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From the time it was first held, the annual meeting in Jackson Hole, Wyoming has been an opportunity for representatives from the main central banks to discuss the most important challenges facing the global economy.

On Thursday, August 18, a rumor started circulating saying that Cristiano Ronaldo might sign with Borussia Dortmund.

Prior to the 2008 financial crisis, August used to be considered a quiet month for markets. Against the backdrop of apparent calm, the ECB would seldom hold press conferences, and the Treasury would not hold bond auctions until after the summer holidays.

The latest data collected by experts indicate that the global economy is close to experiencing a recession shock, something unthinkable just a few months ago.

In the field of currency, euro-dollar parity is the topic du jour. However, it is of little importance beyond the psychological and media effect.

After a ~21% decline in the S&P 500 during the first half of 2022, the P/E multiple of the index has declined from 21.2x to ~15.9x (slightly less than the 25-year forward average of 16.9x).

2002. Since Spain's entry into the European Union, 2002 became one of the most important years in the country's modern history as it adopted the euro as the single currency.