As we reported back in May 2021, as prices began to rise, Christine Lagarde, president of the European Central Bank, waved away critics’ concerns, saying that inflation in the Eurozone was only temporary and less of a danger than it was in the U.S.
Tag: Economy
Post
TOP TREND 2022, DRAGFLATION: EUROPE’S FACTORY PRODUCTION SLUMPS IN OCTOBER
Industrial production in the 19-country Eurozone moved down 2 percent in October from September, a contraction 25 percent greater than expected by economists Reuters had polled, ending several months during which factory output across the zone remained relatively steady.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 21 of our report of job losses, and with each passing week, the losses grow larger.
Post
PATRIOT MISSILES FOR UKRAINE, STOCKS TUMBLE, WWIII HAS BEGUN
U.S. to provide Ukraine with Patriot missiles
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.