Dragflation: Economic growth declining and inflation rising... plus the pressure of interest rate hikes that are drying up the cheap money pool are causing companies in many sectors to lay off employees.
Category: 4 October 2022
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TIMBERRRR! LUMBER PRICES CRASH
On 27 September, lumber futures prices dropped to $429.30 per thousand board feet, falling 60 percent from their peak last March to levels preceding the COVID era and its building boom, according to Random Lengths, an industry research service.
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U.S. MORTGAGE RATES HIGHEST IN 15 YEARS
Last week, U.S. mortgage interest rates rose to their highest levels since July 2007 during the Great Recession.
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NEW WORLD DISORDER TREND: DOLLAR WREAKING HAVOC IN EMERGING MARKETS
The U.S. Federal Reserve is watching the turmoil that the strong dollar is causing in emerging markets, but still will continue to raise interest rates in its struggle to control inflation, Fed vice-chair Lael Brainard said at a Fed-sponsored conference last week.
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MAJOR STORES LOCK MERCHANDISE AS THEFTS SKYROCKET, FURTHER CEMENTING OUR FORECAST
You would need to be living under a rock if you are unfamiliar with videos showing people with guns robbing stores, groups of brazen shoplifters entering supermarkets and high end retail outlets exiting with designer bags, Apple computers, jewelry, robbing people in the streets, stealing their cars, etc.
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NEW ZEALAND’S DICTATOR: YOU MUST BELIEVE WHAT THE GOVERNMENT SAYS
New Zealand Prime Minister Jacinda Ardern, well known for imposing among the strictest COVID War mandates on the planet (and still getting the virus despite being fully vaxxed) has joined the chorus of politicians who want Big Tech to crack down on freedom of speech.
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THE SHOW MUST GO ON: EX-NY GOVERNOR CUOMO PREPARES FOR COMEBACK
You can remove the politician from office, but you can’t stop him from selling his bullshit.
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CANADA ENDS COVID-19 BORDER RESTRICTIONS WITH THE U.S.
Canada ended its COVID-19 border restrictions last weekend that have been a source of contention between Ottawa and Washington for months as both countries slowly reopen from economy-killing lockdowns.
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4 KILLED, DOZENS WOUNDED IN ISRAELI WEST BANK RAID
A major clash broke out in the occupied West Bank last week that resulted in at least four deaths and 44 wounded at the Jenin Refugee Camp after Israel forces said they faced resistance.
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MACRON FACES LARGE PROTESTS OVER WORKING CONDITIONS
Protests broke out in France last week to call on higher wages to help workers to make ends meet amid high inflation, and lashed out at President Emmanuel Macron’s move to raise the retirement age in the country.