Month: November 2022

Liquidity Crisis + Recession + Unrest – Will 2023 Be Worse Than 2008? | Jim Rickards

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The global economy is stumbling. And not just for financial reasons like the increasing cost of debt. Supply chains remain compromised. We are still having material challenges in both producing and distributing real physical goods across oceans and continents. This is such a serious threat to global prosperity that best-selling author James Rickards has made … Read more

ECB’S LAGARDE: RECESSION WOULDN’T BE ENOUGH TO TAME INFLATION… ECB’S KAZAKS: EURO-AREA RECESSION IS BASELINE SCENARIO

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*ECB'S KAZAKS: EURO-AREA RECESSION IS BASELINE SCENARIO<- first time an ECB GC member says that the recession is baseline Followed up by… *ECB'S KAZAKS: INTEREST RATES WILL NEED TO RISE MUCH HIGHER It doesn't get much more hawkish than this — Piet Haines Christiansen (@pietphc) November 3, 2022 Live news: Lagarde warns eurozone ‘mild recession’ … Read more

If you’re a Democrat and you’re wondering why you lost on November 8th – just know that 29 million Americans say they can’t pay their energy bills now and Nearly 40% of small businesses in the US failed to pay rent in October

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Winter energy woes hit early: 29M US households ALREADY cannot pay bills and families are buying fewer groceries to keep the lights on — study says cold weather and rising costs will deepen the crisis 23 percent of households could not wholly pay an energy bill this past year  34 percent skipped groceries or other … Read more

US Productivity Declines For 3rd Straight Quarter While Unit Labor Costs Rose 7.60% YoY, Fastest Since 1982

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by confoundedinterest17 Alarm! Even Joe Biden’s hate speech towards Republicans can’t mask the horrid inflation on his watch. As if Biden watches anything other than ice cream cones. On a YoY basis, US Productivity is down for the 3rd straight quarter (and 4th quarter of the last 5). On the mirror image of productivity, unit labor costs rose … Read more

FED chair Jerome Powell said “…it is very premature to think about or talk about pausing rate hikes…we have a long way to go…”

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Fed chair Jerome Powell said “…it is very premature to think about or talk about pausing rate hikes…we have a long way to go…we need on going rate hikes to get to the level of sufficiently restrictive…we don’t really know where that is…” There has been so many posts and articles about Fed’s “pivot” and … Read more