Jim Cramer: "The Digitizers And Disruptors Are Being Burned"
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While the markets are waiting for the US CPI report, other important events take place. Deutsche Bank is successful and the IMF has signed an agreement. Attention is also focused on the US elections.
In this article:
- The agreement
- US elections: Gretchen Whitmer won
- Deutsche Bank
- Affirm situation
- Refuse new reality
Agreement at staff level
IMF tweets about an agreement between IMF staff and the Bangladesh authorities.
IMF staff and the Bangladesh authorities have reached a staff-level agreement to preserve macroeconomic stability, build climate resilience, and support strong, inclusive growth, while protecting the vulnerable. Learn more here: https://t.co/L62a73m1q8 pic.twitter.com/hIvVr9MiCU
— IMF (@IMFNews) November 9, 2022
Agreement is always important for the general good. Bangladesh's new program supported by the Fund aims to maintain macroeconomic stability and foster strong, inclusive and green growth, while protecting vulnerable people. Such cooperation may have a positive result in the economic field, which will translate into the standard of living in Bangladesh.
Michigan’s Democratic Gov. Gretchen Whitmer won a second term
CNBC Now writes about Michigan Gov Gretchen Whitmer in its post
Michigan Gov. Gretchen Whitmer defeats Trump pick Tudor Dixon, winning a second term, NBC News projects https://t.co/zSdVIGOE4s
— CNBC Now (@CNBCnow) November 9, 2022
The topic of the US elections is closely watched. There are forecasts, expectations and sepulations. The news posted by autroa tweet is important because The election marked the first time that women have been at the top of the ticket for both major parties in Michigan.
The top volume performers in the Securities Lending
In its last post Deutsche Bank write about further successes.
Deutsche Bank wins @BSEIndia's top volume performer in Securities Lending and Borrowing award for the fifth consecutive year. Read more: https://t.co/GxyU2RB203#SecuritiesServices
— Deutsche Bank (@DeutscheBank) November 8, 2022
Deutsche Bank was ranked among the top volume performers in the Securities Lending and Borrowing (SLB) segment by the Bombay Stock Exchange (BSE). Another year in a row, the bank shows its strong position. Some time ago I wrote that the bank is developing in terms of modern forms of payment. We are now finding out that it is once again a leader in another sector in the field of securities lending. Successes and development favor a stronger positioning of the bank. It will also increase the trust of customers and may attract new ones.
Read more: Deutsche Bank Continues To Grow | A Look At The US Public Debt| FXMAG.COM
Pay later is ineffective
Peter Schiff tweets about Affirm.
So #Affirm is tanking 20% after hours (down over 92% from its 2021 high) to a new low on an earnings miss. Buy now, pay later doesn't work. Who would have thunk it? Wait until all the people who bought now can't pay later. That's when $AFRM goes from loan now, to bankrupt later.
— Peter Schiff (@PeterSchiff) November 8, 2022
The author of the tweet describes the current situation. He emphasizes that the method to crash afterwards can have very undesirable consequences. It will also indicate that if people who buy now with the option to pay later, they may not have the funds to do so. From a logical point of view, it makes sense, because if you don't have money now, then how can you get it later? Underlining that such action may lead to bankruptcy is important information for investors who pay attention not only to the results but also to the actions.
The market’s distaste for tech stocks
Mad Money On CNBC tweets about CNBC's Jim Cramer’s comment on the stock market
.@JimCramer also warned that many investors refuse to embrace the “new reality” of the market’s distaste for tech stocks. https://t.co/i3tdSNJvSF
— Mad Money On CNBC (@MadMoneyOnCNBC) November 9, 2022
Jim Cramer is closely monitoring the developments in the stock market. His statements are a valuable source of information. According to the author of the tweet, the expert emphasizes that the actions of technology companies are not doing well. Tech companies have become more popular with investors, but are currently not the best place to invest. An expert's indication of which companies are doing better and which are worse may significantly affect investment decisions, as well as the situation of companies.
