Author: admin (Kendrick Williams)

As we have reported, the value of mergers and acquisitions that companies announced during the first nine months of this year is down 34 percent during the same period in 2021, according to data service Refinitiv.

The chances of a U.S. recession within 12 months has risen from 50 percent last month to 60 percent now, according to 42 economists responding in early October to Bloomberg’s monthly outlook survey.

Inflation in Britain reached 10.1 percent in September, rising from 9.9 percent the month before, as food prices jumped 14.1 percent, their fastest spurt since 1982, and negated the impact of fuels’ falling costs, the Financial Times reported.

The global copper inventory has fallen to 4.9 days’ consumption and will end this year at only 2.7 days, Kostas Bintas, co-head of metals and minerals at Trafigura, a major commodities trading firm, told the Financial Times Mining Summit last week.

Although Brent crude oil’s price has fallen about 25 percent from its high of $128 a barrel last March, oil importers are hard pressed to see much difference: the dollar has gained about 15 percent in value since then, forcing importers outside the U.S., including China, the European Union (EU), and India to still pay premium prices in their own currencies to settle their oil bills.

The world is headed into Dragflation: Declining economic growth and rising inflation.