The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money.
This will be the world's new reserve currency, and probably end the U.S. dollar forever. Have you heard about BRICS? Well if not, you'll likely be hearing a lot more about them in the near future.
BlackRock said the decline was "primarily driven by the impact of significantly lower markets and dollar appreciation on average AUM and lower performance fees."
The brazen talk from BoE's Bailey yesterday afternoon, stating with conviction that the "temporary" bond-buying program would in-fact end this Friday on original deadline and risking an upgraded...
As expected, OPEC aggressively slashed projections for both global demand and the amount of crude it will need to pump this quarter, making the case for the output cut announced last week which sent shockwaves across the Biden administration.
• https://www.zerohedge.com, By Tsvetana Paraskova
Russia expects to keep its production at 9.9 million barrels per day (bpd) in October, Russian Deputy Prime Minister Alexander Novak said on Wednesday, citing production volumes that are more than 1 million bpd below Russia's current target under t
Since Fed Chair Powell unleashed his short-and-sweet uber-hawkish comments in late August at Jackson Hole, market expectations for The Fed's terminal rate (cycle high before pause or cuts resume) has surged hawkishly (adding 100bps of hikes).
China's economy may be at the point of no return, and it's got everything to do with the three "Ds". Two of these I've spoken about before in some detail, but the third almost nobody knows about.
In this first instalment of a new series, Iain Davis and Whitney Webb explore how the UN's "sustainable development" policies, the SDGs, do not promote "sustainability" as most conceive of it and instead utilise the same debt imperialism lo
Banking and financial firms in London are closely studying and updating contingency electricity supply plans to protect themselves and their customers in case power outages hit the UK this winter.
The dollar index is at 20-year highs. This has led to talk of the dollar getting "too strong," even as some worry that a "post-dollar" world could be on the horizon.
Just as last week ended, with a relentless meltup in the exponentially rising US dollar, coupled with a collapse in cable, the yen, yuan, euro and so on, not to mention stocks and bonds, so the new week begins only this time the moves are even faster
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