The Federal Reserve (Fed) cut interest rates by 25 basis points to a range of 4.25% to 4.50%, confirming forecasts. At the same time, central bankers now predict that the central bank will proceed with only two 25 basis point interest rate cuts in 2025. As the Monetary Policy Committee (FOMC) stated in its decision, …
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Trust Economics: The “forecasts” for 2025 – Where should investors focus?
According to Trust Economics, there is a shift to a multipolar world, with prudent fiscal policies and higher interest rates than in the previous decade. The post-Global Financial Crisis environment of tight fiscal policy, zero interest rates and free global trade did not work to the benefit of the average citizen in the West, leading …
China is turning its economy into a war economy to achieve global domination
Drones have already become a primary weapon, capable of taking out soldiers and tanks, as well as helping to spot artillery fire and provide a standard method of battlefield reconnaissance. Electronic warfare — the use of EM signals to disrupt drones’ communication with their pilots and GPS satellites — provides some protection against drones for …
High borrowing costs are biting Russian businesses
US restrictions imposed in June to undermine the Kremlin have put local banks in countries that trade with Russia at higher risk of so-called secondary sanctions, increasingly delaying or disrupting payments to and from places like China and Turkey. This makes it difficult, and sometimes impossible, to execute transactions, particularly with China, Russia’s most important …
Bitcoin surpasses $100,000
Bitcoin not only broke but also significantly surpassed the long-awaited milestone of $100,000 in the early hours of Thursday, December 5, reaching $103,844.05, now recording a jump of more than 140% in 2024 and 48% since the US election. The jump was triggered by Donald Trump’s announcement that he plans to appoint cryptocurrency “friend” Paul …
Tariffs, the destructive currency war between China and the US and the “strong dollar”
Beijing has a powerful tool to respond to President-elect Donald Trump’s threatened new tariffs on Chinese goods: it could launch a currency war, a step that carries dire risks for both China and the United States — and certainly for the global economy. Depreciating the value of China’s currency, the yuan, against the dollar would …
The falsely called “primary surplus” of the Greek Government’s budget is a statistical trick
In the new budget submitted to Parliament, the deficit increases from 5.7 billion in 2024 to 5.9 billion in 2025. If all public bodies, legal entities, hospitals, social security funds (SSFs) and municipalities are included, some of which obviously have a surplus, then the deficit of the so-called General Government is limited to 1.4 billion …
EU will suffer a loss of 260 billion from Trump tariffs – Markets crash from -15% to -20%
If Donald Trump follows through on his promises and imposes tariffs on European goods imported into the US, then the continent will truly be plunged into a deep recession. Donald Trump’s victory could hurt Europe’s economy, as the proposed 10% US tariffs risk hitting European exports such as cars and chemicals, eroding Europe’s GDP by …
2025 will be a year of shock and awe because of Ukraine – Stocks, bonds and real estate
The geopolitical situation is more precarious than ever in world history due to the crises in Ukraine and the Middle East. The “deep state” in the US, the neocons led by Biden, are doing everything they can to provoke World War III, provoking Russia with missiles from the US and the UK launched deep into …
The dollar is not money but credit – The Ponzi scheme and the road to collapse
With widening budget deficits, rising debt, and interest payments that can only be serviced by issuing a currency of decreasing value, the dollar can only be described as an elaborate Ponzi scheme at the nation-state level. Dollars are backed by debt, which requires infinite economic growth to service – it is a credit-based currency. Without …