Now here this, now here this: The Greatest Recession has begun and the banking crisis that Jamie Dimon of JPMorgan Chase said was over after the Feds made a sweetheart deal with him to buy out First Republic Bank will worsen.
Author: admin (Kendrick Williams)
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THE GLOBAL DEBT MARKET TIME BOMB IS CLOSE TO GOING OFF
Consider this. As you are beginning to read this article, global debt is surging higher. In fact, global debt has never been higher than it is today. But in the few minutes that it will take you to finish reading this article, global debt will have surged even more.
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SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
One of the tech industry’s greatest blunders, according to OpenAI CEO Sam Altman, was allowing employees to work remotely.
Now every industry is accepting that new reality.
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IS BARD AI DIRECTING ITS OWN DEVELOPMENT?
Is it just a case of AI fantasizing, along the lines of the 80’s Eurythmics hit “Would I Lie To You?”
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SPOTLIGHT: BIGS GETTING BIGGER
Newmont Corp., the world’s largest gold miner, will take over Australian competitor Newcrest Mining Ltd. in a deal valued at $17.5 billion, the gold mining industry’s largest merger on record.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Office towers’ values are falling fastest in large, old-order urban centers such as New York City and San Francisco, Ann Walsh, Guggenheim Partners’ chief investment officer, told the FT.
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SPOTLIGHT: INFLATION
Last month, overall U.S. inflation came in at 4.9 percent. While it is the slowest since April 2021, it is still above the 2 percent Fed target rate. Inflation clocked in at 5 percent in March.
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SPOTLIGHT: CHINA
In 2022, Chinese investment in Europe and Britain sank to €7.9 billion, 22 percent below 2021’s level and the lowest since 2013, according to a new study by Rhodium Group and Merics, a German think tank.
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ZIMBABWE ISSUES GOLD COIN TO SHORE UP ITS FAILING CURRENCY
The central bank of the southeast African nation of Zimbabwe has issued a solid gold coin intended to “expand the value-preserving instruments available in the economy.”
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