In this section we provide trends analysis and trend forecast of the continuing Bankster Bust which Jami Dimon, the CEO of JPMorgan Chase warned today that “The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come.”
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Apr 4 2023
BANKING INDUSTRY TUMULT SINKS EUROPEAN REAL ESTATE STOCKS
In Europe, the share prices of publicly traded commercial real estate landlords finished their worst month in three years last week as investors feared the banking industry’s difficulties will make it harder for property owners to secure loans, which could sink property values, the Financial Times said.
SPOTLIGHT: CHINA POWER
In this section we provide an overview, trends analysis and trend forecast of key sectors of China’s economy:
M&As TANK IN FIRST QUARTER
Higher interest rates, an uncertain global economy, and the banking crisis conspired to whack the number of mergers and acquisitions by 45 percent in this year’s first quarter, compared to the same period in 2022, giving the M&A market its weakest start to a year since 2013, the Financial Times reported.
27 PERCENT OF POOR NATIONS ARE UNABLE TO SELL BONDS
About 27 percent of low-income countries have been shut out of the bond market as the banking industry’s chaos has left investors shunning risk, especially in the form of high-yield debt, the Financial Times reported.
EUROZONE’S CORE INFLATION RATE SETS RECORD
In March, the Eurozone’s consumer price index fell to 6.9 percent from February’s pace of 8.5 percent. It was the lowest reading in more than a year and beat The Wall Street Journal’s estimate of 7.1 percent.
OPEC+ SLASHES DAILY OIL OUTPUT LIMIT BY 1.16 MILLION BARRELS
The world oil market was stunned on 2 April by OPEC+’s announcement that it will cut its daily output allowance by about 1.16 million barrels, bringing the total of recently announced cuts to roughly 3.66 million barrels or about 3.7 percent of global production, Reuters calculated.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 34 of our reporting the long trend-line of layoffs that signal recession in a country near you.
SPOTLIGHT: BYE, BYE BUCKS—THE DEATH OF THE DOLLAR
As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Last week, federal bank regulators sold Silicon Valley Bank’s assets with a book value of $72 billion but they only fetched $55.5 billion from buyer First Citizens Bank, roughly 77 cents on the dollar.