Silicon Valley Bank collapsed last week and Moody’s Investors Service downgraded the credit rating of Signature Bank sparking fears of a major financial crash. CNN now reports, “Moody’s puts 6 US banks on watch for potential downgrade.”
This year, as we all deal with rising prices, increased cost of living, reduced savings and increased income inequality, it is widely believed that the global economy is heading towards a recession and the economic situation for millions of people will worsen. While the exact timing of a recession is difficult to predict, there are […]
Details: Biden’s Global Economic War Employing Oil and Inflation Khamenei Responds to Protests in Iran
Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy. Overall, prices have been essentially flat in our country these last two […]
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has raised interest rates by 1.5 % to 15 %. According to the SBP’s own press conference, the increase is to slow the economy down, whilst claiming that such demand contraction is a must, otherwise high growth is unstable, worsening inflation. Even after […]
Headlines: * A Hard Landing for the Global Economy * The U.S. Should Show It Can Win a Nuclear War * Attack on Chinese Workers in Pakistan Challenges New Government
US Tests Missile Recession Dawns Global Economy Trump Wants to Buy Greenland US Tests Missile On Sunday 18th August, the Pentagon tested a conventionally-configured (i.e. non-nuclear) cruise missile. The missile flew over 500 km and officials described it as accurately impacting. A ground-launched cruise missile of that range would have been flat out illegal under […]
