The Philippines and the U.S. conducted joint patrols in the South China Sea to blunt what these countries see as Beijing’s growing assertiveness in the region.
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CHINA LEADS WORLD’S CENTRAL BANKS TO RECORD GOLD PURCHASES
Central banks around the world bought roughly 800 metric tons of gold this year through September, 14 percent more than during the same period in 2022 to set a new record, according to the World Gold Council, a rate the council called “voracious.”
SPOTLIGHT: BIGS GETTING BIGGER
As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
SPOTLIGHT: BIGS GETTING BIGGER
As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over. However, the “Bigs” will still get bigger, as they buy out overleveraged companies that can’t afford to borrow at high rates to refinance while, at the same time, recessionary pressures erode their profitability.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
About 24 percent of office space in 18 major Chinese cities sat empty in June, compared to 18.2 percent in the U.S., real estate services firm CBRE reported. In that month, the national value of office rents fell 7 percent below that of 2019.
HYPERSONIC? RUSSIA AND CHINA HAVE IT…U.S. DOESN’T
In November 2021, China successfully launched a hypersonic missile that caught the U.S. off guard.
SPOTLIGHT: EUROPE GOING DOWN
The HCOB purchasing managers index (PMI), which measures business activity across the 19-country Eurozone, sank to 47 in August, its lowest in 33 months, after the ongoing slump in manufacturing was joined by an unexpected contraction in services.
SPOTLIGHT: BIGS GETTING BIGGER
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.
SPOTLIGHT: EUROPE’S ECONOMIC CRISIS
Business activity in the 20-country Eurozone continued to slow this month after the region fell into a technical recession during this year’s first quarter, as we reported in “Eurozone in Recession” (13 Jun 2023).
UNITED IN HATE: UK, U.S. ANNOUNCE NEW PARTNERSHIP TO COUNTER RUSSIA, CHINA
President Joe Biden and British Prime Minister Rishi Sunak announced the framework of a new partnership that aims to bolster ties between the two countries in the face of rising tensions with Russia and China.