Home prices across 70 cities in China edged down 0.11 percent in April, year over year, their first decline since November 2015, according to The Wall Street Journal’s analysis of data published by China’s National Bureau of Statistics. Prices rose in 30 cities and fell in 40. The decline was concentrated in China’s poorer, smaller...
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SPOTLIGHT: INFLATION
SURGING OIL PRICES DRIVE RECORD INFLATION IN GERMANY Prices in Germany shot up 7.8 percent in April, year over year, the fastest since 1981, after setting a record pace of 7.6 percent in March. The increase was driven by higher energy costs. Producer prices in March saw the greatest annual surge since records began being...
SPOTLIGHT ON INFLATION
KEY U.S. INFLATION GAUGE NOTCHES 40-YEAR RECORD The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation, sped along this year through March at 6.6 percent, the U.S. Bureau of Economic Analysis reported. Food and energy costs were particularly inflated, due in large measure to the Ukraine war and Western sanctions....
SPOTLIGHT ON INFLATION
Overview: As we have detailed for nearly two years, inflation across the globe was on the rise despite the central banks denying the reality so they could continue to pump in cheap money to artificially pump up equites and economies. And as we have also greatly detailed in previous Trends Journals, as a result of...
CHINA’S PROPERTY INDUSTRY FACES DRAMATICALLY DIFFERENT FUTURE
After suffering through a crisis that nearly toppled the industry, China’s property developers see a starkly different future than their freewheeling past, The Wall Street Journal said on 8 April. Chinese developers have realized that a two-decade boom in housing, commercial, and industrial building has ended, analysts told the WSJ, and the market will worsen...
SPOTLIGHT ON INFLATION
HIGHEST U.S. INFLATION IN 40 YEARS CURBS CONSUMER SPENDING The Personal Consumption Expenditures Price Index (PCE), the U.S. Federal Reserve’s preferred measure of inflation, ratcheted up 6.4 percent in February, year on year, the PCE’s largest annual gain since 1982, the U.S. commerce department reported. The index registered 6.0 percent in January. Food costs rose...
SPOTLIGHT: BIGS GETTING BIGGER
Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy. Here are some more of what the BIGS have been gobbling up and how the Bigs keep getting bigger and the rich keep getting richer. EU APPROVES AMAZON’S PURCHASE...
SPOTLIGHT ON INFLATION
RISING ENERGY, METALS PRICES FUEL INFLATION IN CHINA The annual inflation rate for Chinese factories’ raw materials dipped to 8.8 percent in February from 9.1 percent the month before, The Wall Street Journal reported. Also in February, factories raised the prices for their products for the first time since October. The increases were driven by...
SPOTLIGHT: INFLATION
TURKEY’S INFLATION RATE TOPS 54 PERCENT In February, prices in Turkey rose at an annual clip of 54.4 percent, the Turkish Statistical Institute reported. The rate is the fastest since March 2002 and edged past the 52.5 percent expected by economists Bloomberg had polled. Food prices skyrocketed 64.5 percent over the last 12 months and...
U.S. EXPANDING WARZONE TO STOP CHINA’S EXPANSION
The Biden administration is reportedly in panic mode over China’s apparent ambitions to develop a military base in Equatorial Guinea and is sending top officials to the country in an effort to dissuade Malabo from agreeing to any deal with Beijing, which has already made significant inroads in the West African country. The U.S. team...