Electricity at 33.3% and natural gas at 31.2% made up almost two-thirds (64.5%) of the final energy consumption of the EU industrial sector in 2022, according to data from to the public the European statistical agency Eurostat. The industry sector in the EU continues to rely heavily on fossil fuels, which accounted for just over …
The BRICS prepare a Central Bank and buy gold to support the common currency
China, backed by Russia and South Africa, is planning the final assault on the still-strong dollar by introducing a new currency, to be issued by a BRICS central bank that will combine the strengths of the respective currencies of the five largest economies join the group. At the same time, the replacement of the dollar …
How do Governments cause Inflation and pretend they are fighting the high Cost of living?
In the present analysis, we will show the way in which governments cause inflation and pretend to fight for accuracy. The new announcement of a 2.8% increase in the core personal spending index in the US, the Fed’s preferred measure, gives us the trigger to proceed with the downward analysis. This is the key indicator …
The FED is on alert: In case a banking domino of bankruptcies begins
It seems that in the US the time has come for a wave of consolidation in the banking industry. A key program that kept US banks afloat ended last month, and everyone knew what that would mean. By the last Friday of April, the FDIC had taken Republic Bank’s assets and had already arranged to …
White House pushes FED for rate cuts and blows up 2% inflation target – Trump’s plan
New York Federal Reserve President John Williams said in a politically charged statement on Friday (5/3) that the US central bank needs independence from the White House in order to return inflation to its 2% target. The election cycle threatens the independence of monetary policy as pressure mounts for interest rate cuts to ease lending …
The vicious economic cycle continues
The fact that the Federal Reserve left interest rates unchanged, in the range of 5.25% – 5.5%, was of no concern to US stocks. On the other hand, he continues, the promise not to reduce them and to continue monetary tightening exerted downward pressure on bond yields, with the yield of the 2nd falling by …
Six Maritime “lifelines” for Global Trade
They are the busiest sea crossings on the planet. Their role is critical for global maritime trade as they are “lifelines” for the global economy and planet’s well-being. This has been particularly evident in recent years when geopolitical developments in Ukraine and the Red Sea have caused disruptions in global trade, as reflected in shipping …
Inflation – Recession nightmare returns for stockholders
Journalists in the financial press often speak of a Goldilocks economy (“not too hot, not too cold”) in tribute to the Fed’s finesse in manipulating interest rates. They also use the term “soft landing” because the Fed is supposed to manage to tame inflation without causing a recession. However, these narratives, in fact, have no …
Stealing Russian assets will bring Economic War
Countries that have friendly relations with Russia are demanding that the European Union abandon any idea it may have of a cumulative seizure of Moscow’s state assets and oppose US plans that have already seized some $6 billion worth of assets. Representatives of China, Saudi Arabia and Indonesia, among others, have been lobbying the EU …
Excessive Public Debt is killing the Middle Income class – the “lifeblood” of Consumption
Every promise by politicians to increase public spending – and especially those concerning social transfers – resonates positively with voters. These promises may win elections, but what voters themselves should be asking is: Who pays the bill? The common narrative in the US that the debt is unsustainable which has a life of 40 years …