Sri Lanka and Zambia have defaulted on their debts, with another dozen countries at, or already tipping over, the edge of insolvency, Reuters reported.
Author: admin (Kendrick Williams)
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WHO NEEDS COLLEGE? UNIVERSITIES STRUGGLE WITH ENROLLMENT AFTER COVID LOCKDOWNS, AS WE FORECAST
Enrollment in both public and private colleges was down 4.1 percent year over year in 2022, or down 16.2 million students, The National Student Clearinghouse Research Center said in a recent report.
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OPEC+ CUTS DAILY OIL OUTPUT LIMIT BY TWO MILLION BARRELS
The Organization of Petroleum Exporting Countries, Russia, and its other allies, known collectively as OPEC+, have agreed to cut daily oil production by two million barrels a day in an attempt to lift oil prices back up above $100 a barrel in the face of a weakening global economy.
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ECONOMIC UPDATE – MARKET OVERVIEW
When the “officials,” “dignitaries,” “experts” and “authorities” speak... all the little boys and girls who call themselves men and women listen to, believe and do what they are told.
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ECB FEARS INFLATION WILL LAST FOR YEARS
The European Central Bank’s [ECB’s] governing council is expressing concern that inflation in the Eurozone, which ran recently at 10 percent, will become “self-reinforcing” and last for years as the euro remains weak and governments pump stimulus money into national economies to soften the impact of soaring energy costs, the Financial Times reported.
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AMERICANS DRAIN THEIR SAVINGS TO KEEP SPENDING
U.S. households built up a cash cushion of about $2.1 trillion during the COVID War, when the national savings rate soared as high as 30 percent of income as many Americans stashed their federal stimulus payments into their savings accounts.
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SERBIA: EU LATEST SANCTIONS ON RUSSIA WILL CRIPPLE ECONOMY
A top Serbian government official lashed out against the latest round of sanctions to be imposed against Russia and called them the first package that also takes aim at Belgrade.
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BELGIUM’S PRIME MINISTER ECHOES TRENDS JOURNAL TOP TREND: NEW WORLD DISORDER
Alexander De Croo, the Prime Minister of Belgium, said in an interview last week that there is a great concern of civil unrest breaking out across Europe due to the dramatic surge in energy prices and their impact on the average European.
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GERMANY ON HIGH ALERT: NORD STREAM PIPELINE AND NOW RAILWAY SABOTAGE?
German rail lines were targeted by saboteurs who severed cables that are essential for the country's rail network system, raising new concerns about more incidents across Germany.
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U.S. AIMS TO FLOOD TAIWAN WITH WEAPONS TO TURN ISLAND INTO A ‘PORCUPINE’ IF CHINA INVADES
The U.S. wants to arm Taiwan with so much weaponry that the tiny island off the coast of mainland China would be able to stand up to an invasion.