The U.S. trade deficit expanded 6.7 percent in June from May to a record $75.75 billion, the U.S. commerce department reported, as a resurgent economy boosted demand for foreign-made goods while some sectors of the American economy have yet to return to pre-crisis strength. (See “Trade War? U.S. Lost It,” Trends Journal, 9 February, 2021.)...
Tag: aug 10 2021
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CRISIS RECOVERY BOOSTS PRIVATE EQUITY SHARE VALUES
Including dividends, the share value of private equity firm Blackstone has tripled since 1 April 2020, the date on which the economic recovery began, according to The Wall Street Journal. The firm’s $140-billion treasure chest now exceeds that of Goldman Sachs and rival Blackrock. KKR’s stock has done slightly better than Blackstone’s, the WSJ noted....
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BLACKROCK AND WELLS FARGO DELAY RETURN TO THE OFFICE
Blackrock and Wells Fargo, two major financial companies, announced Thursday that they will delay their plans to have employees return to the office for about a month. The companies moved back their September returns to October, citing the spread of the COVID-19 Delta variant. “Today, given rising COVID-19 case rates around the US, we are...
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WILL FED LIFT RATES EARLY IN 2023?
Due, in large measure, to this year’s significant federal stimulus spending, the U.S. economic recovery is progressing well enough that the Federal Reserve should be able to consider raising its key interest rate from near zero early in 2023, Richard Clarida, Fed vice-chair, said in a 4 August speech. Current projections for employment and inflation...
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IMPOSSIBLE MEAT, POSSIBLE SIDE EFFECTS?
Well, they did describe it as impossible. A study of so-called “Impossible Meat” commissioned by the company that engineered it reported negative effects in animals, after only a short time frame of consumption. Impossible Foods, a California-based company that utilizes genetically modified components, has succeeded in getting Impossible Burger products approved for sale in many...
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INDIA’S ONLINE-LEARNING AN INVESTMENT WINDFALL, SOLIDIFYING ‘INTERACTIVE U’ FORECAST IN TRENDS JOURNAL
Gerald Celente, who had forecast “Interactive U” online learning in his bestselling book, Trends 2000 25 years ago, accurately noted that it would become a significant new learning model of the 21st century. Relative to India’s online investment, Celente laid out the framework of how he envisioned education would evolve in the next century in...
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ISRAEL BLAMES ROCKET ATTACK ON HEZBOLLAH, RESPONDS
Israel said it responded to a missile attack by Hezbollah in southern Lebanon last week, but the group has distanced itself from the initial aggression and blamed Tel Aviv of essentially looking for a fight. The Wall Street Journal reported that Israel’s military said it targeted areas in the southern region of Lebanon. The Journal reported that three...
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U.S. GENERAL DECLARES U.S. “READY” TO DEFEND TAIWAN IF CHINA INVADES
How low can you go? How stupid can you be? AntiWar.com reported on Thursday that Adm. John Aquilino, the head of the U.S. Indo-Pacific Command, told the Aspen Security Forum in Colorado that the U.S. military is the “greatest military on the planet” and prepared for any Chinese aggression. “We are here to continue to operate...
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WASHINGTON’S TERRORIST FRIENDS: PROMINENT AMERICANS CONTINUE TO SUPPORT A MURDEROUS CULT
By Philip Giraldi MEK is a curious hybrid creature that pretends to be an alternative government option for Iran even though it is despised by nearly all Iranians. One might ask if Washington’s obsession with terrorism includes supporting radical armed groups as long as they are politically useful in attacking countries that the US regards...
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ANTHONY FAUCI’S UNSCIENTIFIC MANIFESTO
By Richard Gale and Gary Null, PhD “Formerly, when religion was strong and science weak, men mistook magic for medicine; now, when science is strong and religion is weak, men mistake medicine for magic.” Thomas Szasz, The Second Sin, 1973 For those who have managed to hold onto a thread of sanity amidst our government’s...