Article by Chadwick Hagan The Epoch Times Will the European Union or certain countries in the EU ban meat production in order to meet emis...
Will The EU Tax or Ban Meat?
Predictions from Saxo Bank: A country agrees to ban all meat production by 2030 In an effort to become one of the global leaders on the path...
Happy New Year! Here Are A Few Outrageous Predictions For 2023.
Predictions from Saxo Bank:
A country agrees to ban all meat production by 2030
In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
Widespread price controls are introduced to cap official inflation
History tells us that with the war economy comes rationing and price controls. And this time is no different, as policymakers introduce strict price controls that lead to a range of unintended consequences.
Following a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
USDJPY fixed to the USD at 200 as Japan overhauls financial system
Following the challenges that faced the Japanese Yen in 2022, the Bank of Japan attempts to keep the currency from sliding. Unsuccessful on the long-term, Japan will launch a reset of its entire financial system.
Tax haven ban kills private equity
With the war economy comes an increased focus on national interests and sovereign nations' ability to assert themselves. In that regard, the OECD countries turn their attention on tax havens and pull the big guns out, banning them altogether.
HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH Laurie Law, Susan Sabett, Jerry Solinas National Security Agency Office o...
How To Make Cryptocurrency (1996) - National Security Agency
The S&P 500 jumped Thursday in one of the last trading sessions of the year but remained on track to close out its worst year since the ...
S&P Year End
December 27, 2022 FocusEconomics Consensus Forecast Major Economies - January 2023 Economic Outlook The economy will come close to stagnati...
United States of America Economic Forecast
The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased 4.1 points in October to 56.7, its eighth consecutive monthly d...
Housing Market Confidence Dropping
Hurry if you’re selling, halt if you’re buying, stay if you’ve borrowed, finance experts advise. The Office for National Statistics announce...
UK Housing Market September 2022
Just wrapped up an article for a column and I wrote the following: There is a risk that a prolonged slowdown in China could weigh down the r...
Japan's Lost Decade
US Treasury Secretary Janet Yellen speaks on the state of the US economy during a press conference at the Department of Treasury in Washingt...
Recession or Not?
Are we in a recession or not? Officially, the National Bureau of Economic Research (NBER) committee, which decides and records recessions in the United States, defines a recession as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.”
Yes, it is true, we have had two consecutive declines in GDP. The Federal Reserve Bank of Dallas reported, on Aug. 2, that the nation’s gross domestic product (GDP) “fell 1.6 percent on an annualized basis in the first quarter of 2022 and was followed by a 0.9 percent drop in the second quarter.”
To read the complete article, see here.
From Focus Economics: Prices for Australian thermal coal rose over the last month, averaging USD 408.4 per metric ton in July, which was up ...
Thermal Coal Prices Continue To Rise
The red-hot housing market is showing signs of cooling down, but it’s not just in America where this is happening. Globally, cities all over...
Falling Home Values and Rising Mortgage Rates Create Potential for Perfect Storm
Japan : The economy likely rebounded in Q2. The recovery’s spearhead will have been consumer spending. Most Covid-19 restrictions were remo...
Economic Update For Major World Economies
United Kingdom: The economy likely registered a muted performance in Q2 amid higher inflation, record-low consumer sentiment and tighter financial conditions. That said, recent GDP data for May surprised markets on the upside, with the economy logging 0.5% month-on-month growth. Together with an upward revision to April’s contraction in GDP, this paints a less negative-than-previously anticipated picture of economic activity in early and mid-Q2. Turning to Q3, services and manufacturing PMI data points to a loss of steam. In politics, in early July, Boris Johnson resigned as the Conservative Party leader, and announced he will step down as prime minister after a new Conservative leader is chosen on 5 September. Ex- Chancellor Rishi Sunak and Foreign Secretary Liz Truss are the final two candidates, with Sunak prioritizing fiscal restraint if elected and Truss promising immediate tax cuts. This year, growth will weaken notably due to multi-decade high inflation and higher interest rates. Upside inflation shocks and faster-than- expected rate hikes pose downside risks, while extra fiscal stimulus is an upside risk. Tensions over Northern Ireland, which could result in the suspension of the Brexit trade deal or the imposition of EU tariffs, cloud the outlook. FocusEconomics panelists expect the economy to expand 3.4% in 2022, which is down 0.1 percentage points from last month’s forecast, and 0.8% in 2023.
United States: The economy is forecast to have returned to growth in Q2 as the contributions from net exports, government spending and inventories improved. Moreover, underlying domestic activity appeared fairly robust in the face of rising inflation and interest rates. Monthly job gains beat market expectations throughout the quarter, with growth particularly strong in contact-intensive sectors which had previously been impacted by Covid-19. Meanwhile, retail sales posted strong gains in April and June, likely aided by accumulated savings and notwithstanding lower consumer confidence. In addition, the composite PMI averaged only slightly below its Q1 level in Q2. However, momentum appeared to weaken at the outset of Q3, with the Composite PMI—which covers both the manufacturing and services sectors—dipping into contractionary territory in July. Growth will weaken in 2022 from 2021 on aggressive Fed hikes, and panelists have now downgraded their 2022 growth forecast by 1.5 percentage points since the start of the year. That said, the robust labor market and strong energy exports will provide support. A continued rise in inflation and faster-than-expected Fed tightening are key risks to the outlook. FocusEconomics panelists see GDP growing 2.3% in 2022, which is down 0.3 percentage points from the previous month’s forecast. In 2023, our panel sees the economy expanding 1.3%.
(c) FocusEconomics 2022
ISSN 2013-648X
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