall in the financial markets as the fears of global recession and rising tension in the Middle East has investors hitting the panic button.