As we have been forecasting, with interest rates rising, not only would depositors take their money out of banks and invest it money market funds and high-yielding Treasuries, but more importantly, the socioeconomic and geopolitical damage inflicted upon humanity by politicians who launched the COVID War, would also devastate much of the banking system.
314 search results for: SPOTLIGHT ON CHINA
ECONOMIC UPDATE – MARKET OVERVIEW
The global economic slowdown has begun. The facts are in the figures. Leading the downtrend is China, the world’s #2 economy, whose leaders caused the socioeconomic decay when they launched the COVID War during their Lunar New Year in January 2020, “The Year of the Rat.” After imposing draconian zero-COVID policies for some three years, they have destroyed the lives and livelihoods of hundreds of millions across the nation.
DOLLAR’S VALUE SINKS FURTHER AS BIG BANKS TURN BEARISH
After closing at 99.91 on 17 July, the U.S. dollar regained little ground against an assortment of other major currencies, trading at 101.08 at 5 p.m. U.S. EDT on 21 July.
U.K. ECONOMY SUCKS, VOTERS DON’T WANT SUNAK CLUB
British Prime Minister Rishi Sunak is learning that hatred for Russians can only get you so far when the economy tanks.
TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: EU, LATIN AMERICAN LEADERS MEET THIS WEEK TO REVIVE ECONOMIC TIES
On Monday and Tuesday this week, more than 50 leaders from Latin America, Caribbean nations, and the European Union (EU) met in Brussels in the first such transatlantic summit since 2015 in an effort to smooth over differences and rebuild trade relationships.
ECONOMIC UPDATE – MARKET OVERVIEW
Equity markets in the U.S. are rising as fear of a recession diminishes and corporate profits continue to increase. But while the expectations for economic growth keep rising, the value of the dollar keeps falling. Sinking to a one-year low on anticipation that the Federal Reserve will, at best (or worst) raise interest rates just another 50 basis points and then start lowering them, last week the dollar had its worst week of the year... and the downward trend line continues.
DOLLAR’S VALUE SINKS TO 14-MONTH LOW; DEATH OF DOLLAR?
The dollar’s value sank to its lowest in 14 months against other major world currencies on 14 July, according to the U.S. Dollar Index.
ECONOMIC UPDATE — MARKET OVERVIEW
“The Trend is Your Friend.” As we had forecast back in November 2022, and as Gerald Celente and The Trends Journal has been repeating since, the S&P 500 would rise at least 16 percent in the following 12 months. It has now hit that mark.
EUROPE GOING FROM DIRTY CASH TO DIGITAL TRASH
The European Commission (EC), the European Union’s administrative body, has published draft rules that would govern the creation and implementation of a digital euro.
TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: OIL DEMAND WILL STAGNATE IN NEXT FIVE YEARS, IEA PREDICTS
Over the next five years, global demand for oil will virtually stop growing, the International Energy Agency (IEA) has predicted, as electric vehicles (EVs), biofuels, and energy efficiency permeate the energy economy.