The European Central Bank (ECB) should consider not reducing its key interest rate again at its meeting this month, Pierre Wunsch, the governor of Belgium’s central bank and a member of the ECB’s rate-setting committee, said last week.
Category: 1 April 2025
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EUROPE’S EQUITY MARKETS SKYROCKET IN “HISTORIC” RALLY
As American stock markets stumble under weak consumer spending, waning business confidence, and Donald Trump’s chaotic tariff policies, Europe’s equities are staging what Bloomberg calls a “historic” surge.
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GOVERNMENTS, CORPORATIONS TOP $100 TRILLION IN BONDED DEBT
The governments and corporations in the 38-nation Organization for Economic Cooperation and Development (OECD) have more than $100 trillion in bonded debt outstanding, almost as much as the entire world’s GDP, which is between $105 trillion and $110 trillion, a new OECD report has found.
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CONSUMER SENTIMENT PLUNGES
Consumers’ view of the present and future state of the U.S. economy is cratering, according to the final March survey by the University of Michigan.
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U.S. FINANCIAL OUTLOOK IS DETERIORATING, MOODY’S WARNS
Donald Trump’s sweeping tariff regime will complicate efforts to manage the growing federal debt as high interest rates persist, Moody’s warned last week.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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CLIMATE KA-CHING: FRAUD AND WASTE OF THE 2022 INFLATION REDUCTION ACT NOW SUBJECT OF LAWSUIT
The Inflation Reduction Act (IRA) of 2022, signed into law by President Joe Biden on August 16, 2022, was sold as a $783 billion game-changer to fight climate change, bolster healthcare, and trim the federal deficit. Packed with tax credits, green energy grants, and IRS muscle, it promised a cleaner, fairer America.
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POLLUTED MOTIVES: THE LATEST IN GREEN ENERGY ‘SYNTHETIC SELLS’ AND ABSURDITIES
Planting trees to support environmental sustainability and sequester carbon naturally, like so much else, has been completely subverted by what we have long termed “the synthetic sell.”
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency with the Department of Health and Human Services leading the count this week with 10,000 layoffs of full-time employees, including 3,500 at the Food and Drug Administration, 2,400 at the Centers for Disease Control and Prevention, 1,200 at the National Institutes of Health and 300 at the Centers for Medicare and Medicaid Services.
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EXCESSIVE PHONE USE IN CHILDHOOD CAN LEAD TO DEPRESSION, IRRITABILITY IN TEEN YEARS: STUDY
Teenagers who spent more time looking at phone screens as children were more likely to suffer from depression and had “significantly higher levels of stress” than teens who were not as fixated on mobile devices when they were younger, a newly released study said.