Just this past week we heard from World Control, AKA, The Federal Reserve, who made it VERY clear to the market that rate cuts/more easy money is coming. With that, the MMRI has CRATERED, falling from a Red Zone/Extreme Risk high of 309.2 to an Amber Zone/High Risk 294.3.
Forty-one percent of Americans responding to an April Gallup poll said inflation or the high cost of living is their main economic concern. The number has risen for three years running, from 32 percent in 2022 to 35 percent in 2023.
The U.S. economy grew by 1.6 percent in this year’s first quarter, adjusted for inflation, the commerce department reported.
LVMH, the luxury house that owns Louis Vuitton fashion, Moët & Chandon champagne, and other high-ticket brands, posted first-quarter revenue of $21.97 billion, 2 percent below the same period in 2023.
On 31 March, the Justice and Development Party (AKP) led by Turkey’s President Recep Erdogan was drubbed in municipal elections, suffering what Bloomberg called “an unprecedented defeat.”
In 22 states and Washington D.C., potential home buyers need a six-figure income to afford a median-priced home, Bankrate.com has calculated.
Activity in Germany’s export-dependent manufacturing sector fell again this month, sliding more than expected.
The world economy is not just grinding to a halt, it’s essentially dead. With that, global debt is surging higher at its fastest pace on record.
The Eurozone’s annual rate of wage increases rose to 4.7 percent in 2023’s third quarter, the fastest pace in the common currency’s 25-year history, the Financial Times reported.
Argentina’s 2023 inflation rate was 211.4 percent, Bloomberg reported, beating Venezuela’s 193 percent for the year’s worst price spike.