By Gregory Mannarino, TradersChoice.net The secret is out! Not only are we experiencing deliberately created inflation on a massive scale courtesy of the Federal Reserve, but EVERY SINGLE forward projecting inflation indicator is flashing red. Inflation is rising at its fastest pace ON RECORD! Yet, the Federal Reserve continues to run its inflation-creation machine at...
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SHAREHOLDERS, COURT DARKEN OIL INDUSTRY’S FUTURE
Oil prices edged higher late last week as the world’s economy continued its bumpy recovery, even as shareholders and a Dutch court clouded Big Oil’s already uncertain future. On Wednesday, a court in the Netherlands ruled that Royal Dutch Shell must slash its greenhouse gas emissions 45 percent by 2030, compared to the company’s 2019...
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METAL PRICES FALL AFTER CHINA WARNS SELLERS
Global prices of industrial metals fell 24 May after China warned commodities producers and brokers to “maintain market orders” and not drive prices higher. The world’s economic recovery now underway has pushed prices for lumber, copper, cobalt, and other key metals to record levels. In April, Chinese imports grew 43 percent compared to a year...
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CHINA’S ECONOMIC RECOVERY SLOWS
China’s economic growth slowed in April because consumer spending remained weak. Industrial output rose 9.8 percent year on year, decelerating from March’s 14.8 percent; investment in fixed assets grew at 19.9 percent in January through April, compared to a year earlier, but slower than the 25.6 percent notched from January through March, the National Bureau...
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MAJOR BANKS FINED FOR COLLUSION
UBS Group, Nomura Holdings, and UniCredit SpA will collectively pay $450 million worth of fines for illegally colluding in trades involving European government bonds, under a ruling by the European Union. Seven banks traded information about customer prices and other sale-related details in advance of bond auctions, the European Commission found. The collusion took place...
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JAPAN’S RECOVERY FALTERS IN FIRST QUARTER
Japan’s economy, the world’s third-largest in 2019, contracted 1.3 percent in this year’s first quarter, a 5.1-percent annualized rate of loss, the Financial Times reported. The economy stumbled as the government declared a state of emergency in January that extended into March. The quarterly loss edged below analysts’ expectations of a 1.2-percent pucker and guaranteed...
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SHIPPING DELAYS HELPING TO INFLATE PRICES
Ports clogged with goods lined up to enter or leave are causing shortages of raw materials and consumer goods and contributing to inflated prices around the world. Globally, about 40 percent of container ships were entering ports on time in March, with average delays of more than six days as ships anchored offshore to wait...
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ECB HEAD DOWNPLAYS INFLATION
Price hikes clouding the world’s economic recovery “are of a temporary nature” and inflation will return to modest levels in 2022, Christine Lagarde, president of the European Central Bank (ECB), said in 21 May comments quoted by the Financial Times. “Underlying factors and fundamentals are certainly not there to let us… forecast that inflation will...