economy

China’s Economy Grows by 5.2% in 2023; Stocks Hit Lowest Valuation Against S&P 500 Since 2010 – Government Warns Against Institutional Stock Sales

BREAKING: China economy grew around 5.2% in 2023: Premier READ: https://t.co/YFpRF9hjFj pic.twitter.com/kC6OyTC4YN — Insider Paper (@TheInsiderPaper) January 16, 2024 Chinese Premier Li Qiang said Tuesday the country’s economy was expected to have grown by around 5.2 percent in 2023, as he addressed an annual meeting of global elites in Davos. The figure would represent an …

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Signs the economy is slipping fast…

by Toddlovessilver This is directly related to observations about the economy, at least in middle Tennessee where I live. Precious metals should see robust influx of investments, as the weaker economy negatively impacts jobs, incomes, disposable income, consumer spending and ultimately personal security… citizens abilities to provide themselves with the basics of food, shelter and …

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China’s REITs at record lows, exports rise amidst deflation; Rate cut expected to support economy.

China REITs plumb record lows as economic gloom lingers SHANGHAI/SINGAPORE, Jan 11 (Reuters) – China’s real estate investment products are tumbling, extending last year’s slump as investors lose hope for a recovery in the economy and property assets such as industrial parks and logistics hubs. Chinese real estate investment trusts (REITs), which issue shares to …

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What the Fed Accomplished: Distorted the Economy, Enriched the Rich and Crushed the Middle Class

Authored by Charles Hugh-Smith via oftwominds, The mainstream holds the Fed is busy planning a return to the glory days of zero interest rates, but ZIRP is on the downside of the S-Curve; it’s done, gone, history. Let’s summarize what the Federal Reserve accomplished since embarking on its massive interventions to control volatility, risk, bond …

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BLOOMBERG: Yellen Declares US Economy Has Achieved Soft Landing; Real wage increases mean American workers ‘getting ahead’

Totally out of touch. Treasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly damaging the labor market. “What we’re seeing now I think we can describe as a soft landing, and my hope is that it will …

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Bidens economy is not good.

by AC Housing is the highest it’s ever been. Homelessness is the highest it’s ever been. The spending power of the dollar is the lowest it’s ever been. Illegal immigration at record highs. Corporate bankruptcy at record highs. How can anyone honestly think Biden’s economy is doing well? As mortgage rates hit 8% for the …

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Oh, what a thriving economy! The top 10% holding 92.5% of equities – the American dream in action!

In case you wonder why media thinks the economy is so good 🫡 https://t.co/0GAKoFrahd — Peter St Onge, Ph.D. (@profstonge) January 2, 2024 The rise of the "Welfare Industrial Complex" Why are GDP and jobs defying slowdown predictions? Because most new jobs — 56% — are disguised government spending. In states like Illinois and New …

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Is the US economy now at risk of deflation?

Inflation has fallen from 9% to 3.1% in just 18 months Is the US economy now at risk of deflation? pic.twitter.com/qMY0kCJi97 — Bravos Research (@bravosresearch) January 2, 2024 The New York Fed's measure of underlying inflation (the "multivariate core trend" rate) ticked down to 2.3% in November from a downwardly revised 2.4% (originally reported as …

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US economy about to tank: 60% of consumers plan to save more this year.

by mark000 Nooooooo! SpendLess = forbidden! You will find more infographics at Statista Should a Subway sandwich cost $18.91 (plus tip)? People are shocked at how much fast food is costing these days. These places are pricing themselves out of their own markets. 🔊 pic.twitter.com/XRfYyn9gqH — Wall Street Mav (@WallStreetMav) January 2, 2024

Every single time this has happened the economy has gone into recession

EVERY SINGLE TIME YoY growth in bank credit turns negative the economy has gone into a recession. Latest reading (Nov): -0.9%. The problem isn’t Mr Powell, but rather Mr Dimon. pic.twitter.com/RHTQbKfCQY — AnilVohra1962 🇬🇧🇨🇦 (@AnilVohra1962) December 30, 2023 If you liked how they hid it in the 70s then you’ll love how they’re hiding it …

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US Fiscal Inferno! US Government Debt Now Bigger Than US Economy, But Unfunded Liabilities (Promises) Are $632k Per Citizen (As California’s Governor Newsom Gives Away Free Healthcare To Illegal Immigrants)

by confoundedinterest17 Yes, the US is engulfed in a fiscal inferno! US government debt is now bigger than the US economy. This was unseen until 2012 when debt surpassed GDP for the first time. In addition to almost $34 trillion in debt from our crazy spending, out-of-control government, we are on the hook for almost $213 TRILLION …

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We almost blew up the global economy in 2007-2009 and are now chronically teetering on a debt crisis.

In a worrisome turn of events, Ethiopia has become the latest casualty in the escalating global debt crisis, defaulting on its financial obligations. Unfortunately, this is just the tip of the iceberg as the consequences of decades-high interest rates continue to reverberate across the world, putting immense pressure on the global economy. Some of the …

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Biden scolds reporter on ‘Bidenomics,’ insists economy is “all good.” Urges reporting in a positive light.

Biden admonished reporters and told them to report the economy is “all good.” “What’s your outlook on the economy next year?” a reporter asked Biden. “All good. Take a look! Start reporting it the right way,” Biden said. WATCH: "What's your outlook on the economy next year?" BIDEN: "All good. Take a look! Start reporting …

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Fed Knows Economy is Headed for Crash Landing and Isn’t Saying; Here Are the Clues – George Gammon

“There is a huge, huge problem that he knows about that he’s not admitting to,” says George Gammon, a macroeconomics expert and host of the Rebel Capitalist Show, in an interview with Daniela Cambone. He explains that the Fed chairman Jerome Powell pushed back on market expectations for aggressive interest rate cuts because he is …

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Soft Landing Is A Lie: Record-high Pessimism As 66% Of Americans View Today’s Economy Worse Than 2008 Crash And 2020 Lockdowns Amid Persistent Inflation.

https://twitter.com/GregCrennan/status/1737172258467254709 Christmas spending increases due to inflation concerns; 24% cite inflation as the reason, while 37% cut expenses, blaming inflation, up from 15% last year. The surge in homelessness, reaching a staggering 653,104 people, unveils a heartbreaking reality in the U.S. Declining assistance packages and a shocking +20% increase in shelter costs since the pandemic …

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The Biggest Spike In Homelessness Ever Recorded Is A Sign That The U.S. Economy Is Plunging Into An Abyss Of Pain And Suffering

by Michael At least things are still good for those at the very top of the food chain.  But for everyone else, economic conditions have already become very painful.  Today, the vast majority of Americans have less money than they did prior to the pandemic, and thanks to raging inflation our standard of living is steadily going down.  We …

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China is pushing on a string in its economy

#recession … #GFC2 China #Property Bubble edition https://t.co/HnqfaqD6lO pic.twitter.com/KV3TML3HTi — Invariant Perspective (@InvariantPersp1) December 17, 2023 #recession … #PBoC Pushing on a String edition https://t.co/cOmr1C85k1 — Invariant Perspective (@InvariantPersp1) December 17, 2023

Amidst soaring debt, inflated assets, and a fragile economy, the impending crisis threatens with dire consequences and limited solutions.

by cervantes__01 ’08 should have been a complete collapse of asset bubbles.. instead of allowing it all to clear out, central banks started inflating the money supply via debt to catch freefalling assets and to re-inflate them to make debtors solvent. They printed far too much for far too long.. more and more debt = …

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Bob Hoye: US & Canadian Emission Standards Economy Killers

NOW — Al Gore Says Social Media Algorithms Disrupt Democracy and Need to be Banned: ‘They are the Digital Equivalent of AR-15’s’ “The shift from an information ecosystem based on print to one based on broadcasting and then moving on to the internet and to social media has… pic.twitter.com/fXiJvtsPSm — Chief Nerd (@TheChiefNerd) December 8, …

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China’s economy at a critical juncture: Q3 growth at 4.9%, Real Estate Market down 81% (2021-2022) and 64% (2023), Shanghai Composite tests 20-year ‘Fate Line.’

China’s economy is teetering at a “critical stage,” expanding a modest 4.9% in Q3, below the five percent target. The aftermath of draconian Covid measures persists despite their removal in 2022. Surprisingly, an economic model reliant on debt-fueled construction faces challenges. Ghost cities, idle airports, and vacant skyscrapers showcase the limitations of this approach. China’s …

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Down the Money Drain Hole We Go! The US central bank is draining money out of the global economy at a faster rate than anytime since the Great Depression.

by DAVID HAGGITH Photo by Eric Muhr on Unsplash   Evidence of a severe recession that has already begun continues to build, and the cause is clear. As you can see in the following graph, money supply fell again in October and its “growth” has, during the Fed’s current quantitative tightening (QT), gone negative, since the end of …

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Moody’s downgrades China’s outlook to negative. China hits back: You don’t understand our economy you stupid cows.

The Moody’s announcement, meanwhile, put a spotlight on China’s debt issues. While the agency retained a long-term rating of A1 on the nation’s sovereign bonds, it cited the usage of fiscal stimulus to support debt-laden local governments and the spiraling property downturn as risks. The pushback from China generally followed a theme: Moody’s just doesn’t …

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Wall Street CEOs at today’s Banking hearing claimed that the sky was falling again with incomplete and misleading testimony.

via bettermarkets: Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets issued the following statement in response to the testimony of Wall Street’s CEOs today before the Senate Banking Committee. “Wall Street’s CEOs testified before the Senate Banking Committee today as if they were the chief employment and economic growth officers for the United States …

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The Ukraine War Was Great for Russian Economy

by Chris Black The Russian economy is doing great by any measure, and if you compare it to what is happening in the West, it is like the ultimate dragon from the best manga farting on a crippled raccoon. The media doesn’t like to report it. Sanctions didn’t work. lol. New York Post: Russia’s richest …

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