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Euro-zone inflation rate over three times target rate

Euro-zone inflation rate over three times target rate

Markets full but pockets empty in Europe At 6.1% in May Eurozone inflation remains more than three times its longtime target rate of 2%. This has been wreaking havoc on working…

EU running out of money – Handelsblatt

EU running out of money – Handelsblatt

The bloc has no capacity to finance important new initiatives without cutting on essential projects, the outlet reports © Getty Images / Adam Gault Higher interest rates have added pressure to the…

Wave of defaults looming – Deutsche Bank

Wave of defaults looming – Deutsche Bank

Aggressive monetary tightening by central banks threatens the global economy, according to strategists © Getty Images / Douglas Rissing A cycle of boom and bust will return this year and a wave…

Bank of America Head Predicts Start of Recession in US in Second Half of 2023

Bank of America Head Predicts Start of Recession in US in Second Half of 2023

© AP Photo / Michael Dwyer Subscribe International India Africa MOSCOW (Sputnik) – Bank of America CEO Brian Moynihan said Sunday the country may face a mild recession in the…

The Storm Before The Storm

The Storm Before The Storm

by Michael I really don’t know anyone that would argue that the U.S. economy is in great shape right now.  Inflation is out of control, large companies are conducting mass layoffs…

US economic woes: Credit card debt hits $1 trillion mark

US economic woes: Credit card debt hits $1 trillion mark

American Express and MasterCard credit cards are shown in Washington, United States, June 25, 2008. (File photo by Reuters) An unprecedented level of debt has plunged average Americans into dire…

‘Doctor Doom’ issues global-market crash warning

‘Doctor Doom’ issues global-market crash warning

The US default would be disastrous, according to eminent economist Nouriel Roubini © Getty Images / maikid The US government’s failure to agree on lifting the debt ceiling is likely to hit…

Major EU ports post losses due to Russia sanctions

Major EU ports post losses due to Russia sanctions

Cargo turnover in the bloc’s three largest hubs dropped significantly in the first quarter of the year, data shows © Getty Images / Westend61 Europe’s largest cargo ports of Rotterdam, Hamburg, and…

LIVE! Enter The DANGER ZONE… Global Bond Market Sell-Off Worsening. If This Keeps Up, ITS OVER.

LIVE! Enter The DANGER ZONE… Global Bond Market Sell-Off Worsening. If This Keeps Up, ITS OVER.

Bond Market Caught Between Fears of US Debt Default, Rate Hikes

Bond Market Caught Between Fears of US Debt Default, Rate Hikes

A Fed pause in June, once seen as certain, no longer assuredDebt-ceiling talks may prove key as risk of default lingers By Michael Mackenzie and Liz McCormick Bond traders are…

Theft Is Now Costing Retailers In The United States About 100 BILLION Dollars A Year

Theft Is Now Costing Retailers In The United States About 100 BILLION Dollars A Year

by Michael If we don’t fix this, will the retail industry be able to survive?  There has always been shoplifting, but in the old days it was at a level that…

The collapse is picking up speed- Eurozone inflation accelerates

The collapse is picking up speed- Eurozone inflation accelerates

Services and energy costs are driving consumer prices across the single currency area © Getty Images / PhotoAlto/James Hardy Inflation in the euro area increased for the first time in five months…

Global debt balloons to record highs

Global debt balloons to record highs

It’s now $45 trillion higher than its pre-pandemic level and is expected to continue growing rapidly, a top trade body has warned © Getty Images / PonyWang The global debt pile increased…

Just like with her Babylonian sister nation, the US, UK unemployment rises higher amid skyrocketing inflation

Just like with her Babylonian sister nation, the US, UK unemployment rises higher amid skyrocketing inflation

The UK economy is experiencing its worst conditions in decades, with inflation soaring and the cost-of-living crisis weighing further on people’s lives. (File Photo) UK’s unemployment rate has increased over…

Dollar dominance ‘coming to an end’ – Jim Rogers

Dollar dominance ‘coming to an end’ – Jim Rogers

US policies and mounting concerns over creditworthiness are dragging down the greenback, the investor says Jim Rogers. ©  Visual China Group via Getty Images The US dollar is losing its leading global position,…

If No Debt Ceiling Deal By Early June, Stocks Crash, The Economy Implodes, And Social Security Payments Don’t Go Out

If No Debt Ceiling Deal By Early June, Stocks Crash, The Economy Implodes, And Social Security Payments Don’t Go Out

by Michael We are being warned that there could be some real serious economic doom at the beginning of next month if the Democrats and the Republicans cannot agree on a…

US Consumer Debt Stands at $17 Trillion, Credit Card Defaults at Pandemic Level

US Consumer Debt Stands at $17 Trillion, Credit Card Defaults at Pandemic Level

© AFP 2023 / DANIEL MUNOZ Subscribe International India Africa WASHINGTON (Sputnik) – The US consumer debt has exceeded $17 trillion the first time ever, with Americans defaulting on credit card and…

The Probability Of A Recession Happening In The Next 12 Months Is The Highest In More Than 40 Years!

The Probability Of A Recession Happening In The Next 12 Months Is The Highest In More Than 40 Years!

by Michael If they are actually telling us that a recession is coming this time around, how bad is it going to be?  In 2008, officials kept assuring us over and…

Pepe Escobar: US Empire of Debt Headed for Collapse

Pepe Escobar: US Empire of Debt Headed for Collapse

© AFP 2023 / SAUL LOEB Subscribe International India Africa Pepe Escobar All materials Prof. Michael Hudson’s new book, The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point” is…

US banks dropping like flies, threat to economy

US banks dropping like flies, threat to economy

The tremors from the loss of confidence in the banking system following the sudden collapse and seizure of Silicon Valley Bank (SIVB) by the FDIC on March 10 continue to…

DEBT DEFAULT “PANIC”, BANKS GOING BUST. THE WORST IS YET TO COME

DEBT DEFAULT “PANIC”, BANKS GOING BUST. THE WORST IS YET TO COME

Pentagon sees ‘Chinese threat’ in US default

Pentagon sees ‘Chinese threat’ in US default

Top military leaders have claimed that a massive spending hike is needed to confront Beijing Defense Secretary Lloyd Austin testifies during a Senate Appropriations Subcommittee on Defense hearing on Capitol…

US Federal Deficit Reaches Almost $1 Trln as Biden Braces For Crunch Debt Ceiling Talks

US Federal Deficit Reaches Almost $1 Trln as Biden Braces For Crunch Debt Ceiling Talks

© AFP 2023 / DANIEL SLIM Subscribe International India Africa Oleg Burunov All materialsWrite to the author The Congressional Budget Office has issued a report as POTUS prepares to meet with congressional…

US banks dropping like flies, threat to economy

US banks dropping like flies, threat to economy

The tremors from the loss of confidence in the banking system following the sudden collapse and seizure of Silicon Valley Bank (SIVB) by the FDIC on March 10 continue to…

Over 2,000 US banks are insolvent – Telegraph

Over 2,000 US banks are insolvent – Telegraph

The US banking sector has recently been hit by a major crisis © Global Look Press / Michael Nagle Almost half of the 4,800 banks in the US are nearly insolvent, as…

Investors flock to gold as US banking crisis rages – JPMorgan

Investors flock to gold as US banking crisis rages – JPMorgan

Demand for the precious metal, which is considered a safe haven in times of financial or political turmoil, has been growing © Getty Images / Hans-Peter Merten Gold prices have been hovering…

WORSE RESULTS! 185 More BANKS could GO UNDER. FUNDS are being WITHDRAWN From the US.

WORSE RESULTS! 185 More BANKS could GO UNDER. FUNDS are being WITHDRAWN From the US.

US Bank-Run Escalates: Deposit Outflows Top $360 Billion In Last 3 Weeks

US Bank-Run Escalates: Deposit Outflows Top $360 Billion In Last 3 Weeks

BY TYLER DURDEN Tl;dr: The bank run continues to accelerate… …especially if one looks at non-seasonally-adjusted data. Crucially that is over 360 billion of deposit outflows from US banks in the last 3…

Burger King will close up to 400 stores by the end of the year – with two franchises already declaring bankruptcy – as fast food giant fails to keep up with fast-casual competition

Burger King will close up to 400 stores by the end of the year – with two franchises already declaring bankruptcy – as fast food giant fails to keep up with fast-casual competition

The company says underperforming stores will be the first to go as it announces a historically high number of closuresOne bust franchisee is set to shut 27 locations across seven…

Almost half of Americans think money unsafe in banks – poll

Almost half of Americans think money unsafe in banks – poll

Conducted a month after two major bank failures, the survey results recall the aftermath of the Lehman Brothers’ collapse Customers waiting to withdraw from Silicon Valley Bank ©  Getty Images / Dai…