Business as Usual?: U.S. yield inversion deepens, stokes recession fears Reuters•August 27, 2019 NEW YORK (Reuters) – The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall Street and stoked even more […]
Business as Usual?: Insiders are selling stock like it’s 2007. See recession and stock implosion coming. By Matt Egan, CNN Business Updated 4:11 PM ET, Mon August 26, 2019 New York (CNN Business) The leaders of Corporate America are cashing in their chips as doubts grow about the sustainability of the longest […]
Business as Usual?: World needs to end risky reliance on U.S. dollar. Calls for the world’s central banks to join together in creating their own replacement ‘electronic/digital’ reserve currency. Reuters•August 23, 2019 JACKSON HOLE, Wyo., Aug 23 (Reuters) – Bank of England Governor Mark Carney took aim at […]
Business as Usual?: The Push To Kill Cash in 2020. – Next Up Is Australia. There is that year again!!! World calls for digital currencies. Governments can control you if you carry ‘cash.’ PNW. August 26, 2019. The supposed coordination of governments and tech companies to create a […]
Business as Usual?: Saudi Arabia ‘well positioned’ to face uncertainty in global economy – central bank. The Beast is delighted despite what is happening around the world. Arabian Business. August 7, 2019 Saudi Arabia’s central bank said on Tuesday that any potential rise in Saudi interbank rates in […]
Business as Usual?: Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation By David Lawder and Se Young Lee. Reuters•August 23, 2019 WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% […]
Business as Usual?: The recession question we should be asking isn’t ‘when’ but ‘how bad?’ Where’s the bubble going to burst? The triggers of previous downturns aren’t entirely the same today, but there is one new near-to-bursting bubble Financial Post. August 15, 2019. Joe Chidley. It’s taken a […]
Business as Usual?: Trump heaps pressure on Fed and its chairman Powell to cut rates Reuters•August 21, 2019 WASHINGTON (Reuters) – President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank’s chairman to lower interest rates, saying its policies were hampering U.S. growth […]
Business as Usual?: China strikes back at U.S. with new tariffs on $75 bln in goods By Se Young Lee and Judy Hua. Reuters•August 23, 2019 * China sets extra tariffs of 5% or 10% * Targeted goods include soybeans, beef, pork, crude oil * U.S. imposed tariffs […]
Business as Usual?: Harvard Economist Warns Hong Kong Could Trigger World Recession Enda Curran. Bloomberg•August 23, 2019 Hong Kong’s rolling political turmoil could prove a tipping point for the world economy, Harvard University economist Carmen Reinhart said. Noting an incidence of shocks that have rattled global growth, including […]
