David Solomon, CEO of Goldman Sachs Group, said that as the global economy seeks to emerge from the sudden impact of the epidemic, the market may face difficult times. "Looking back on my 40-year career, I found that in some periods, greed far outweighed fear — we are in such a period now," Solomon said in an interview at the Bloomberg Innovation Economic Forum in Singapore. "From my experience, these periods are not long. The situation will return to balance."

Fed Chairman Jerome Powell’s inflation dashboard is beginning to show some signs of overheating. From a general rise in prices to rising wages, the inflation situation seems to be more urgent than when Powell put forward these reference indicators nearly three months ago. At the annual Jackson Hole Symposium at the end of August, Powell gave a speech and listed five methods for assessing the outlook for inflation, and believed that each method indicated that there was no need to worry about inflation. But a report last week showed that consumer prices soared 6.2% year-on-year in October, led by car, food, gasoline, electricity and fuel prices. As an inflation indicator favored by the Fed, the personal consumption expenditure price index rose 4.4% year-on-year in September, the largest increase since 1991, and was far higher than the Fed's 2% target.

The European Central Bank warned that rising real estate and financial market prices, and increased investment in risky assets and borrowing by non-bank institutions threatened the stability of the Eurozone. The Frankfurt-based European Central Bank stated that although the economic recovery from the new crown virus crisis means that short-term risks are dissipated, vulnerabilities are accumulating and may have serious consequences in the future. “Particularly worrying is the boom in credit, asset and housing markets, as well as the high debt levels of businesses and public sectors left over from the epidemic,” the bank said in its financial stability assessment on Wednesday, and spoke to former Federal Reserve Chairman Greenspan. The description of the dot-com bubble in the 1990s echoes.

According to data from the International Finance Association (IIF), the world's total debt has finally shrunk. According to IIF data, global debt fell to US$296 trillion in the third quarter, having reached an all-time high in the previous three months. Emre Tiftik, head of sustainable development research at IIF, and others wrote in the report that as the economy recovers from the impact of the epidemic and reduces its dependence on borrowing, total debt may be reduced by one trillion US dollars by the end of the year. IIF pointed out that mature markets are the reason for the decline in global debt, especially the Eurozone and Japan.

Inflation in the UK grew faster than expected and reached the highest level in a decade; this increased the pressure on the Bank of England to raise interest rates and squeezed the living standards of households. The National Bureau of Statistics of the United Kingdom announced on Wednesday that consumer prices in October rose 4.2% year-on-year, the fastest growth rate since November 2011. This data is much higher than the 3.1% in September and the 3.9% expected by economists. The Bank of England predicts that the price increase may reach 5% at the beginning of next year. For now, price increases are mainly driven by temporary factors related to the recovery of global demand after the epidemic. However, the Bank of England is concerned that if left unchecked, inflation may take root more widely.

The International Atomic Energy Agency (IAEA) pointed out in its quarterly Iran safeguard report on Wednesday that in the past three months, Iran’s 60% abundance of enriched uranium stocks rose from 10 kg to 17.7 kg. The stock of 20% enriched uranium increased from 84 kg to 113.4 kg. Stockpiles of enriched uranium with an abundance of less than 5% have fallen from approximately 2,278 kg to approximately 2,182 kg. On November 14-16, Iran allowed IAEA special inspectors to enter suspected nuclear activities. The results of the field visit are still to be evaluated.

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