The British economy is in recession and will be hard-pressed to grow even when the recession ends, the Bank of England (BoE) said this month in one of its most dismal forecasts on record.
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GERMANY’S TRADE SURPLUS SHRINKS FOR FIFTH CONSECUTIVE YEAR
In December, Germany’s trade surplus fell 6.3 percent from November, almost double the 3.3 percent analysts had expected.
MORTGAGE DEMAND IN EUROPE, U.S. FALL AS INTEREST RATES CLIMB
Demand for mortgage loans in Europe fell by 74 percent in 2022’s final quarter, European Central Bank (ECB) data shows, the steepest quarterly drop since 2003 when the bank began tracking the figure.
EUROZONE INFLATION SLOWS AGAIN IN JANUARY?
Oh! What big news from the Presstitutes. Happy Days are here again in Europe. Inflation across the 19-member Eurozone eased to 8.5 percent in January, down from 9.2 percent in December, the European Union’s statistics office reported.
GOLD’S PRICE GAINED 18 PERCENT IN 2022, HIGHEST IN A DECADE
Central banks stockpiled gold last year at the fastest pace since 1955, driving demand for the metal to 4,741 tons, its highest since 2011 during the Great Recession, the World Gold Council said in a new report.
“NEW GOLD” RUSH IN GREENLAND
As Greenland’s ice sheet melts, the newly traversable land is swarming with explorers searching for deposits of the new gold—cobalt, copper, lithium, and other minerals needed to power the world’s electric future.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is our 27th week reporting the long trend-line of layoffs that signal a further economic downturn in a country near you. Inflation and interest rate hikes are causing companies in many sectors to lay off employees.
TOP TREND 2023, OFFICE BUILDING BUST: OFFICE OCCUPANCY HALF OF WHAT IS USED TO BE
In the last week of January, for the first time since April 2020 when the COVID War began, more than half of U.S. white-collar workers spent time in central locations, according to data from Kastle Systems, which measures swipe-card use in more than 2,000 office buildings in 10 major metro areas.
INDEX CONFIRMS HOME PRICES FELL IN NOVEMBER
In November, U.S. home prices declined 0.6 percent from October, falling for the fifth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index.
HEALTHCARE INDUSTRY DEBT SINKING UNDER HIGHER INTEREST RATES
A fifth of U.S. bond issues now rated as being in distress were issued by healthcare corporations, according to ICE Data Services.