TRENDS ON THE ECONOMIC AND MARKET FRONT
James Gorman, Morgan Stanley’s CEO for the past 12 years, has sold $48 million worth of his hoard of Morgan stock so far this year, bringing the total he has cashed in to $78 million. Ted Pick, who will take over for Gorman in January, has sold $30 million worth of his shares, according to the Financial Times.
What a difference a month makes. The U.S. equity market continues its November spike.
U.S. inflation is not yet tamed and the U.S. Federal Reserve is more likely to raise interest rates than cut them if any change is needed, Fed chair Jerome Powell said in a 9 November speech to a conference of the International Monetary Fund.
Americans under age 50 were more than $9.5 trillion in debt in this year’s third quarter, compared to about $9.3 trillion in the preceding three months, marking the largest quarterly increase since 2022’s fourth quarter, U.S. Federal Reserve data shows.
The value of commercial property loans that have missed at least one payment grew by $4 billion, about 30 percent, in this year’s third quarter, data service BankRegData said. The total value of delinquent loans so far this year is about $10 billion.
TRENDS ON THE GLOBAL ECONOMIC FRONT
Everything is just fine, just ask the gamblers on The Street. Forget about how Inflation and interest rate hikes caused, and are still causing companies in many sectors to lay off employees.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
Many emerging nations are being thrown into a “silent debt crisis” by high interest rates in the U.S., the World Bank has warned.
The Israel-Hamas war has had catastrophic impacts on Israel’s $488-billion economy, with 350,000 military reservists—about 8 percent of the country’s workforce and a large share of the retail customer base—called into service.
Top-line inflation in Europe is easing, but central bankers are warning they do not expect to cut interest rates any time soon.
Higher interest rates and inflated prices for hardware are pinching financing for clean energy projects, The Wall Street Journal reported.
In the 2015 climate summit, world leaders promised to cut fossil fuel production and use to a level that would limit global warming to 1.5°C above pre-industrial temperatures.
Even though electric vehicle (EV) sales in the United States topped 300,000 for the first time in this year’s third quarter, sales of electric vehicles (EVs) have stalled in Europe and the U.S., prompting manufacturers to slow or halt production and dealers to slash prices to move the cars off their lots.
The U.K.’s economy showed no growth in this year’s third quarter from the second, “entering what is expected to be a protracted period of stagnation on the cusp of a recession,” The New York Times reported.
Inflation in British grocery prices fell to 9.7 percent in the four weeks ending 29 October, the first time monthly food price gains have been limited to single digits since July 2022, research service Kantar reported.
German container shipping company Hapag-Lloyd reported profits this year through September were almost 80 percent below those of last year over the same period, falling to €3.2 billion.
WeWork, the global chain of co-working spaces that was once valued at $47 billion, filed for Chapter 11 bankruptcy protection in the U.S. this month after seeing its stock price plunge by more than 98 percent this year.
Bookings for international air travel fell 20 percent below 2019 levels in the three weeks following Hamas’s attack on Israel, according to travel data service ForwardKeys.
Richemont, the Swiss luxury conglomerate that owns the Cartier, Montblanc, Piaget, and Van Cleef & Arpels brands, among others, reported third-quarter sales that fell below analysts’ expectations.
While the Office Building Bust is very old news for Trends Journal subscribers—we had forecast this three years ago—it is now just making it into the mainstream news.
China’s economy will end this year with a 5.4-percent growth rate, the International Monetary Fund (IMF) has projected, increasing its outlook for the country from the 5 percent it had foreseen in its October forecast.
THE ISRAEL WAR
Israeli Prime Minister Benjamin Netanyahu has declared Israel will reoccupy Gaza at the end of the current stage of the Israel War.
Tedros Adhanom Ghebreyesus, the head of the World Health Organization, said Friday that Israel’s bombardment of civilians in Gaza has taken its toll on the children in the enclave, killing, on average, one child every 10 minutes since the start of the conflict.
Israeli Prime Minister Benjamin Netanyahu has refused to budge on growing calls for a humanitarian ceasefire in Gaza, and said those protesting in favor of such a stoppage are nothing more than today’s Nazi supporters.
Israel has continued its attacks on hospitals across Gaza in its effort to destroy Hamas after the 7 October invasion that resulted in the deaths of 1,200 Israelis.
Mohammed bin Salman, the Saudi Arabian crown prince, on Friday repeated his call for Israel to end its blockade in Gaza along with its brutal bombing campaign that has killed over 11,000 and injured tens of thousands more.
Antony Blinken, the U.S. secretary of state, lashed out at those who called for a ceasefire in Gaza during a Group of Seven meeting, and said, “those calling for an immediate ceasefire have an obligation to explain how to address the unacceptable result that would likely bring.”
A major Israeli raid on the West Bank’s Jenin refugee camp resulted in the killings of at least 14 Palestinians.
Israel’s genocide in Gaza gives Russia and China an opportunity to present themselves to much of the world as countries that stand for peace and human rights—while the U.S. finds itself—once again—marred in a conflict thousands of miles away.
Lloyd Austin, the U.S. defense secretary, had a phone call with Israel’s top defense chief, Yoav Gallant, and raised concerns about a widening conflict.
The genocide in Gaza has sparked massive protests around the world by those who oppose Israel’s military action and blockade in one of the world’s poorest and most densely populated cities.
Mao Ning, the Chinese Foreign Ministry spokesman, said Monday that the current situation in Gaza is “quite dire” and said Beijing supports “all efforts aimed at de-escalating the conflict and restoring peace” in the coastal city.
FEATURED TRENDS GUEST ARTICLE by Philip Giraldi
Last Tuesday there took place a disgraceful display of visceral malignancy in the United States House of Representatives Chamber in the south wing of the Capitol building.
FEATURED TRENDS GUEST ARTICLE by Paul Craig Roberts
The neoconservative/Netanyahu agenda of reopening the Middle East wars in the interest of Greater Israel has shoved Ukraine off the screen.
FEATURED TRENDS GUEST ARTICLE by Dr. Joseph Mercola
The Omega-3 Index test measures the amount of EPA and DHA, the two long-chain omega-3s found in marine sources, in red blood cell membranes, expressed as a percentage of the total fatty acids in the membrane
TRENDS IN THE MARKETS by Gregory Mannarino
Over the weekend U.S. debt got downgraded to negative, and with that, the U.S. carried out more airstrikes in Syria. (As we have covered and predicted would happen right here, the U.S. debt situation along with expanding war would, and will, get much worse even from here).
TRENDS IN TECHNOCRACY by Joe Doran
Congressman Thomas Massie recently tried to throw up a roadblock against impending regulations that will place “kill switches” into automobiles.
This past week saw several by turns startling and ominous signs of an ongoing, largely unheralded War For Natural Humanity, as I have named it in my three volume series culled from content mostly written for The Trends Journal.
TRENDS IN CRYPTOS
As an author and content creator who has long dealt with a few major distribution platforms for my creative work, I have been keeping close tabs on web3 development.
IRS proposed crypto reporting regulations treat cryptos far differently than other asset classes. The regulations seemed designed to damage crypto adoption in the U.S., says Coinbase, the largest crypto exchange operating there.
TRENDS IN THE COVID WAR
The COVID-19 “national health emergency” may have ended in May, but the impact of needless lockdowns are still being felt by Americans who have seen historic jumps in chronic illness and mental illness in the months since, according to the American Psychological Association.
On the heels of our reporting and forecast last week that the COVID War is turning to the battlefield of childhood immunizations, the CDC just released numbers bearing us out.
TRENDS IN GEOPOLITICS
Former diplomats say the U.S. is missing out on what could be strategically important ties in Latin America, as China continues its outreach in the region as the Biden administration struggles with ineffective engagement.
German politicians agreed in principle to double the country’s military aid for Ukraine in 2024 as the war shows no sign of ending.
The U.S. military carried out a third round of retaliatory strikes against Iranian-linked militants in Syria on Sunday in response to what the Pentagon has described as repeated attacks on American troops stationed in the region since the Hamas attack on 7 October.
Ukrainian President Volodymyr Zelensky perfectly portrays this week’s Trends Journal cover: FOLLOW YOUR POLITICAL LEADER. DO WHAT YOU ARE TOLD! YOU’RE NOTHING MORE THAN A PIECE OF SHIT.
Washington and Brussels announced last week that they would suspend the Treaty on Conventional Armed Forces in Europe after Russia announced that it would end its participation.
SPOTLIGHT ON CENSORSHIP
For many years, we have been forecasting Censorship 2.0, the new way of the world among so-called democratic nations to censor freedom of speech.
Top politicians from South Korean President Yoon Suk Yeol’s People Power Party have announced new efforts to crack down on the news media by resorting to lawsuits and new regulations to weed out so-called “fake news” outlets.
The New York Times announced last week that a reporter resigned after violating the paper’s policy when she signed an open letter condemning Israel’s ongoing genocide in Gaza.
New York’s Columbia University announced last week that it suspended Jewish Voice for Peace and Students for Justice in Palestine for allegedly expressing threatening rhetoric and “intimidation,” New York Jewish Week reported.
Germany is grappling with pro-Palestinian protests and critics say it is banning free speech in the country in its effort to atone for its Holocaust atrocities against Jews during WWII.
Another drug designed to help the obese and diabetics lose weight has been approved by the Food and Drug Administration.
TRENDS IN HI-TECH SCIENCE by Ben Daviss
Twenty-one teams of scientists around the world have collaborated to make the most detailed catalog yet of human brain cells.
Working with a plastic called epoxy resin vitrimer, researchers at the University of Tokyo have created a new kind of plastic that is plastic-strong at room temperature, repairs itself when cut, breaks down into its recyclable ingredients when heated, and dissolves in seawater into edible material that can nourish marine life.
Lyme disease is rampant, with 14 percent of the world’s adults having or having had the illness, according to BMJ, a British publisher of medical journals.
TRENDS IN AI
The News Media Alliance (NMA), a trade group of more than 2,000 newspaper publishers, has released research they say shows that AI developers rely more heavily on copyrighted newspaper stories in training their AIs than they do on generic content randomly taken from the web.
When AI popped into educators’ awareness a year ago, many math teachers panicked: with AI able to solve math problems for students on demand, what would be the point of assigning homework – or what would be the point of teaching math at all?
In treating depression, AIs such as ChatGPT were better at adhering to standard treatment protocols than human professionals and also showed less gender or class bias, according to a study from Oranim Academic College in Israel.
Governments around the world are debating how to guide AI. China and the European Union have laid out sets of rules. In the U.S., the Biden administration has issued an executive order. Earlier this month, Britain hosted an AI “safety summit” to initiate discussion of what to do.