Time now for an in-depth look at the market news on this Monday.
And for that, I'm joined on the line by Dr. Yang Jun-sok, Professor of Economics at the Catholic University of Korea.
Professor Yang, good to have you back on.
If we could start with Bitcoin, looking back over the past month, there have been swings of as much as ten thousand dollars in a matter of days. It's sitting right now at about 50-thousand. Some see the high price as a warning sign, but there are plenty of others saying it's heading to a hundred thousand by the end of the year. Tell us about that, and your own view, professor.
Stocks in New York last week were volatile, ending slightly down for the week, but with a nice gain on Friday. Data pointing to rising employment in the U.S. and bond yields easing. What's the story in the global markets?
Today, Korean stocks started out higher, it would seem on the U.S. Senate's approval of Biden's stimulus plan. As we've seen a lot lately, the indices lower but retail investors buying. Tell us about the local markets.
This week South Korean officials will be discussing new measure to prevent disruptive behavior in the real estate market. That and what else is on your radar this week?
There's a lot of talk about GDP growth in the U.S. absolutely taking off this year. Reports in Wall Street Journal, an indicator at the Atlanta Fed, and others suggesting America's growth could even outpace China's this year. There's the reopening and all this fiscal support now. Do you see that as a possibility?