U.S. to provide Ukraine with Patriot missiles
Tag: Economy
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SPOTLIGHT: BIGS GETTING BIGGER
As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply.
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SPOTLIGHT: CHINA
In November, the volume of goods China shipped abroad fell 8.7 percent from a year earlier, the steepest annual drop since February 2020 when international COVID lockdowns were slamming the world’s economy shut, The Wall Street Journal reported.
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SPOTLIGHT: WILL THE $60 PRICE CAP ON RUSSIA’S OIL EXPORTS MAKE A DIFFERENCE?
Russia will sell no oil to countries that support the G7 and European Union’s $60-per-barrel cap on Russia’s oil exports and “we will possibly think about a cut in production,” Russian president Vladimir Putin said in a public statement.
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TICK, TICK, TICK: THE DEBT BOMB’S TIMER IS COUNTING DOWN
Sixty-nine of the world’s poorest nations have $62 billion coming due this year in foreign debt payments, 35 percent more than during last year, the World Bank reported.
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SPOTLIGHT: BIGS GET BIGGER
As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply.
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SPOTLIGHT: CHINA STRUGGLES TO RIGHT ITS ECONOMY
China’s economic activity in construction, manufacturing, and services slowed more than expected in November, hobbled by continuing, widespread anti-COVID lockdowns, an unresolved financial crisis in the real estate sector, and fewer orders for the country’s factory output.
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EUROZONE INFLATION TICKS DOWN IN NOVEMBER
In November, inflation across the 19-country Eurozone fell for the first time in 17 months, dropping to 10 percent from a record 10.7 percent in October as prices for energy and services slowed their rate of increase.
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GASOLINE PRICES FALL AS DEMAND WEAKENS
On 2 December, the U.S. average price of a gallon of regular unleaded gasoline was $3.43, data service OPIS reported, almost a third less than highs of $5 or more reached in June.