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.
Author: admin (Kendrick Williams)
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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.
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AS WE FORECAST: UKRAINE WAR WILL ONLY GET WORSE UNLESS THERE IS A PEACEFUL RESOLUTION
Two days after the Ukrainians launched explosions on Russia’s strategic Crimean Bridge, Ukrainians in some cities woke up to a new reality on Monday and now find themselves targeted by Russian missiles.
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WHITE HOUSE GAVE PUBLIC GREEN LIGHT TO UKRAINE TO BOMB CRIMEA BRIDGE, DID BRITAIN PLOT ATTACK?
The White House signaled publicly to Ukraine that targets in Crimea are fair game just before the bombing of the Kerch Bridge, which connects mainland Russia with the peninsula and used as an important supply route for Russian troops.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Dragflation: Economic growth declining and inflation rising... plus the pressure of interest rate hikes that are drying up the cheap money pool are causing companies in many sectors to lay off employees. Job cuts in September came in at 29,989, up 46.4 percent from a month earlier. Job cuts have jumped 66 percent year on year in September according to the Challenger report.
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AUGUST JOB OPENINGS A MILLION LESS THAN IN JULY
In August, the number of open jobs fell to just under 10.1 million, about 1.1 million fewer than in July but still leaving 1.7 jobs available per unemployed worker, CNBC noted.