TRENDS ON THE ECONOMIC AND MARKET FRONT
Over the next 18 months, commercial real estate values will plunge by as much as 40 percent in Boston, Chicago, Los Angeles, New York City, San Francisco, and Washington DC, according to a new forecast from Capital Economics.
The true fear of an economic calamity on the near horizon was further clarified yesterday as gold once again illustrated its status as the world’s number one safe-haven asset.
All 11 voting members of the U.S. Federal Reserve’s Open Market Committee agreed to defer an interest rate increase in June’s meeting, the session's newly-released minutes show.
In June, wages were 4.4 percent higher than a year earlier and unemployment edged down to 3.6 percent from 3.7 percent in May.
The number of business and personal Chapter 11 bankruptcies shot up to 2,973 during this year’s first five months, a 68-percent increase from the 1,766 in the same period in 2022, data service Epiq Bankruptcy reported on 3 July.
Pacific Investment Management Co. (Pimco), the largest U.S. active bond fund manager, believes markets are far too optimistic about the U.S. Federal Reserve’s and European Central Bank’s ability to bring inflation to heel without causing a recession.
This is week 46 of job cuts. And get ready for a bad situation to get much worse. The higher the U.S. and EU raise interest rates the deeper economies will decline and the higher the unemployment numbers will rise.
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
UKRAINE WAR TREND UPDATE
Pedro Sánchez, the prime minister in Spain, repeated the Western war machine line that Spain will support Ukraine's war effort against Russia for “as long as it takes.”
The 18-month-old war in Ukraine has put those still living in the country in dire economic circumstances, with nearly a quarter of the population living in poverty, according to a new report.
The Russian Foreign Ministry rejected an NBC News story that said a group of former senior U.S. national security officials met with high-level Russians earlier this year as a form of “back-channel diplomacy taking place behind the scenes” vis-à-vis the Ukraine War.
U.S. President Joseph Biden announced last week that he ordered the military-industrial complex to send Ukraine cluster bombs so they...
A top-ranking U.S. military official admitted last week that Ukraine’s so-called counteroffensive has been a disappointment and that Russian positions in its occupied territory are more challenging to breach than anticipated.
FEATURED TRENDS GUEST ARTICLE by John & Nisha Whitehead
“Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear.”—Harry S. Truman
FEATURED TRENDS GUEST ARTICLE by Dr. Joseph Mercola
Carbon neutrality refers to a product that has net zero carbon emissions. The manufacture and use of corn-based ethanol has expanded based on the assumption that it’s carbon neutral and therefore far better for the environment than gasoline. However, several studies have shown that such assumptions are categorically false
FEATURED TRENDS GUEST ARTICLE by Philip Giraldi
“A riddle wrapped up in an enigma” is a shortened form of a quotation made in October 1939, just one month after the Second World War had begun, by Sir Winston Churchill in a radio broadcast to the British people. At the time, Churchill was First Lord of the Admiralty. The full comment was “I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma…”
PRESIDENTIAL REALITY SHOW® 2024
It was The New York Times’s turn last week to publish a hit piece against Robert F. Kennedy Jr., the Democratic challenger to President Joe Biden, and did its best to portray the environmental lawyer as a tin foil hat-wearing conspiracy theorist.
TRENDS IN TECHNOCRACY by Joe Doran
Google just admitted it considers the entire Internet, including everything users may post online or create using Google software, to be fair game for training its generative AI systems.
Just in time for July 4th, a Federal court judge in the Missouri vs. Biden court case issued a pro First Amendment ruling.
We recently probed Google’s Bard AI concerning the Russia-Ukraine war, and found that it displayed strong opinions about it.
TRENDS IN CRYPTOS
A recent research paper posted on SSRN detailed a web3 search engine that would use decentralized storage, PoS (Proof of Stake) and new PoL (Proof of Learning) crypto mechanisms to power and ensure the integrity of the decentralized network and service.
Always use two-step verification, and never give either verification codes or passwords to anyone, even someone claiming to be a Coinbase employee.
TRENDS IN GEOPOLITICS
For well over a decade we had warned that the refugee crisis sweeping across Europe would be a fundamental issue in elections and would escalate the rise of populist political parties.
Israeli forces bombed southern Lebanon last week as Tel Aviv considers a possible multi-front conflict as tensions in the region soar.
The American effort to turn Taiwan into a “porcupine” continued last week after the announcement of the latest sale of $440 million in military equipment to the island—which drew a swift rebuke from China.
The U.S. Air Force last week accused Russian fighter pilots of harassing Reaper drones over Syria in actions that the U.S. called unprofessional and reckless.
Palestinians keep waking up to a new day of attacks and murder by Israel, fearing what to expect next from Prime Minister Benjamin Netanyahu’s hardline government that is fighting for its survival as hundreds of thousands of Israelis keep taking to the streets in opposition to his Judicial reform acts.
If a U.S. president identifies you as a “suspected militant,” he has the ability to approve a Reaper drone to kill you—even if you are far from any conflict, according to newly declassified documents obtained by The New York Times.
A report by the World Economic Forum from 2019 is receiving new scrutiny, in light of accelerating dictates by big city mayors and governors to force “zero carbon” climate goals.
There’s a lot to be stressed out about these days, and more Americans are blimping up by eating their troubles away.
You want access to high-powered politicians? Check your father’s bank statement. And as the brilliant George Carlin has said about government and the political/investor gang, “It’s one big club, and you ain’t in it.”
More young people are being diagnosed with an array of cancers most commonly associated with old age, and medical professionals are trying to figure out why.
A recent study conducted by the U.S. Geological Survey found that about half the tap water in the country has PFAS, or per- and polyfluoroalkyl substances that have been known to cause serious health issues among the population.
A newly released study shined a new light on the financial struggles of millions of young Americans and found that 73.2 percent of Millennials—those between 25 and 40 years old—are living paycheck to paycheck.
The United Nations' nuclear watchdog last week gave the final approval for the release of 1.25 million tons of the treated wastewater from Japan’s Fukushima nuclear plant into the Pacific.
TRENDS IN HI-TECH SCIENCE by Ben Daviss
An obscure enzyme named HDAC9 may be a key to understanding the origins and prevention of Alzheimer’s Disease and dementia in general.
Two new breakthroughs have moved quantum computers closer to practical use.
Quantum computers can store vastly more data and process it far faster than conventional computers. The reason: current computers store data as a series of ones and zeros. Each digit is stored in a specific spot in a computer’s memory chips and the computer processes each digit one after the other.
The National Science Foundation has named 34 semifinalists in the first round of its Regional Innovation Engine program. Five winners will be named this fall to share $15 million over two years, then split another $145 million.
TRENDS IN AI
A team of 19 Chinese computer scientists from five separate institutions claim to have created an AI that designed a computer’s central processing unit (CPU)—a computer’s master chip or “brain”—in less than five hours, or about 1,000 times faster than humans could have accomplished the same task.
The Australian states of New South Wales and Queensland have banned ChatGPT and similar “large language model” AIs from public schools until government education departments determine how they can be used “safely and appropriately” in classrooms.
AI will erase jobs in a range of industries, but perhaps it’s surprising that some tech jobs are among the first to go.