As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
As we have noted, China’s current economic decline is mostly self-inflicted.
The nation’s economy boomed at the greatest level in modern history when the U.S. allowed it to join the World Trade Organization some two decades ago. Their economy boomed as western companies gave the cheap labor communist nation all the high-tech intelligence and heavy industry manufacturing skills they never had... to make what they were selling.
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
On 4 August, several Chinese government agencies and the central bank renewed their pledges to instigate bold and more carefully targeted policies to revive the country’s stagnant economy.
During April, May, and June this year, personal bankruptcies increased 23.5 percent and business bankruptcies were up 36.9 percent, year on year, Canada’s Office of the Superintendent of Bankruptcy reported, blaming sharply higher interest rates for the failures.
In the first six months of this year, European equity markets saw the fewest initial public stock offerings—just 34—since 2009 during the Great Recession, according to the Financial Times.
The Bank of England (BoE) raised its base interest rate for the 14th time in as many meetings, setting it at 5.25 percent, its highest in 15 years.
Investors are adjusting their holdings in Europe in light of a growing conviction that the region faces a “painful economic downturn,” the Financial Times reported.
Global food prices will continue to increase even though inflation in many countries is waning, analysts are predicting.
No recession? Everything is fine.
Thanks to the COVID War which locked down much of the globe, the economic landscape has presented an array of challenges that have profoundly affected the business community.