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‘Spend as much as you can,’ IMF head urges governments worldwide
‘Spend as much as you can,’ IMF head urges governments worldwide MOSCOW (Reuters) – Policymakers worldwide should embrace more spending to help revive their stuttering economies, the head of the International Monetary Fund said on Friday at Russia’s annual Gaidar economic forum. Managing Director Kristalina Georgieva did not give any specific economic forecasts, but made […]
Building A false Economy On Hope And Printing Money
Building A false Economy On Hope And Printing Money False Economy’s End In Decay And Failure This article is in response to a piece about how it looks like massive stimulus is finally upon us and the only question is how big it will be. It would be wise to remember this is all an […]
Inflation Is Spreading Broadly into the Economy. Amid Surging Costs, Companies Raise Prices, and Customers Pay them, Despite Weak Economy, 10 Million Missing Jobs
Inflation Is Spreading Broadly into the Economy. Amid Surging Costs, Companies Raise Prices, and Customers Pay them, Despite Weak Economy, 10 Million Missing Jobs “Not only have the last two months seen supply shortages develop at a pace not previously seen in the survey’s history, but prices have also risen due to the imbalance of […]
K-Wave – Real or Not?
K-Wave – Real or Not? QUESTION: What is your opinion on Kondratieff Waves? EH ANSWER: All those investigating cycles within the economy made a simple mistake. Kondratieff followed agriculture/commodity prices when agriculture accounted for 70% of the GDP pre-19th century. That only began to decline from 1850 forward, dropping to 40% by 1900 as the Industrial Revolution […]
The Next Wave Of Spending Will Not Bring Prosperity
The Next Wave Of Spending Will Not Bring Prosperity We Are Starting A New Series Of Mistakes The surprisingly bad job numbers recently released show America lost 140,000 jobs in December. A big part of the problem is that this is only one indicator of the carnage taking place in our economy. As small businesses […]
These are the world’s greatest threats in 2021
These are the world’s greatest threats in 2021 Environmental threats are among some of the most pressing. Image: REUTERS/Adrees Latif Billions are at risk of missing out on the digital leap forward, as growing disparities challenge the social fabric. In the medium-term, the global economy will be threatened by the knock-on effects of the coronavirus […]
Food Prices Around the World Soar, But Inflation Remains…Incredibly Low?
Food Prices Around the World Soar, But Inflation Remains…Incredibly Low? Food price indexes over the past rolling 12-months have been reported increasing at a healthy 4% clip, but US government and banking officials have still been reported 12-month rolling “official” inflation rates in the US at a comical and lowly 1.4%. To refresh our memories, […]
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route. Supertankers delivering 2-million-barrel shipments of the kingdom’s oil to China are losing […]
How BC’s Fossil Fuel Fights Link to a String of Wins in the US
How BC’s Fossil Fuel Fights Link to a String of Wins in the US A thin green line with global impact. Latest in a series on creating a zero-carbon bioregion. Familiar mood, different Vancouver. Protesters block an oil-carrying train in Vancouver, Washington in 2016 — part of a two-decade movement spanning Alaska to California. Photo: Alex […]
Massive Inflation in Shipping Costs. And the Reasons
Massive Inflation in Shipping Costs. And the Reasons Rates for trucking, ocean containers, airfreight, parcels, you name it, the costs for shipping consumer & industrial goods are surging. The dollar-amount spent by shippers, such as manufacturers or retailers, on shipping their goods jumped by 13% in December from a year earlier, driving the Cass Freight Index […]
Dear Governments, Spend as Much as You Can
Dear Governments, Spend as Much as You Can This week we heard further details about more trillions in upcoming spending and even changing monetary issuance laws (for CBDCs) worldwide. The International Monetary Fund (IMF), what critics might call a supranational leveraged buyout bank, was out this week making calls for governments worldwide to spend as […]
Interest Rate Tremors May Spell Disaster for the Dollar
Interest Rate Tremors May Spell Disaster for the Dollar Banksy As the U.S. plunges further into debt beyond a staggering $27 trillion, the dollar’s time is running out. But the problem is much deeper than that. With inflation on the rise, and long-term bond yields rising in concert with massive debt, some disturbing scenarios could develop that spell trouble for […]
The Next Wave Of Spending Will Not Bring Prosperity
The Next Wave Of Spending Will Not Bring Prosperity We Are Starting A New Series Of Mistakes The surprisingly bad job numbers recently released show America lost 140,000 jobs in December. A big part of the problem is that this is only one indicator of the carnage taking place in our economy. As small businesses […]
Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans
Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans It’s odd to see it occur while almost every market reports record home sales. Canada’s real estate markets are booming, but lenders are preparing for mortgage losses. Bank of Canada (BoC) data shows the allowance for credit losses due to mortgages reached a record high […]
2021 may be the year that the world loses confidence in the dollar
2021 may be the year that the world loses confidence in the dollar Nearly 186 years ago to the day, on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt. Jackson was a staunch fiscal conservative. He despised banks, and, […]
