U.S. mortgage rates here in the United States have just risen to their highest level in 21 years. Meanwhile, despite all the talk about how raising rates would somehow tame inflation, and that it was just temporary, and even transitory, inflation continues to rise. Moreover, by the Fed’s own admission, “inflation continues to outpace every projection they have made.” Moreover and overall, food inflation continues to outpace everything else. With energy inflation a close second.
We have repeatedly provided Trends Journal subscribers with details and facts of China’s economic rise and fall. For over a decade we had forecast that while the 20th century was the American century, the 21st century would be the Chinese century... because the business of China is business while the business of America has been war.
Through the alchemy of AI, people can now have “conversations” with the most interesting historical figures in the world.
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
As we have noted, China’s current economic decline is mostly self-inflicted.
The nation’s economy boomed at the greatest level in modern history when the U.S. allowed it to join the World Trade Organization some two decades ago. Their economy boomed as western companies gave the cheap labor communist nation all the high-tech intelligence and heavy industry manufacturing skills they never had... to make what they were selling.
It’s summertime, and the living is easy.
Much of the world, particularly those in the northern hemisphere, is in a summer state of mind.
The silence here is deafening.
There is a BIG secret being kept from the public, one which has the potential to send the already vastly overleveraged financial system into a tailspin on an unprecedented scale… and that is a commercial real estate time bomb.
Understanding the boundless sense of entitlement of technocrats to radically remake the world, is a key to putting together their sometimes seemingly far flung pursuits.
A “proton flow battery” created at RMIT University in Australia can store as much energy per unit of weight as a mid-range lithium-ion battery and is just as energy-efficient, the developers say.