As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
This is week 46 of job cuts. And get ready for a bad situation to get much worse. The higher the U.S. and EU raise interest rates the deeper economies will decline and the higher the unemployment numbers will rise.
Pacific Investment Management Co. (Pimco), the largest U.S. active bond fund manager, believes markets are far too optimistic about the U.S. Federal Reserve’s and European Central Bank’s ability to bring inflation to heel without causing a recession.
The number of business and personal Chapter 11 bankruptcies shot up to 2,973 during this year’s first five months, a 68-percent increase from the 1,766 in the same period in 2022, data service Epiq Bankruptcy reported on 3 July.
In June, wages were 4.4 percent higher than a year earlier and unemployment edged down to 3.6 percent from 3.7 percent in May.
All 11 voting members of the U.S. Federal Reserve’s Open Market Committee agreed to defer an interest rate increase in June’s meeting, the session's newly-released minutes show.
“A riddle wrapped up in an enigma” is a shortened form of a quotation made in October 1939, just one month after the Second World War had begun, by Sir Winston Churchill in a radio broadcast to the British people. At the time, Churchill was First Lord of the Admiralty. The full comment was “I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma…”
We recently probed Google’s Bard AI concerning the Russia-Ukraine war, and found that it displayed strong opinions about it.
Just in time for July 4th, a Federal court judge in the Missouri vs. Biden court case issued a pro First Amendment ruling.
Always use two-step verification, and never give either verification codes or passwords to anyone, even someone claiming to be a Coinbase employee.