Everyone talks about the Technocracy, but no one does anything about it. That paraphrase of a memorable old quote about the weather may not be completely true. But there’s no doubt that most people opposed to the deeply elitist technocratic agenda can be doing more in their everyday choices to cut off its life blood....
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EXPECT INFLATION TO RISE RAPIDLY, ALONG WITH A NEW FEUDAL SYSTEM
By Gregory Mannarino TradersChoice.net For YEARS I have outlined for people who follow my work that an inflation tsunami was approaching, and there was no way to stop it. Well, this event has certainly begun despite what the mainstream media propaganda machine may be reporting. Moreover, rising inflation is about to get much worse. To...
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U.S. MARKET OVERVIEW (U.S. EQUITY MARKETS: DOWN AND UP)
In a prelude to yesterday’s stock market plunge, stocks closed Friday below their Monday levels. The S&P 500 and Dow Jones Industrial Average each lost 1 percent for the week; the NASDAQ was off 1.9 percent. Equities sank on the news that inflation in June spiked 5.4 percent and surveys showing consumers losing a measure...
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TURKEY’S INFLATION RATE JUMPS ABOVE 17.5 PERCENT
Turkey’s inflation rate rose to 17.53 percent in June, its highest in two years, edging past analysts’ expectations of 16.8 to 17.0 percent as consumers began spending again after the country lifted its lockdown this spring. Economists polled by Bloomberg expected a 16.8-percent rate. Consumer prices shot up 1.94 percent for the month, well past...
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EUROPEAN HOME PRICES CLIMBING
The median price of a home across the European Union’s 27 member countries rose 6.1 percent in this year’s first quarter, the union’s statistical agency Eurostat reported, a pace faster than at any time since the third quarter of 2007. Home prices among the 19 countries sharing the euro currency climbed 5.8 percent, the speediest...
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CHINA’S MANUFACTURING ECONOMY SLOWS IN JUNE
China’s purchasing managers index for the country’s manufacturing economy edged down in June to 50.9 from May’s rating of 51, the National Bureau of Statistics reported. Supply-chain disruptions throttled back production, but demand for exports also eased slightly, the bureau said. Factors hobbling factory output include the global shortage of computer chips that has hampered...
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EUROPEAN CENTRAL BANK SETS NEW INFLATION TARGET
In its first major policy review since 2003, the European Central Bank (ECB) has set a new target inflation rate of 2 percent but says it will tolerate higher rates for brief periods without tweaking interest rates. The previous inflation target had been a more vague “below, but close to, 2 percent.” The new 2-percent...
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EUROPE’S ECONOMY TO GROW FASTEST IN DECADES THIS YEAR
The European Union’s economy will expand by 4.8 percent this year, the European Commission (EC) has predicted, the fastest rate since 1976. The region’s GDP will grow 4.5 percent in 2022, the commission expects. Previous forecasts targeted 4.3- and 4.4-percent growth in the respective years. Germany’s economy will add 3.6 percent, France’s 6 percent, Italy’s...