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The 80% rise in the U.K.'s cap for consumer electricity and natural gas bills this fall will drive millions of households into energy poverty this winter as the worsening cost-of-living crisis stokes fears of recession.
British Pubs say 70% of them will be forced to close by soaring energy prices
China's economic crisis is getting worse, and it's got everything to do with housing. And if you saw our story from two weeks ago about China's economic crisis, well this was only half of the story.
"Powell is likely to push back on premature expectations of a dovish pivot, reiterating the focus on the fight against high inflation. Whether markets take him seriously amid an increasingly gloomy outlook for the global economy is yet to be seen."
"...the return of Iranian barrels would be a qualifying event for a collective strategy shift,"
Russia says it will move away from the dollar, euro and SWIFT in commercial, economic, and investment relations with partners, as these currencies have become "toxic," Deputy Foreign Minister Alexander Pankin has said.
The world economy and especially the political and economic situation today consists of a potpourri of lethal ingredients which will have dire consequences... Let's look at what this deadly potion consists of:
According to Adam Smith in his foundational economics classic 'The Wealth of Nations,' the three basic elements of price for a product are 1) the cost of labor, 2) the cost of rent and 3) the cost of capital (i.e., industrial equipment).
The western world is about to stop waging some bizarro war against Vladimir Putin that has sparked loathed energy hyperinflation across most of Europe...
Chinese authorities had high hopes for China's chip industry, expecting to see a "semiconductor miracle," which would then affirm the "advantage of China's whole nation system," as well as overcome technology sanctions imposed by the Unit
The Eurodollar curve implies four quarter-point cuts are on the way starting in 2023. The Fed believes otherwise. Let's discuss stock market implications.
Empire Strikes Back
The image above is of a World War II German Panzer tank. So, what does that have to do with tax havens? I'll get to that soon.
The U.S. is provoking a conflict due to its own anxieties about Beijing's economic advances, writes Vijay Prashad. We should not let ourselves be drawn in.
Update (1000ET): The water level on the Rhine River at Kaub, Germany, has fallen to a critical 40 centimeters (15.7 inches). It becomes uneconomical for barges to transit Europe's most important inland waterway at this level.
US PPI was another deflationary surprise yesterday given the 0.5% fall in headline prices m-o-m and the weaker than expected 0.2% rise in core prices.
Chinese buyers flooded the American housing market with more than $6 billion last year, more than purchasers from any other foreign country.
Argentina's government has left its beautiful country in financial ruin. July's inflation report surpassed 60% with no signs of slowing.
What is taxation? It's actually theft. Why do I say that? If you look up the dictionary definition of theft, it says, "the act of stealing, specifically the felonious taking and removing of personal property with intent to deprive the rightful ow
The story of how ESG investing began is almost as wonky as its name.
Last week I released a joint podcast effort with my dear friends over at Palisades Gold Radio, one of my favorite podcasts.
In a few days the British Conservative Party will select a new prime minister from within its ranks.
After enduring weeks of increasingly intense protests, strikes, and highway blockades that led to fuel and other product shortages, the Panamanian government...
A strong currency exports inflation to those nations which do not issue the currency...
The SCO and other pan-Eurasian organizations play a completely different – respectful, consensual – ball game. And that's why they are catching the full attention of most of the Global South.
Gideon discusses the coming Financial Reset and secretive software that will be used to implement social credit scores, called CSRQ-SM.
... Cutting Flows In Half; European Gas Prices Soar
Russia joined forces with China to create a new reserve currency.
Last week I wrote about how "We're All Dutch Farmers Now."
Exchange rates of individual countries against the dollar over the past year
