TRENDS ON THE U.S. ECONOMIC FRONT ECONOMIC OVERVIEW How low can we go? This isn’t ancient history. Go back to Chinese Lunar New Year 2020: The Year of the Rat In January, when the coronavirus was launched in the city of Wuhan, Beijing locked the city down, and others, to beat the virus. In lockstep,...
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SUPPLY CHAIN NIGHTMARES BEGET “RESHORING” AND SELF-SUFFICIENCY
The global supply chain crisis—see “WORLD’S SUPPLY CHAIN SNARLED UNTIL WELL INTO NEXT YEAR” (14 Sep 2021)—as we have forecast, will give rise to more manufacturing returning nations who want to become more self-sufficient (see 2022 Top Trend “SELF-SUFFICIENT ECONOMY”). Termed “Reshoring,” presumably coined from “offshoring,” it will provide a new pathway for nations that...
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TURKEY: THE FAMOUS LIRA DIVE
Once again, Turkey’s central bank has cut interest rates, sending its currency to a new low against the dollar and heightening fears that inflation will worsen and crash the country’s economy. The bank cut its one-week repo rate by 1 percentage point to 15 percent, the third cut since economist Sahap Kavcioglu became the bank’s...
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BRITISH COLUMBIA: VAX SUPERSEDES HUMAN RIGHTS
Trends Journal reported earlier this year on British Columbia’s massive drive to vaccinate the Canadian province’s entire population; see “BRITISH COLUMBIA ROLLING OUT VAX FOR ‘EVERY CITIZEN’” (26 Jan 2021). That article told of a Trends Journal reader and “concerned citizen” of B.C. who foresaw that a vaccine card or “passport” would be required, “stripping...
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U.S. MARKET OVERVIEW In The Bronx, there is a saying: “Bullshit has its own sound.” While we have long been forecasting that inflation pressures would continue to rise, we kept noting that Federal Reserve chair Jerome Powell and the rest of the Bankster Gang had been spewing out bullshit for most of the year...
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CUOMO GETS BOOK DEAL TO WRITE FAIRY TALE
Before the coronavirus broke out, New York Governor Andrew Cuomo had a 47 percent approval rating. When he began to lock down the NY in March to fight the COVID War and was the big star on his daily TV press conferences, by 10 April, a poll conducted by FiveThirtyEight showed his approval rating surged...
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CAR SALES CRASH
In the U.S., Tesla has seen California registrations for its new cars topple 16 percent in April and 70 percent in May compared to a year earlier. Industry-wide car registrations in the state were down 52 percent over the same period. Across 24 states tracked by research firm Dominion Enterprises, registrations of new Teslas were...
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