Oil – the closest thing left to a free un-rigged market – is signaling an extremely weak global economy
Source: @SuburbanDrone h/t Simian_Stacker
signaling
Bidenomics! Industrial Production Unexpectedly Heads Lower In May, Still Signaling Stagnation (Joe’s Pacific Coast To Indian Ocean Railroad Hasn’t Kicked In Yet)
by confoundedinterest17 I wonder if Biden’s proposed railroad from the Pacific to the Indian Ocean will generate massive industrial production growth? Is this more Bidenomics?? Industrial production unexpectedly dips in May. It peaked eight months ago. On a year-over-year basis, May’s Industrial Production declined to a lame 0.23%. As The Fed hikes rates and slows …
The eurozone has entered a technical recession, signaling a loss of growth momentum.
The eurozone contracted for two consecutive quarters, data out Thursday shows, meaning it has entered a technical recession, signaling a loss of growth momentum in the single currency area buffeted by energy shocks, war, inflation, and monetary tightening. Eurozone GDP fell by 0.1 percent over the first three months of 2023 compared with the previous …
China increased its gold reserves, signaling strong demand from central banks.
China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks. China raised its gold holdings by about 16 tons …