In the U.S., its service industry, which accounts for nearly 70 percent of Gross Domestic Product, fell from 51.9 in April to 50.3 in May, according to data released yesterday by the Institute for Supply Management’s non-manufacturing PMI. Barely in positive territory, a reading above 50 indicates growth.
Category: Homepage Featured
THE DEBT DEAL: MORE SHOW THAN SUBSTANCE
As we had forecast for over a month, Congressional Republicans and President Joe Biden would reach a meaningless debt ceiling deal to avoid a national default. Also as we had forecast, the debt ceiling would be broken through once again with no end in sight... as the cover of this week’s Trends Journal illustrates.
NO U.S. DEBT CEILING FOR ARMS DEALERS AND WAR
No matter how divided the media Presstitutes and politicians claim the U.S. Congress is divided, when it comes to feeding the military-industrial complex and waging war, the facts prove they are on the same murderous page.
BLOCKCHAIN BATTLES
The draft of a bill that would provide clarity to class some crypto assets as digital commodities has been released by key Republican Chairs on the House Financial Services Committee and House Agriculture Committee.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Silverstein Properties, which developed the new World Trade Center, has made a deal to sell a 20-story office property on Manhattan’s Fifth Avenue for $105 million. In 2020, the company had refinanced the building for $171 million.
IT’S ALL ABOUT DESANTIS, FU RFK JR.
The mainstream media continues to diligently cover Florida Gov. Ron DeSantis’s bid for president while mostly ignoring Robert F. Kennedy Jr., President Joe Biden’s democratic challenger.
ECONOMIC UPDATE – MARKET OVERVIEW
In dumbed-down America, where nearly 45 percent of the people get what they call “news” from mainstream corporate TV and swallow the crap spewing out of the mouths of Presstitutes—media whores who get paid to put out by their corporate pimps and government whore masters—the vast majority have no clue of what in the world is going on.
ANTI-CHINA RHETORIC FROM G7 MEETING MOVES MOSCOW AND BEIJING EVEN CLOSER
China has warned European countries against following the U.S. down the path of confrontation in its zero-sum game to prevent the emergence of a unipolar world and to keep the current “global world order.”
EUROPE: FIRST AN ENERGY SHOCK, NOW A FOOD SHOCK
Europe’s cost of natural gas began rising sharply in the run-up to the Ukraine war as Russia curtailed gas deliveries to the continent in a show of political pressure; then gas prices skyrocketed again after Russia invaded Ukraine and the West slapped sanctions on Russia’s exports.
HUMAN “SYMBIOSIS” WITH AI: CHATGPT WANTS TO BE YOUR DIGITAL KEEPER
“The concept of a dream machine … the human-computer symbiosis … is exciting. We went from the bicycle to the steam engine with ChatGPT.”