Everything's coming up roses. In Japan, the world’s third-largest economy, its central bank said today that it will keep its cheap money scheme going (i.e. quantitative easing) and its negative 0.1 interest rates to juice up its economy which contracted at an annualized 2.9 percent rate in the last quarter.
Here we are now at the end of 2023, with a world economy coming apart faster than any other time in history and a middle class which is rapidly being erased.
Hossein Amirabdollahian, the top Iranian diplomat, warned last week that the Middle East is a tinderbox and can experience a “big explosion in the region, one not controllable by any party.”
This past week Microsoft partner OpenAI, parent company of the ChatGPT generative AI platform, agreed to pay Politico for news content to train its AI.
Israel’s brutal blockade in Gaza since the 7 October Hamas attack has been effective in choking off Palestinians from food and water—pushing many of the 2.2 million in the coastal enclave on the brink of starvation.
Russian President Vladimir Putin indicated during a year-end press conference last week that he is prepared to fight in Ukraine for the long haul.
Gregory Mannarino got it right. In his article this week he states that “Currently every single forward-looking economic indicator is pointing towards dramatically worsening economic conditions moving forward, and this IS good news for the stock market. While it may seem or even sound counterintuitive, in today’s environment the faster the economy craters the higher the stock market will go.”
Currently every single forward-looking economic indicator is pointing towards dramatically worsening economic conditions moving forward, and this IS good news for the stock market.
In October, for the fifth consecutive month, Germany’s factories reduced their output. Production fell 0.4 percent below September’s, which fell 1.3 percent from August.
Elon Musk reinstated Alex Jones to X (formerly Twitter) this past weekend, much to the dismay of legacy media.