Today, at its core, the world financial system is in crisis. More specifically, liquidity in the system is drying up. What this translates to is this, without world central banks both issuing, and then buying back exponentially more debt the entire system implodes.
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...
Even if the global economy somehow manages to avoid a recession, in 2023 millions of people around the world will suffer as if a recession has taken place, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said in a 21 September Bloomberg interview. “Increased interest rates will bite and we will see the...
By Gregory Mannarino, TradersChoice.net Know THIS right off… Central banks have no interest whatsoever in stopping global inflation from going much higher, NONE! ZERO. The current fairytale being sold to an unknowing public via the mainstream propaganda ministries is this: “central banks are committed to getting global inflation under control.” Well, nothing could POSSIBLY be......