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.
Category: 18 July 2023
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The value of exports from China fell 12.4 percent in June, year over year, to $285 billion after declining 7.5 percent in May, The Wall Street Journal reported.
BANK OF CANADA RAISES INTEREST RATES TO 22-YEAR HIGH
Once again, the Bank of Canada (BoC) raised its key interest rate by a quarter point, moving it from 4.75 to 5.0 percent in the wake of second-quarter consumer spending that was stronger than predicted.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
Again, the facts are in the data and the numbers are in the facts. The higher interest rates the deeper economies will decline and the higher the unemployment numbers will rise. Inflation and high interest rate hikes are causing companies in many sectors to lay off employees.
TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: EU, LATIN AMERICAN LEADERS MEET THIS WEEK TO REVIVE ECONOMIC TIES
On Monday and Tuesday this week, more than 50 leaders from Latin America, Caribbean nations, and the European Union (EU) met in Brussels in the first such transatlantic summit since 2015 in an effort to smooth over differences and rebuild trade relationships.
REGULATORS FINE BANK OF AMERICA $250 MILLION OVER FAKE ACCOUNTS
Bank of America (BoA) must pay $250 million in fees after it was found to have opened credit card accounts in customers’ names without their permission and for double-charging some fees.
BRACE FOR A WAVE OF BANK MERGERS, EXPERTS SAY
High interest rates, tighter regulations, and growing losses on commercial real estate loans will drive an increasing number of small, regional, and mid-size banks to surrender to mergers in coming months, according to a dozen banking industry analysts and executives interviewed by CNBC.
HOME MORTGAGE RATE TOPS 7 PERCENT
After sliding for the past eight months, U.S. mortgage rates climbed back above 7 percent last week, Bloomberg reported.
LATE LOAN PAYMENTS ON THE RISE
Many Americans’ credit scores rose as the COVID War set in and people paid down debt when there were fewer options for spending.
INFLATION RATE FALLS TO 3 PERCENT
The U.S. top-line inflation rate fell to 3 percent in June, down from 4 percent in May, less than a third of its peak of 9.1 percent in June 2022 and close to the U.S. Federal Reserve’s target rate of 2 percent.