📊Danvel’s weekly revenue, 06-12 March, 2023.

✅Trading in Forex markets: +1,3% profit

✅Investment portfolio: +2,9% profit

What is gold used for?

An interesting infographic, keep hold of it.

📊Danvel’s weekly revenue, 13-19 March, 2023.

✅Trading in Forex markets: +1,1% profit

✅Investment portfolio: +3,0% profit

🌎The European Union has the third-largest economy in the world, accounting for one-sixth of global trade. All together, 27 member countries make up one internal market allowing free movement of goods, services, capital and people.

For the impressive numbers it shows however, the European Union’s economic might is held up by three economic giants, per data from the International Monetary Fund. Put together, the GDPs of Germany ($4 trillion), France ($2.7 trillion) and Italy ($1.9 trillion) make up more than half of the EU’s entire economic output.

These three countries are also the most populous in the EU, and together with Spain and Poland, account for 66% of the total population of the EU.

⚡️ The Fed hikes interest rates by 0.25 percentage points.

The Fed has raised interest rates by a quarter percentage point. It is currently between 4.75% and 5%.

In our infographic, you can observe the dynamics of interest rate changes.

📊Danvel’s weekly revenue, 20-26 March, 2023.

✅Trading in Forex markets: +1,0% profit

✅Investment portfolio: +3,1% profit

The world of online betting is undergoing tremendous change, setting it up to flourish in the years to come.
In 2020 the market reached $67 billion and estimated to reach about $93 billion by 2023—growing at roughly 11.5% per annum.

Online betting activity breaks up into a few unique categories. Casino is a big one, making up 32% of all online betting activity. It appears traditional casino games like blackjack carry the same thrill online. Bingo’s popularity is a lot more modest at 4.5%.

But the most popular activity by far is sports betting, which makes up over 40% of the total online betting market—and the $66 billion in value it encapsulates.

The state of the crypto market. Key statistics.

There are some really interesting stats on the dynamics of the largest crypto assets, from 2017 to January 2023. What should you be paying attention to?

1. 2017 brought yields in the thousands of percent. This was the true era of crypto millionaires, who raked in life-changing profits.

2. A disastrous 2018, with a market correction and so-called “crypto winter”. Those who bought in at the end of 2017 were bitterly disappointed. Those who were smarter bought the dip.

3. 2020 and 2021 heralded a new cycle, with crazy returns.

4. 2022 brought a renewed correction, with the market in the red.

5. Since the beginning of the year, the top assets have been back in the black. Once again, those who bought the dip in 2022 could have already turned a good profit.

The stats perfectly capture the cyclical nature of the markets, whereby after a fall, the market rises and then sees a further correction.

“Our currency is collapsing, and it won’t be the world standard anytime soon.

Very soon the dollar will begin to depreciate ... 🎢

40 of the top 100 billionaires in Russia are citizens of other countries.

Among the top 100 rich people in Russia, 40 have foreign citizenship, 57 reside mostly abroad, and more than 68 have taken family members abroad, Equality has calculated.

The combined wealth of those whose personal future or the fate of their heirs is linked to abroad is $393 billion (3/4 of the wealth of the top 100), according to Forbes. The same is true of 77% of less affluent households, or 113 million Russians, according to Credit Suisse.

This is still an underestimate. Among Russia's wealthy with $50+ million in wealth, 58% had foreign citizenship, a 2018 KF survey showed. This is a record, even in Latin America the figure is only 41%.

Bank of America:
- We forecast 265K more jobs.
- The pace of hiring will fall slightly in March.
- We expect the unemployment rate to fall by one-tenth to 3.5%.

Goldman Sachs:
- Expect job growth of 260K.
- Expect an unemployment rate of 3.6%;
- Wage growth of 0.4% m/m and 4.3% y/y.

📕New cover of The Economist May 6th-12th

The U.S. banking sector has more than 4,000 FDIC-insured banks that play a crucial role in the country’s economy by securely storing deposits and providing credit in the form of loans.

This infographic visualizes all of the deposits, loans, and other assets and liabilities that make up the collective balance sheet of U.S banks using data from the Federal Reserve.

With the spotlight on the banking sector after the collapses of Signature Bank, Silicon Valley Bank, and First Republic bank, understanding the assets and liabilities that make up banks’ balance sheets can give insight in how they operate and why they sometimes fail.

U.S. bank failures in 2001-2023.

🏛 A recent Gallup poll found that nearly half of American adults worry about keeping their money in banks.

🧩 First Republic joined the list of the largest bank failures in history. The collapse was the second-largest after Washington Mutual.

For a little more than a month, Silicon Valley Bank was the second-largest bankrupt in U.S. history. That was until First Republic Bank knocked it out of that spot.