China's real estate debt bubble is bursting: pic.twitter.com/2uIQFms66D
— Hilliard MacBeth CIM FCSI® (@hmacbe) August 9, 2022
*Public Pensions Report Worst Year Since 2009 — WSJ
*Public Pensions' Losses Add to Pressure on Government Finances — WSJ
*Market Losses Slam State and Local Retirement Funds — WSJt.co/yyrAX6v3uU
— *Walter Bloomberg (@DeItaone) August 9, 2022
*UK PLANS FOR POTENTIAL POWER CUTS TO INDUSTRY, HOMES IN JANUARY
— *Walter Bloomberg (@DeItaone) August 9, 2022
inflation expectations are rising along with utiities, energy bills are set to increase
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 9, 2022
Rent + OER ≈ 30% of CPI
Energy ≈ 9% of CPIEnergy related inputs will probably start falling on a YoY basis, but rental inflation will stay elevated for another few quarters at least, providing ongoing core CPI pressures. pic.twitter.com/4lDjxauDd5
— Patrick Saner (@patrick_saner) August 9, 2022
August 2008 was a string of bank failures culminating in Lehman. August 2011 the U.S. sovereign debt fiasco imploded markets. In August 2015 it was EM currency meltdown.
Prepare for the sum total.
China Lehman. pic.twitter.com/Pfp36sRWqd
— Mac10 (@SuburbanDrone) August 9, 2022
And you are surprised at the political anarchy in Pakistan?
This is Italy….Where angry and frustrated people have also risen and revolted against the globalist policies.
All over the world even in Europe they are creating societal and political anarchy…famines, wars & chaos.. pic.twitter.com/Up58ADzz9s— Zaid Hamid (@ZaidZamanHamid) August 9, 2022
Sri Lanka raises electricity prices by 264% effective at midnight…
The loss making Ceylon Electricity Board (CEB) had requested an increase of 800%…
If they thought the protests were bad before, wait till the bills arrive next month. pic.twitter.com/eDB685JgaZ
— Wall Street Silver (@WallStreetSilv) August 9, 2022
As Mexico’s inflation hits 8.15%, families cut back
Top economist Mohamed El-Erian says inflation ‘will be sticky’ and utters the words nobody wants to hear: entrenched and broad-based
Economic Reduction and Inflation Expansion – Everything’s Out of Stock & Nothing is Cheaper: Luongo
“I was into pain reduction and mind expansion, but what I’ve ended up with is pain expansion and mind reduction. Everything hurts now, and nothing makes sense.“ — Carrie Fisher, Postcards from the Edge So, Davos finally got the mini-me version of Build Back Better through a deeply divided Senate over the weekend. It’s a […]
Nouriel Roubini Warns the Era of Stagflation Is Here. Central Banks Are Setting a Debt Trap
Central banks may find themselves in a “debt-trap” as they try to normalize monetary policies, the “Dr. Doom” economist said.
BofA Sees Slower Card Spending as Rent Increases Dent Wallets
Credit-card spending is slowing down as US consumers feel the impact of rising rents and other increased costs, according to Bank of America Corp.
Democrats’ Climate Bill Could Pay Farmers To Not Grow Food
The Senate Democrats’ climate bill could set aside more than $2o billion to incentivize farmers to not grow crops in the interests of environmental conservation and preventing climate change, according to the bill’s text.
Starving Italian Citizens Storm Town Hall Because They Have No Money To Buy Bread