Players in European swaps markets are increasing their bets that the European Central Bank (ECB) will cut its 4-percent interest rate in March and follow it with as many as five additional cuts in 2024, according to the Financial Times.
Tag: Global Economy
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EUROZONE ECONOMY SHRINKS IN THIRD QUARTER
After reports that the German and French economies—Europe’s two largest—contracted in this year’s third quarter, analysts were not surprised to learn that the Eurozone’s overall GDP shrank by 0.1 percent during the same period, as many analysts had predicted.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
While Washington and The Street keep selling the strong job numbers, as we have detailed and continue to do so, the jobs being created are mostly in low-paying human services and hospitality sectors. Indeed, across the global economic spectrum, from manufacturing, retail, financial etc., they keep shedding jobs.
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GERMANY’S FACTORY OUTPUT SLOWS UNEXPECTEDLY IN OCTOBER
In October, for the fifth consecutive month, Germany’s factories reduced their output. Production fell 0.4 percent below September’s, which fell 1.3 percent from August.
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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.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
From January through August this year, Walmart bought 25 percent of its imported goods from Indian suppliers, compared to 2 percent in 2018.
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OFFICE BUILDING BUST SHOOTS DOWN ANOTHER HIGH FLYER
Sigma Holding, which owns department stores and office buildings in several countries, has declared insolvency in its native Austria, similar to filing for bankruptcy in the U.S.
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TOP TREND 2023, OFFICE BUILDING BUST: FEDERAL OFFICES MOSTLY EMPTY
The federal government spends roughly $2 billion annually to operate office spaces it owns, and $5 billion more to lease others, but up to three-quarters of that square footage is probably empty on a given day, according to a three-week study of 24 federal agencies earlier this year by the Government Accounting Office.
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RUSSIA’S OIL EXPORTS CRIMPED BY CURRENCY CONFLICTS
Since the West imposed sanctions against Russia after it invaded Ukraine, oil exports have been Moscow’s chief source of foreign revenue.