Emerging nations and wobbly corporations needing to refinance debt will need to pay interest an average of 1.56 percentage points higher than the current rate for the same securities—a total of $1.01 billion extra, according to Bloomberg’s analysis of bonds owed by current public-and private-sector debtors.
Dragflation: Economic growth declining and inflation rising... plus the pressure of interest rate hikes that are drying up the cheap money pool are causing companies in many sectors to lay off employees.
Last week, U.S. mortgage interest rates rose to their highest levels since July 2007 during the Great Recession.
You would need to be living under a rock if you are unfamiliar with videos showing people with guns robbing stores, groups of brazen shoplifters entering supermarkets and high end retail outlets exiting with designer bags, Apple computers, jewelry, robbing people in the streets, stealing their cars, etc.
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.
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...
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...
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...
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...