This is the headline on the front page of today’s Wall Street Journal: “OPEC + Weighs Pumping More Oil.”
314 search results for: SPOTLIGHT ON CHINA
SUNAK’S IN-LAWS MADE FORTUNE OUTSOURCING JOBS IN U.K., U.S., MAKING BIGS BIGGER AT THE EXPENSE OF THE WORKER
Rishi Sunak’s ascendance to the top of British politics has rankled some in the U.K. who say the secrecy surrounding his personal wealth is at odds of what 10 Downing needs given the financial turmoil facing the country.
ECONOMIC UPDATE – MARKET OVERVIEW
When the “officials,” “dignitaries,” “experts” and “authorities” speak... all the little boys and girls who call themselves men and women listen to, believe and do what they are told.
COTTON PRICES TUMBLE
Cotton futures prices have slid 25 percent since late August, reversing the rise in price that followed the U.S. agriculture department’s forecast that 40 percent of this year’s U.S. cotton harvest would be lost to drought.
REFINANCING DEBT COULD ADD $1 TRILLION TO COSTS
Emerging nations and wobbly corporations needing to refinance debt will need to pay interest an average of 1.56 percentage points higher than the current rate for the same securities—a total of $1.01 billion extra, according to Bloomberg’s analysis of bonds owed by current public-and private-sector debtors.
85 PERCENT OF WORLD’S POPULATION WILL LIVE UNDER TOUGHER AUSTERITY MEASURES
Life is going to get a lot harder, a lot faster for the world’s poor as countries, battling sinking economies and soaring food prices, look to tighten their purse strings when it comes to social-work funding.
DRAGFLATION: WAR, SANCTIONS, RATE HIKES WILL CUT WORLD GROWTH
The world economy will grow by 2.2 percent next year, the 37-member Organization for Economic Cooperation and Development (OECD) predicted in an updated forecast. The group trimmed growth forecasts for all so-called G-20 countries (the world’s richest), seeing only Indonesia growing faster than the rest, and then only modestly. China’s economic growth will slow to...
CONGRESS PUSHES FED TO SPEED CREATION OF A DIGITAL DOLLAR
A bipartisan group in the U.S. House of Representatives is pressing the U.S. Federal Reserve to move faster in creating a national digital currency. The group fears leadership in digital currencies by China and private cryptos might threaten the U.S. dollar’s position as the world’s reserve currency, The Wall Street Journal reported. (See “China’s Digital...
ECONOMIC UPDATE – MARKET OVERVIEW
As we note in our review of LAST WEEK in this Trends Journal, July was the best month for the money junky gamblers since November 2020. Beginning in 2020, to fight their COVID War, the U.S. government was in full money dumping mode, ultimately injecting over $6 trillion of fake dollars to pump up the...
BIDEN: IRAN ‘CANNOT GET A NUCLEAR WEAPON’ WILL GO WAR TO STOP THEM.
President Joe Biden on Wednesday reaffirmed the U.S. position that Iran cannot obtain a nuclear weapon during a high-profile meeting with Yair Lapid, the former soap opera star and ad pitchman now playing the role as Israeli Prime Minister. The meeting resulted in the U.S. signing a joint declaration with Israel that both countries would...