The coronavirus that hit the Chinese city Wuhan in late December has taken the lives of 490 and infected 24,324 throughout the nation. The World Health Organization (WHO) reports that outside of China there are 191 cases in 25 countries. In response, all Chinese cities with over 57 million residents in the surrounding province have...
Tag: 2066
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TOO MUCH OIL, NOT ENOUGH DEMAND
After climbing to almost $70 a barrel earlier this month, Brent Crude, now selling at around $56 per barrel, is down some 17 percent, in part, as global trading markets reacted to the spread of the coronavirus. China, the center of the viral outbreak, is the world’s second-largest oil consumer and is expected to see...
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IMPEACHMENT STUPIDITY
On 24 September 2019, when it was announced House Speaker Nancy Pelosi initiated the impeachment process against President Donald Trump, Gerald Celente was asked by Daniela Cambone, Editor-in-Chief of Kitco News, how it would unfold. Celente said impeachment “could possibly happen, but it won’t mean anything because if they impeach Trump then it has to...
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INDIA: ECONOMIC DANGER AHEAD
India has suffered six consecutive quarters of slowing economic growth and disappearing jobs, causing layoffs, reduced household incomes, and, as we have noted in our Geopolitical section, rising public unrest. The economy grew by 4.8 percent in 2019, far below the 6.8-percent pace of 2018. Inflation accelerated and businesses all but stopped investing. And, among economists, there are...
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MEXICO: ECONOMY SHRINKS IN 2019
Mexico’s economy contracted by 0.3 percent in the final three months of 2019 compared to the same period in 2018. The contraction, the first in 10 years, occurred during the inaugural year in office of leftist president Andrés Manuel López Obrador. The number concerned analysts, many of whom expected a less severe shrinkage. The country’s...
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BRITAIN: BUSINESSES ON THE BRINK
Nearly 500,000 British businesses are teetering on the edge of financial collapse, according to Begbies Traynor, a firm that helps companies restructure to deal with insolvency. The number reached 494,000 in 2019’s fourth quarter, compared to 481,000 in the last three months of 2018. The number of British businesses in “significant distress” has risen 81...