Consolidation is the name of the “Bigs” game. The more they own the more they control... it’s the way of the power hungry world.
Tag: Economy
Post
SPOTLIGHT: CHINA’S ECONOMY STRUGGLES
In November, China's consumer prices fell the fastest since November 2020, dropping 0.5 percent year on year, according to the country’s National Bureau of Statistics (NBS).
Post
SPOTLIGHT: BIGS GETTING BIGGER
Consolidation is the name of the Bigs game. The more they own the more they control... it’s the way of the power hungry world. As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
Post
SPOTLIGHT ON CHINA: ONWARD AND DOWNWARD, CHINA’S ECONOMIC STRUGGLE
Zhongzhi Enterprise Group, one of China’s largest wealth managers, has announced it is bordering on insolvency, with between $58 billion and $64 billion in liabilities, in dollar terms. It has assets of less than $25 million, the company said.
Post
SPOTLIGHT: CHINA’S ECONOMY
China’s economy will end this year with a 5.4-percent growth rate, the International Monetary Fund (IMF) has projected, increasing its outlook for the country from the 5 percent it had foreseen in its October forecast.
Post
SPOTLIGHT: OFFICE BUILDING BUST: WORSE TO COME FOR OFFICE SECTOR
While the Office Building Bust is very old news for Trends Journal subscribers—we had forecast this three years ago—it is now just making it into the mainstream news.
Post
LUXURY CONGLOMERATE RICHEMONT REPORTS DISAPPOINTING SALES
Richemont, the Swiss luxury conglomerate that owns the Cartier, Montblanc, Piaget, and Van Cleef & Arpels brands, among others, reported third-quarter sales that fell below analysts’ expectations.
Post
TOP TREND 2023, MIDDLE EAST MELTDOWN: MIDEAST WAR CUTS INTERNATIONAL TRAVEL
Bookings for international air travel fell 20 percent below 2019 levels in the three weeks following Hamas’s attack on Israel, according to travel data service ForwardKeys.
Post
WEWORK FINALLY GOES BUST
WeWork, the global chain of co-working spaces that was once valued at $47 billion, filed for Chapter 11 bankruptcy protection in the U.S. this month after seeing its stock price plunge by more than 98 percent this year.
Post
GERMAN SHIPPING COMPANY SEES PROFITS TORPEDOED
German container shipping company Hapag-Lloyd reported profits this year through September were almost 80 percent below those of last year over the same period, falling to €3.2 billion.