European nations continue to bicker over whether and how to cap the price of natural gas across the 27 nations that make up the European Union (EU).
Tag: Economy
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses. This is week 19.
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THE INSIDE GOVERNMENT GANG WINNING BIG ON INSIDER TRADES
The private, nonprofit Campaign Legal Center (CLC) has filed legal complaints prompted by a recent Wall Street Journal report that thousands of appointees at 50 federal agencies held stock in companies that were affected by their policy decisions.
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INVESTORS SCALE BACK ON BUYING HOMES: WHAT TO EXPECT
Private equity funds poured billions of dollars into the housing market since the COVID era began, buying up tens of thousands of single-family homes in a trend we documented in articles such as “Rents Soar as Investors Buy Properties and Raise Rates” (14 Sep 2021) and “Homes Sales Up as Money Gang Gobbles Up Houses” (23 Nov 2021).
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HOME SALES UP 7.5 PERCENT IN OCTOBER
The number of new U.S. homes sold in October was 7.5 percent greater than in September, the U.S. commerce department reported, reversing an 11-percent slide the month before.
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SPOTLIGHT: BIGS GETTING BIGGER
Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy.
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SPOTLIGHT: INFLATION
Europe’s banks should set aside greater reserves to cover bad loans, regulators should require investment funds to hold more cash to cover a surge in withdrawals, and the European Central Bank (ECB) should not delay in beginning to sell its €5-trillion bond hoard next year, bank vice-president Luis de Guindos said in a statement accompanying the ECB’s semi-annual review of the region’s financial stability.
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OIL PRICES TUMBLE: REAL OR FAKE?
This is the headline on the front page of today’s Wall Street Journal: “OPEC + Weighs Pumping More Oil.”
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CHILE READY TO SLASH INTEREST RATE NEXT YEAR, MARKETS PREDICT
Interest-rate futures markets are betting that Chile’s central bank will chop more than 5 percentage points from its current 11.25-percent rate by the end of next year, according to Bloomberg.
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TREND: BANK OF ISRAEL INCREASES KEY INTEREST RATE LESS THAN EXPECTED
Validating analysts’ our forecasts cited in “Future Rate Hikes Will Be Smaller” in this issue, on 21 November the Bank of Israel (BoI) increased its base interest rate by a half-point, not the three-quarters of a point that analysts had expected.