Dragflation, a Top Trend 2025, is an economic tailspin in which economic output shrinks while prices continue to rise.
Category: 30 June 2026
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EUROPE’S ENERGY PRICES SOAR WITH TEMPERATURES
With the continent gripped by a historic heatwave, energy grids are failing under record demand, and utility companies are seeing their fuel prices rise as much as 500 percent.
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EURO FALLS TO 12-MONTH LOW AGAINST THE U.S. DOLLAR
The euro, previously expected to rise to $1.20 in value this year as investors shied away from the dollar, fell to $1.1350 on 25 June, its lowest level in a year and down 2.6 percent in June alone.
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CONSUMER SENTIMENT CREEPS HIGHER IN JUNE
Americans’ feelings about the U.S. economy brightened slightly in late June, according to the University of Michigan’s twice-monthly survey of consumer sentiment.
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U.S. INFLATION HIGHEST IN THREE YEARS
The Personal Consumption Expenditures Price Index (PCE), the U.S. Federal Reserve’s preferred measure of inflation, rose 0.3 percent in May from April, registering a yearly increase of 4.1 percent, its highest since October 2023.
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U.S. ECONOMY GREW 2.1 PERCENT IN FIRST QUARTER
The U.S. economy expanded by 2.1 percent in this year’s first three months, the commerce department said in its final revised calculation. An earlier estimate had put the figure at 1.6 percent.
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TRUMP AND COMMERCE SECRETARY SONS POISED TO MAKE FINANCIAL WINDFALL FROM U.S.-BACKED DEAL
President Donald Trump and Commerce Secretary Howard Lutnick worked to land a mining deal with Kazakhstan at the same time their sons were working with individuals tied to the company that was given the project – raising new criticism that the president, his friends, and family continue to enrich themselves during his second term in office.
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TRUMP PURCHASED UP TO $5 MILLION IN AXON STOCK JUST BEFORE MAJOR DEAL ANNOUNCEMENT BY GOVERNMENT
President Donald Trump’s luck continues when it comes to playing the market after disclosing that he bought up to $5 million in stocks in Axon Enterprise, a police software company, just before the U.S. Immigration and Customs Enforcement (ICE) announced that it sought a deal for a company to produce about 17,800 tasers for $220 million over five years, CNBC reported.
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GEN Z REVOLUTION: KENYA’S GOVERNMENT LOCKS DOWN CITY TO STOP PROTESTS
Kenyan President William Ruto’s government last week ordered sections of Nairobi, the country’s capital, to be locked down in hopes of stopping Gen Z protests.
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FINDING SECURITY IN AN INSECURE WORLD (Part I) – Overcoming Self-Deception and Self-Delusion
I see a society and its citizens in crisis.