Independent thinking for complex markets and current events
Jamie Dimon typically pays close attention to the workings of financial markets and the Federal Reserve, but today his most important concern is geopolitics. The economic outlook “is teeny compared to the geopolitical situation we face,” he told an audience Thursday at the Institute of International Finance’s annual meeting in Washington, D.C. He lamented the …
Recent economic updates from the U.S. paint a bleak picture, stirring deep unease among investors. The latest indicators, including the sharp decline in the Bloomberg Economic Surprise Index, signal a worrisome underperformance reminiscent of the tumultuous trends observed in 2019. This downturn in economic sentiment comes at a precarious moment, with all eyes fixed on …
Discussions on the use of frozen Russian assets to help Ukraine are still ongoing. A collective decision will be announced at the G7 summit, says Denys Maliuska, Minister of Justice of Ukraine. “The US has taken the first important step. They have decided to authorize the US administration to confiscate Russian assets. In full, not …
The government’s projection of the fiscal deficit carries a sobering implication: it foresees the Federal debt doubling within a mere 12 years. The government's own estimate of the fiscal deficit implies that the Federal debt will double in 12 years. What is even more ludicrous: This projection does not assume any recessions or the scenario …
Robert Kennedy Jr calls on every American to join the anti-war movement: "These warmongers inside U.S. leadership draw up war games and scenarios and pretend that a nuclear war is winnable." pic.twitter.com/usYz5dsCUg — Citizen Free Press (@CitizenFreePres) June 21, 2023 https://twitter.com/sahouraxo/status/1671165877717471232 It’s afraid pic.twitter.com/hjf7VMFqBe — Clown World Today (@cwt_news) June 20, 2023