- Vaccine makers’ share prices are plunging
- Italy’s debt is under review
- US mortgage rates are beyond dangerously high
After a recent plunge, Moderna, Pfizer and BioNTech share prices are falling back to where they were in the first half of 2020. (Strangely enough, AstraZeneca is doing ok…) What does this drop tell you about the Covid-19 vaccines?
Next on the chopping block is Italy with its sovereign debt rating due for review by several rating agencies over the next four weeks. What could possibly go wrong if there’s a downgrade?
We might look to 2008 for an answer when the debt rating agencies caused a bit of chaos in the US subprime debt markets. The thing is, the average mortgage rate in the US recently hit 8% – a high going back to 2000, not 2007.
If you’re planning on escaping the financial system for the safety of cryptocurrencies, you might find it rather difficult, thanks to the regulators. The world’s largest cryptocurrency exchange has stopped accepting new UK customers after a crackdown on its advertising.
Find out from Nigel Farage what’s really going on…
And if you’d like to hear from Nigel and other guests more often and more conveniently, why not sign up to the new Fortune & Freedom podcast on Apple Podcasts, Spotify, Amazon Music or Google Podcasts?
Nick Hubble
Editor, Fortune & Freedom
