The cost of shipping has added another variable to the complicated global inflation and energy crisis. According to the Baltic Exchange data as reported by Bloomberg, hauling rates have reached a high not seen since April … Read more
ASIA: China’s Premier Li Keqiang said that China’s economy has recovered to some extent, but its foundation is not solid. Speaking to state media he further added that China will strive to drive the economy … Read more
Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation. “We think we are in a … Read more
The Fed is now telling us that it can avoid a recession… or engineer a “soft landing.” It’s a pretty stunning argument… and it raises questions as to whether the Fed actually believes this stuff… … Read more
ASIA: China’s economy showed some improvement in June as Covid restrictions were gradually eased, although the recovery remains muted. Economic activity picked up in June after financial hub Shanghai lifted its lockdown, allowing businesses to restart … Read more
As you probably know, inflation just hit a crazy 40-year high of 8.6%. This means that if you put $1,000 in the bank today… You’ll only have $665 in spending power come 2027. That’s why … Read more
Norway raised its terror alert to the highest level of “extraordinary” Saturday after a gunman in Oslo opened fire in a bar district popular with the LGBTQ community, killing two and leaving more than 20 wounded, AP reports. … Read more
ASIA: A shortage of cash dollars and forward market intervention by the Reserve Bank of India which has pushed onshore 1-year forward premiums to their lowest levels in more than a decade could pressure the … Read more
It’s been an interesting week so far in the world of gold prices and central banks making use of their gold reserves. For those asking if they should buy gold, two events this week provide further arguments … Read more
ASIA: Chinese President Xi Jinping made a rare statement Wednesday about his country’s aims to achieve its economic goals for the year. Investment analysts have cut their forecasts for China’s GDP growth to well below … Read more
