Creating a digital version of the U.S. dollar will take years, treasury secretary Janet Yellin said in a 7 April speech at American University, although China and some other countries already have fielded digital versions of their currencies, as we reported in “China Goes Full Digital Yuan in Beijing” (29 Jun 2021) and “Canada Forging...
Tag: april 12 2022
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U.S. SERVICE ECONOMY UP, MANUFACTURING DOWN
The Institute for Supply Management’s (ISM’s) purchasing managers’ index (PMI) for the U.S. service sector rose to 58.3% this month from 56.5% in March, after three consecutive months of declines. Readings above 50.1% indicate growth; higher numbers signal stronger activity. The index’s employment measure jumped from 48.5 last month to 54.0 now, indicating that service...
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INVENTORY COSTS, SUPPLY CHAIN PRESSURES STILL RISING
The monthly Logistics Managers Survey, compiled by five U.S. universities, rose from 75.2 in February to 76.2 in March. The survey samples conditions related to managing stock inventories, warehousing, and transportation. Ratings above 50 indicate business momentum; the higher the number, the stronger the activity. The amount of inventory in warehouses dropped from February’s rating...
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U.S. LOSES TRADE WAR: FEBRUARY TRADE DEFICIT NEAR RECORD
Just as America has lost every major war it started—from Korean War, to Vietnam War, from Afghan War to Iraq War—so too has the great world power, “We’re #1, “The Exceptionals” lost the Trump Trade war that he loudly launched against China when he won the 2016 Presidential Reality Show® U.S. election. The U.S. trade...
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IS THE NEW YORK FED GAMING THE U.S. STOCK MARKET?
Stock index values on opening have bounced up and down recently, changing direction dramatically within an hour but without any news to spark the changes, according to Pam Martens, editor of Wall Street on Parade. For example, on 30 March, the Dow Jones Industrial Average opened trading at about 35,230. Within 30 minutes, it rose...
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BANKSTER BULLISH ON FED RATE HIKES
The Fed is lagging in its mission to tamp down an “exceptionally high” rate of inflation and is likely to take more aggressive action at its next meeting, James Bullard, president of the Federal Reserve Bank of St. Louis, told a group of reporters on 7 April. Bullard, a voting member of the U.S. Federal...
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GOLD TAKES IN RECORD $11.3 BILLION IN MARCH
Last month, gold exchange-traded products (ETPs) took in a record $11.3 billion, according to Blackrock, as investors fled European equities while Russia’s Ukraine war raged on (see related story in this issue). Investments grew fivefold from February’s amount, eclipsing July 2020’s record monthly inflow of $9.4 billion. The surge drove gold’s price to $1,947 on...
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SEARCHING FOR WAR CRIMINALS
They are nearer than you think By Philip Giraldi The United States is now insisting that Russian President Vladimir Putin should be put on trial for “war crimes” committed in Ukraine. As Putin is still insisting that he will attend the upcoming G20 summit in November on the island of Bali, Indonesia, it will be...
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ABOUT 99 PERCENT OF PEOPLE BREATHE IN POLLUTED AIR THAT CAN IMPACT THEIR HEALTH
About 99 percent of the world’s population lives in an area where air quality could reach levels of pollution that may be harmful to their health, the World Health Organization said. Maria Neira, the director of environment at the WHO, called it “unacceptable” that there are seven million “preventable deaths and countless preventable lost years...
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ISRAEL LAUNCHES AIR ATTACK AGAINST SYRIA
The Syrian Observatory for Human Rights announced Saturday that Israel launched new air raids near Masyaf city in Hama province—at a location where Iran’s Revolutionary Guards and Hezbollah have established a presence. “There are warehouses, research centers for upgrading missiles and drones. However, no casualties have been reported yet,” the monitoring group said in a...