As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
Category: 31 October 2023
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SPOTLIGHT: CHINA’S ECONOMY
The Chinese government has announced a trillion-yuan boost (about $1.4 billion) to domestic spending, breaking its long-standing limit of a deficit no larger than 3 percent of GDP. That will dig the annual budget hole deeper than it has been in 30 years, according to figures cited by Bloomberg.
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U.S. ELECTRIC VEHICLE SALES HIT THE BRAKES
High interest rates, inflated materials costs, and sticker-shock prices in the $60,000 range have stalled the electric vehicle revolution in the U.S.
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EUROPEAN CENTRAL BANK FREEZES INTEREST RATE
At its meeting on 26 October, the governing council of the European Central Bank (ECB) ended its streak of 10 consecutive interest rate hikes, leaving its deposit rate at 4 percent, its highest since the euro currency was launched on 1 January, 1999.
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EUROZONE ECONOMY SHRANK IN THIRD QUARTER, PMI INDICATES
The Eurozone’s economy probably contracted in this year’s third quarter, according to the Hamburg Commercial Bank’s newest composite purchasing managers index (PMI).
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
How much more proof do people need to see the dismal economic future? For the mainstream media, the only numbers that count are stock indexes. Welcome to week 60 or our job layoffs... of a bad situation getting worse.
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HARD TIMES FOR CREDIT REPORTING AGENCIES
In an era of economic uncertainty and high interest rates, lenders are making fewer loans.
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ANOTHER BAD JOKE: BIDEN NAMES 31 U.S. REGIONAL TECH HUBS
The Biden administration has designated 31 locales around the country as “Regional Innovation and Technology Hubs.”
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HIGH INTEREST RATES THREATEN TO SPARK RECESSION
On 23 October, the yield on the 10-year U.S. treasury bond broke up through 5 percent for the first time in 16 years. On 27 October, the average national interest rate on a 30-year, fixed-rate home mortgage topped 8 percent, according to Bankrate. The average credit card interest rate has reached 22 percent, the U.S. Federal Reserve reported.