Inflation across the 19-country Eurozone reached 10 percent last month, it’s 11th consecutive month of increases and the first to reach double digits.
Tag: Economy
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KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED
Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...
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MORTGAGES IN U.S. HIT HIGHEST LEVEL SINCE THE 2008 FINANCIAL CRISIS
The average mortgage rate on a 30-year fixed mortgage hit 6.7 percent, according to a survey released Thursday by the mortgage giant Freddie Mac. “The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” a statement read. “Our survey indicates that the range of weekly rate quotes for the 30-year fixed-rate mortgage has...
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WATCH: GERALD CELENTE ANNOUNCES LATEST ISSUE: THE FUTURE DOES NOT LIKE YOU
And now the Ukraine War. The masses have no idea why it started, who is responsible for it and what’s next. Instead, they swallow the bullshit being fed to them by politicians and Presstitutes–cowardly media whores who get paid to put out by the government pimps and corporate whore masters. Dragflation While we had forecast that inflation was rising...
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ONLY IN TURKEY: INFLATION RISES, INTEREST RATES FALL
Despite inflation edging above 80 percent in August, Turkey’s central bank cut its benchmark one-week repo rate last week from 13 percent to 12. The country’s lira currency took yet another step down after the announcement, to 18.387 against the dollar. The lira has lost almost a third its value against the greenback so far...
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NEW U.K. STIMULUS PLAN POUNDS DOWN POUND
To revive the British economy and snatch it from the brink of recession, newly appointed Prime Minister Liz Truss’s new government proposed the sharpest tax cuts in 50 years and pledged to cap household utility bills. In August, inflation in the U.K. ran at almost 9.9 percent. The Bank of England has raised its key...
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THE ELITE BLUEPRINT FOR THE FUTURE
“Clean” Energy isn’t clean. The emissions and impacts on the environment of making EVs, wind turbines and solar panels and associated equipment is an enormous cost often hidden by tallies of the supposed benefits of these technologies. They can’t scale to provide equivalent amounts of energy as current systems, even with enormous expenditures and environmental......
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CAN INNOVATION OUTPACE GREED, WAR AND CORRUPTION?
Yes, the prognosis continues to look bleaker. The modern story of monetary manipulation by the government via the Fed, marked by spending increasingly unmoored from GDP, is known to TJ readers. The problem has fomented successive bubbles, from dot.com, to real estate, to derivatives. At the moment, the dollar itself is the bubble, as world...
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WARMONGERS INC: WHILE 61 PERCENT OF AMERICANS LIVE PAYCHECK TO PAYCHECK, CONGRESS SEND $13.6 BILLION FOR UKRAINE WAR
No matter how divided Washington gets, as proven by its steady stream of wars across the globe since the end of WWII, the one thing U.S. politicians can agree on is military spending and funding proxy wars across the world. Congress on Wednesday passed a $1.5 trillion spending package that will include $13.6 billion for...
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