As we had forecast for several months, in early 2024, the U.S. Federal Reserve will lower interest rates. And the lower interest rates fall, the deeper the U.S. dollar will sink and the higher gold prices will rise.
Author: admin (Kendrick Williams)
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BANKS GO BUST
For 2023, one of our Top Trends was Office Building Bust. Hardly reported in the mainstream business media is the escalating commercial office building crisis that we had forecast some three years ago.
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WORLD WAR III
As Gerald Celente has long noted, “When all else fails, they take you to war.” Therefore, as China’s economy continues to weaken as a result of the hundreds millions of lives and livelihoods they destroyed during its three year COVID War, Beijing will ramp up its takeover of Taiwan.
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SPOTLIGHT: BIGS GETTING BIGGER
Consolidation is the name of the “Bigs” game. The more they own the more they control… it’s the way of the power hungry world.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s factory output increased 6.6 percent in November, year on year, beating economists’ forecasts. Retail sales jumped 10.1 percent on an annual basis, although they fell short of analysts’ expectations.
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SPOTLIGHT: OFFICE BUILDING BUST
Hedge funds have become short sellers—investors betting an asset’s value will fall—in commercial real estate.
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LUXURY RETAILERS INDITEX, FARFETCH SEE A BLEAKER FUTURE
Inditex, a Spanish upscale clothier and fast-fashion company that owns the Massimo Dutti and Pull & Bear brands, reported a sales increase of 6.6 percent in the three months ending 31 October, less than analysts had expected and falling by nearly half of the more than 10-percent gain the company had averaged over the past two years.
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ARGENTINA DEVALUES PESO, SLASHES BUREAUCRACY AND GOVERNMENT SPENDING
Javier Milei, Argentina’s chainsaw-wielding new president, has announced a series of sweeping measures that will begin to make good on his pledges to take drastic steps to right the country’s economy.
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IRISH FACTORY OUTPUT SLIPS IN OCTOBER
Ireland’s factory output sank 0.7 percent in October, more than twice the 0.3-percent decline analysts had forecast.