Independent thinking for complex markets and current events
Germany is calling for more immigrants to fix its shrinking economy. The German government has slashed its economic forecast for 2023, warning that output is expected to shrink by 0.4%. This would make Germany the worst-performing major economy this year, according to the IMF. One of the biggest challenges facing the German economy is a …
America’s economy could be thrown into turmoil by the war between Israel and Hamas, analysts have said – warning that the dollar could be impacted and oil prices swiftly affected. The conflict may lead to higher inflation in the United States, which would be a significant problem for President Joe Biden going in to the …
by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …
It seems like the global economy is in a tough spot. There are a lot of problems, like conflicts and debts, and it’s affecting how things are going. People aren’t feeling too confident about it, especially in developed countries where things might even get worse. Well, folks, it’s no secret that our debt situation is …
by Chris Black This is basically what a Talmudic global economy will look like if the ‘globalists’ have their way with us. It’s quite inexplicable how this sh*t is still chugging along. Truth be told, 99% of doomsday predictions by economists end up being bullsh*t, but this time seems different. https://twitter.com/livemint/status/1708719710798540868
https://twitter.com/NorthmanTrader/status/1708913178703229144 h/t Simian_Stacker
by Chris Black Bonds, Bullion, & Black Gold Battered As Hawkish FedSpeak & Inflation Fears Lift The Dollar https://t.co/x8LjjhPw6a — zerohedge (@zerohedge) October 2, 2023 You can’t fix structural problems with a fresh coat of paint and saying everything looks good. The Fed broke everything in 2009. They managed to blow the biggest bubble of …
Authored by Charles Hugh Smith via OfTwoMinds blog, Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated from 2009 to the present. Longtime readers know I’ve covered America’s soaring wealth and income inequality for many years, and so I read economist Noah Smith’s …
Yoshitaka Shindo, who assumed the cabinet post earlier this month, said that because China accounts for nearly a fifth of Japan’s exports, the Chinese economic troubles could cause Japan’s economy to move a notch downward. Potentially, “the impact is really big” given China’s central role in the global economy, Shindo said in a group interview …
via discern.tv (Zero Hedge)—As Peter Schiff explained in his podcast, that’s a big problem when the entire economy is built on a foundation of cheap money. But most people in the mainstream don’t seem to grasp the gravity of the situation. They don’t realize that we are at the beginning of the end of this whole …
by Michael During the summer, many of the experts repeatedly assured us that the U.S. economy would be able to avoid a recession, but now reality is setting in. Credit conditions continue to tighten, home sales are falling, credit card losses are exploding, stores are closing all over the country, and the number of bankruptcies …
EZ real M3 money supply currently contracting at 6.5% Y-o-Y pic.twitter.com/ejcRou8IgZ — Longview Economics (@Lvieweconomics) September 27, 2023 Similarly, French consumer confidence also falls slightly below expectations pic.twitter.com/zhU8Q5v6oY — Longview Economics (@Lvieweconomics) September 27, 2023 Consumer confidence in Germany dips further once again, falling below expectations… pic.twitter.com/Ge1rfrCo1k — Longview Economics (@Lvieweconomics) September 27, 2023
Banks: Chart updated through June 30, 2023 pic.twitter.com/cM4JIsVhZn — John P. Hussman, Ph.D. (@hussmanjp) September 26, 2023 that is correct ✅ pic.twitter.com/or4jtiXa5X — John P. Hussman, Ph.D. (@hussmanjp) September 26, 2023 The media is setting up a “Perfect Storm” scenario to cover the looming economic crisis caused by the Fed
Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic. https://apolloacademy.com/bankruptcies-rising/ His source appears to be this and it only refers to companies with over $50 million in liabilities. So the y-axis is the number of companies filing for bankruptcy, so a peak of an average of …
via wnd: Joe Biden’s Treasury secretary, Janet Yellen, has had some startling things to say about the economy. “I don’t see any signs that the economy is at risk of a downturn,” she claimed on social media. “And this is the best of all worlds.” JANET YELLEN: "I don’t see any signs that the economy …
by Pristine_Humor5895 Considering the scale, I don’t see how this wouldn’t impact the global economy. Are we looking at a GFC 2.0? Huge realtor files for bankruptcy with $335billion in unpaid bills after defaulting on debts BANKRUPTCY has been declared by a huge property developer run out of Eastern Asia. The Evergrande filed for …
by Chris Black One trillion euros is a lot of money, but there’s never too big of a cost to save democracy or whatever. Germany has become the European California. Germany Passes Controversial 'Green' Heating Law Estimated To Cost Economy €1 Trillion https://t.co/lZchbIyMLL — zerohedge (@zerohedge) September 12, 2023 All by design. The EU released …
I thought you might be interested in this. @Michael_Yon has been all around for years. https://t.co/4Bfz3lSakn — DeeStonk (@DeeStonk) September 12, 2023 According to Apollo, China's real estate market is now in recession territory. The China real estate climate index just hit its lowest levels since 2008. Meanwhile, Evergrande just declared Chapter 15 bankruptcy and …
🇩🇪 𝗪𝗔𝗩𝗘 𝗢𝗙 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡𝗦 𝗜𝗡 𝗚𝗘𝗥𝗠𝗔𝗡 𝗥𝗘𝗦𝗜𝗗𝗘𝗡𝗧𝗜𝗔𝗟 𝗖𝗢𝗡𝗦𝗧𝗥𝗨𝗖𝗧𝗜𝗢𝗡 𝗥𝗘𝗔𝗖𝗛𝗘𝗦 𝗡𝗘𝗪 𝗛𝗜𝗚𝗛. The crisis facing Germany's residential construction sector, triggered by high credit and material costs, intensified in August, with… pic.twitter.com/ap7n0437hb — PiQ (@PiQSuite) September 12, 2023 GERMAN BUILDERS WARN OF CRISIS AS THEY SCRAP RECORD NUMBER OF PROJECTS – FT https://t.co/QJHqAIEsRi — FinancialJuice (@financialjuice) September …
An eye-popping 61% of Americans think that President Joe Biden was involved with his son Hunter’s corrupt business dealings, while nearly 60% said the president’s policies are making the economy worse. The tsunami of scandals and public missteps swamping the vacationeer-in-chief has eroded his public standing across all demographics and crossed partisan lines, according to …
New York CNN — Walmart, America’s largest private employer, is paying some new hires less than it would have earlier in the year in a sign of a cooling labor market. Walmart reduced starting pay by about $1 for new hires who prepare online orders for curbside pickup or delivery to customers’ homes, and those …
China’s downturn leaves Japan with little external support China risks likely to be debated at BOJ’s Sept meeting Govt’s Aug report warned of concern over China Darkening global outlook cast shadow over BOJ exit path TOKYO, Sept 7 (Reuters) – Policymakers in Tokyo believe China’s deepening economic woes could hit Japan’s fragile recovery, especially if …
This proves undeniably that France is willfully and wickedly suppressing our economies. See, they buy our natural resources, gold, oil, natural gas, bauxite, manganese, diamond, you name it, with the CFA franc that they themselves are printing for 14 countries. So, it means that… — Sy Marcus Herve Traore (@marcus_herve) September 5, 2023
by confoundedinterest17 You know Bidenomics isn’t working at all when the best I can say about it is … the current housing bubble isn’t as bad as the house price bubble of 2006. We are truly in Biden’s ShamWow economy! Yes, if I look at real home prices less real median earnings we can see that …
by DesmondMilesDant The data in this graph is alarming. It shows that the US government’s interest payments on the federal debt are increasing as a share of the nation’s economy. This is unsustainable and will eventually lead to a fiscal crisis. The Debt Problem in America Is Only Getting Bigger The US is facing a grave …
via CNN: Hong Kong/London CNN — Country Garden warned Wednesday that it could default on its vast debts as it reported a loss of 51.5 billion yuan ($7 billion) for the first six months of the year. The company, which was China’s largest residential developer last year, said it had been caught off guard by …
“US ECONOMY EXPANDS 2.1% IN Q2, LESS THAN ADVANCE ESTIMATE”: This means that the U.S. economy’s Gross Domestic Product (GDP) grew at an annualized rate of 2.1% during the second quarter (Q2) of the year. However, this growth rate was lower than what was initially estimated in the advance estimate. Ok? “US 2Q CORE PCE …
.. with mortgage approvals being weaker than expected pic.twitter.com/9zKyHz017D — Longview Economics (@Lvieweconomics) August 30, 2023 This is bullish right? https://t.co/95DLsh0TDx — Financelot (@FinanceLancelot) August 30, 2023
https://www.wsj.com/world/europe/germany-is-losing-its-mojo-finding-it-again-wont-be-easy-c4b46761 Germany Is Losing Its Mojo. Finding It Again Won’t Be Easy. BERLIN—Two decades ago, Germany revived its moribund economy and became a manufacturing powerhouse of an era of globalization. Times changed. Germany didn’t keep up. Now Europe’s biggest economy has to reinvent itself again. But its fractured political class is struggling to find answers …
