With a new crypto friendly mayor, look for NYC to try gain back its mojo by becoming a center for crypto markets which exploded into the mainstream in 2021. It’s become clear that the Big Apple needed to throw its weight behind cryptos. Otherwise it risked getting left behind as old ways of conducting finance,......
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DRAGFLATION
It will be a DRAGFLATION, not a stagflation economy in 2022. Go back to the beginning of 2021. Listen to what the Fed Banksters and “experts” were saying about inflation: It was “temporary.” Month after month, as inflation kept rising higher, the money mobsters changed their tune and inflation forecasts went from “temporary” to “transitory.”......
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GET READY FOR 2022
Forty two years ago I began The Socio-Economic Research Institute of America. Back then, when I told people we forecast trends they would say, “fashion trends, music trends?” That’s as far as trend went and in reality, for the general political, business and educational culture it has not gone much further. Harvard, Princeton, Yale, Oxbridge,......
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SPOTLIGHT: INFLATION ON THE RISE
BRITAIN’S INFLATION SPRINTS ITS FASTEST IN 10 YEARS Inflation in the U.K. edged up to 4.2 percent in October, year over year, accelerating from September’s 3.1-percent pace. The rate at which October’s prices rose was the fastest since December 2011 and more than double the Bank of England’s 2-percent target rate. The U.K.’s core inflation...
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SPOTLIGHT: BIGS GETTING STILL BIGGER
KKR BID TO BUY TELECOM ITALIA SPARKS BATTLE FOR CONTROL The board of Telecom Italia (TI), Italy’s largest telecommunications provider, met Sunday to mull a takeover bid from U.S. private equity firm KKR. KKR already owns 37.5 percent of TI’s “last mile” business that connects individual homes and businesses to the larger network; now KKR...
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TURKEY: THE FAMOUS LIRA DIVE
Once again, Turkey’s central bank has cut interest rates, sending its currency to a new low against the dollar and heightening fears that inflation will worsen and crash the country’s economy. The bank cut its one-week repo rate by 1 percentage point to 15 percent, the third cut since economist Sahap Kavcioglu became the bank’s...
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JAPAN PLANS NEW STIMULUS AS OTHER COUNTRIES END ECONOMIC SUPPORTS
Japan’s government will send a check for ¥100,000, about $872, to every household in the country with children under 18 years of age and give the equivalent of $22,000 to every small business that can show it has been adversely affected by the COVID era’s economic chaos. Households without children will receive no payment. The...
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EURO HITS 16-MONTH LOW AGAINST THE DOLLAR. HOW LOW CAN IT GO?
The euro plunged to a 16-month low against the dollar as traders “priced in” the European Central Bank’s (ECB) pledge to not raise interest rates until at least 2023. Investors are betting the ECB will boost rates by 0.1 percent in early 2023, The Wall Street Journal reported, after bank president Christine Lagarde told the...