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.
Last month, economic activity picked up in China’s retail and travel industries as well as at computer chip and smartphone factories, the National Bureau of Statistics (NBS) has reported.
In July, Britain’s economy contracted most sharply since December, with GDP puckering by 0.5 percent compared to July and busting analysts’ expectations of a 0.2-percent slide.
The European Central Bank’s (ECB’s) decision last week to signal that its interest rate may now have peaked was not unanimous.
On 14 September, the European Central Bank (ECB) raised its key interest rate for the 10th time in as many meetings, bumping it by a quarter point to an even 4 percent, the highest since the euro currency was introduced in 1999.
Since January, oil production cuts by the Organization of Petroleum Exporting Countries have subtracted 2.5 million barrels a day from the world’s oil supply, the International Energy Agency (IEA) has calculated.
This is the 54th week that we have been reporting job losses. And as we note in this Trends Journal, the outlook for hiring workers for the holiday season is at a Panic of ’08 low.
Money market funds’ assets have grown by $1 trillion so far this year, the Financial Times reported, and are poised to end this year with an additional $1.5 trillion if the current pace of deposits continues.