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Boosting Your Financial IQ

The Boosting Your Financial IQ podcast deconstructs accounting and financial concepts to provide listeners with a holistic understanding of how money works and how to create more value. The host, Steve Coughran, brings his wealth of experience working as a business owner, management consultant, and CFO to share examples, stories, and analogies that deepen business acumen and build skills related to financial literacy. Boosting Your Financial IQ centers in on financial and accounting topics that will empower you to identify value drivers and boost financial performance. Whether you are new to finance or a seasoned professional, this fresh podcast will equip you with real-life financial knowledge that will enable you to speak the language of money. Visit www.byfiq.com to learn more.

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Boosting Your Financial IQ

Financial and Economic News: October 11, 2023

October 11, 2023 • Steve Coughran

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The latest trends in the economy and the world of finance:

Treasury yields surge (What it means for YOU)
Recession insights
IMF global growth forecast
ECB calls out Euro-governments
Country Garden in trouble (again).
Metro Bank

FinWeekly has all the details on trending market and financial news this week: In the world of finance, US Treasury yields have recently shot up, reaching levels not seen since the 2007 global financial crisis. While this may raise concerns, economists at Goldman Sachs believe it's not necessarily a sign of an imminent recession. Lorie Logan, President of the Federal Reserve Bank of Dallas, even suggests that the increase in long-term Treasury yields could potentially help slow down further interest rate hikes. Meanwhile, the International Monetary Fund (IMF) has adjusted its global economic growth forecasts downward, with the exception of the United States, which is expected to remain stable. On a different note, Euro-area governments are not aligning their fiscal policies with the European Central Bank's efforts to control inflation, raising concerns. Furthermore, Caius Capital and other creditors have made a significant move to strengthen Metro Bank's financial position through a bond sale, while China's Country Garden faces financial instability due to missed interest payments. These developments provide a complex snapshot of the global economic landscape.

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BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

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