The same New York “health officials” who told you to “hunker down” at home to prevent COVID-19 disease transmission for years are now blaming a heat wave that kept city-dwellers indoors as a likely driver in an increase in new cases.
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ECONOMIC UPDATE – MARKET OVERVIEW
The global economic slowdown has begun. The facts are in the figures. Leading the downtrend is China, the world’s #2 economy, whose leaders caused the socioeconomic decay when they launched the COVID War during their Lunar New Year in January 2020, “The Year of the Rat.” After imposing draconian zero-COVID policies for some three years, they have destroyed the lives and livelihoods of hundreds of millions across the nation.
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JPMORGAN BECOMES A GOLD BUG
With a recession still likely, gold’s price will break through $2,000 later this year and set new records in 2024 as the U.S. Federal Reserve begins cutting interest rates in next year’s second quarter, analysts at megabank JPMorgan Chase predicted.
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ARE YOU READY? CENTRAL BANKS WILL VASTLY INFLATE FROM HERE
Being that not a single developed nation on Earth is going to implement any real cuts to spending, you can count on one thing happening, much higher global debt.
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“SAFE AND COMPLIANT” AI REQUIRES SAFE AND COMPLIANT HUMANS
Officials and “experts” are now beginning to argue that developing “safe and compliant” generative Artificial Intelligence is being made more difficult, due to human created “misinformation” and “disinformation.”
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WESTERN MEDIA NOW REPORTING WHAT CELENTE, RITTER, AND MACGREGOR HAVE BEEN REPORTING FOR MONTHS: UKRAINE WON’T WIN
The Ukraine War has been nothing if not an evolution of journalistic groupthink in the U.S.
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PROTESTS KEEP ROCKING ISRAEL AS NETANYAHU MOVES AHEAD WITH JUDICIAL REFORMS
Demonstrators took to the streets across Israel on Saturday to keep up the campaign against Prime Minister Benjamin Netanyahu’s government to overhaul the country’s judicial system after a major vote last week scrapped the “reasonableness law” that allows the court to keep the Knesset in check.
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ECONOMIC UPDATE – MARKET OVERVIEW
At this point in the stock market game, it’s all about interest rates.
In the U.S., the bet on The Street is that following the Fed’s meeting on Wednesday, there is a 98-percent probability that the central bank will raise interest rates 25-basis points, according to the CME FedWatch Tool.
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HOME SALES, PRICES SLIP IN JUNE: CRASH COMING?
Sales of existing homes, which normally make up most of the housing market, dropped 3.3 percent in June from May to 4.16 million units, down 18.9 percent from a year earlier and the slowest sales pace since January, the National Association of Realtors reported.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The number of office buildings burdened with troubled loans, or already repossessed by lenders, jumped 36 percent in this year’s second quarter from the first, MSCI Real Assets reported.