In July 2024, the number of non-farm payrolls (employment statistics) fell below market expectations, causing the unemployment rate to rise to 4.3%. The accuracy rate of predicting US recessions is 100%ofSAM recession indicatorsisLit at 0.53 in July.As a result, there is a growing belief that the United States has entered an economic recession, and the market sentiment has turned risk-off mode. (※ The Sam Recession Indicator, devised by former FRB economist Sam, known as the 'Sam Rule', suggests an economic recession when the 3-month moving average of the unemployment rate exceeds the minimum value of the 3-month moving average over the past 12 months by 0.50 percentage points. The past accuracy rate of recession predictions is considered to be 100%. It is worth noting that the U.S. unemployment rate is released every first Friday of the month.)
Subsequently, the unemployment rates in August and September improved, and the SAM recession indicators also decreased from 0.57 in August to 0.50 in September.Anxiety about the economic downturn was alleviated,It has become a risk-on situation with high stock prices and low bond yields.
Tonight, the employment statistics for October will finally be released, and there is an increasing likelihood of the 'SAM Rule' being lifted. The US economy is shaking off concerns of a recession and the good times continue...

In the House of Representatives election, the ruling coalition government fell below the majority, staying at 215 seats. In response to being 18 seats short of a majority, there are discussions on cooperation with the Constitutional Democratic Party and the Innovation Party. In this election, the Constitutional Democratic Party significantly increased its number of seats from 7 to 28, raising expectations for expansionary fiscal policies, which has attracted particular attention to the movements of the Constitutional Democratic Party. However, there are many uncertainties regarding the formation of a coalition government, and the possibility of a minority cabinet remains.
The Kibou no To party aims to correct income disparities and revive the middle class, advocating for strengthening taxation on the financial income of the wealthy and supporting asset formation for ordinary households.
National Democratic Party's 「The policy to achieve an economy where wages and pensions increase is aimed at resolving income disparities and creating an economic virtuous cycle. Through measures such as expanding the tax-exempt framework of NISA, the intention is to reduce the financial burden on households while building a sustainable fiscal foundation.
The background of this policy is,Responding to the issue known as the "0.1 billion yen barrier", where the income tax burden decreases sharply among high-income earners, plays an important role in correcting income disparities.and is expected to be a vital measure in correcting income disparities.
While discussions continue regarding the impact on the financial markets, the middle class...

This document contains about 2300 words and can be read in approximately 6 minutes.
Gold has always played an important role in the international monetary system throughout history. At various times in history, many countries minted gold coins, and the world's first gold coin was made around 560 BC. In the 19th century, the discovery of gold mines in California triggered the largest wave of immigration in American history (the Gold Rush).
In this document, we will explain the position of gold in the economy and why gold continues to be a popular investment destination.
Table of Contents
- The history of gold development
- Analysis of gold demand and supply
- Why do people invest in gold?
- How is the price of gold determined?
What kind of investment options related to gold are available?
Summary
Over a long historical period, gold has been widely used as a currency in many countries. Gold could be exchanged at a fixed exchange rate as currency. This was well known as the "gold standard". This system was initially adopted by the United Kingdom and later spread worldwide.
However, the gold standard lost its significance due to World War I. The Great Depression led to a massive...

Micron Technology (MU), a leading company in semiconductor memory solutions and a noteworthy AI company, has experienced an important technical signal called a 'death cross' in its chart. Additionally, around July, a triple top formation was also identified! What do these signals indicate? Let's take a closer look.

On 9/27, in response to the presidential election results, the appreciation of the yen progressed, and Nikkei Average futures temporarily recorded a drop of 2000 yen after closing. This time, I will explain what depreciation and appreciation of yen are, and why understanding exchange rates is important when investing in stocks.
Why you should keep a close eye on the dollar-yen exchange rate even when investing in Japanese stocks
1. The US dollar is the most widely used in the worldKey currencyIt plays a central role in international trade and financial transactions. Thus, the dollar-yen exchange rate affects various economic activities not only in Japan but also in the global economy.
2. The total market value of the US stock market accounts for about 50% of the total market value of the global stock market. Trends in the US dollar and US stocks will also have an impact on the Japanese stock market.
3. Trends in the dollar to yen exchange rate are closely related to earnings forecasts and stock price evaluations of Japanese companies.
For investors, the value of their currency against the dollar is a very important indicator. The euro is also the currency traded after the US dollar, but in terms of direct ties and influence with the Japanese economy, the dollar to yen rate tends to attract more attention. Therefore, in this article, yen against the US dollar...