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Top Washington Think Tank Warns Global Recession Could Arrive Before End Of 2022Apr 13, 2022 - 13:02:19 PDT
The timeline for the looming stagflationary recession continues to creep forward, with the Peterson Institute for International Economics warning that global growth is set to slow dramatically, and warning that "an even more abrupt tightening of monetary policy that causes asset prices to fall sharply and consumers to pull back, combined with a greater slowdown in China than currently expected, could push the economy into recession by the end of this year."
"The Market's In For A Hell Of A Lot Of Trouble" | David Rosenberg & Stephanie PomboyApr 13, 2022 - 12:52:32 PDT
Here in Part 2 of our interview with economist David Rosenberg & Stephanie Pomboy, they offer the specifics on their outlook for recession this year and just how far each sees the markets likely falling from here.
JPMorgan CEO Jamie Dimon Says ‘Powerful Forces’ Threaten U.S. Economy: WSJApr 13, 2022 - 12:42:57 PDT
Bank’s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession.
Poor countries face economic ruin from simultaneous crises of food, energy and finance due to supply disruptions caused by Russia's invasion of Ukraine, U.N. Secretary-General Antonio Guterres said on Wednesday.
No one sanctions like America. Two or three dozen countries being destabilized with many thousands dying from lack of food, medicine and commerce makes no dent in Uncle Sam’s conscience. But there is an increasingly self-destructive downside to U.S. sanctions besides the fact they simply don’t work to achieve US...
US Expands Intelligence Sharing, Steps Up Arms To Ukraine, Including HelicoptersApr 13, 2022 - 12:31:58 PDT
Further it comes as Biden has said the Pentagon will step up its weapons flow to Kiev. This was revealed following a phone call with Zelensky on Wednesday, where Biden said he informed his Ukrainian counterpart he's authorized an additional $800 million in weapons, ammunition, and other security assistance to Ukraine, according to the official readout.
Pentagon Convenes 'Classified' Meeting Of Top 8 US Arms Makers As They Reap Ukraine WindfallApr 13, 2022 - 12:29:37 PDT
According to a report from Reuters, the Pentagon will host leaders from the top eight US weapons makers to discuss the industry’s capacity to produce arms for Ukraine if the war lasts years.
As the Russian deputy foreign minister warns that US and NATO weapons sent to Ukraine to target the Russian military will be attacked, the Biden Administration has called a meeting with the eight largest US weapons manufacturers to see how they can ramp up production for Ukraine. The Biden Administration is moving the US toward direct conflict even as it says it won't put US boots on the ground.
The latest seasonally adjusted inflation rate for March was 1.21% month over month, with a non-seasonally adjusted annual rate of 8.56%. Both of these numbers came in slightly above expectations. Expectations were elevated due to the war in Ukraine.
A new study has revealed that Roman inflation during the Republic period, beginning around 90 BC, eventually destabilized the entire Roman world and this could be the plight of modern empires too!
Apr 13, 2022 - 08:46:15 PDT
A soaring CPI had led to negative real earnings. The drop in purchasing power was steep in March of 2022.
Confidence among America's small business owners dropped in March, according to the National Federation of Independent Business (NFIB), with a growing share of owners reporting that inflation was their single biggest problem.
US Equity Bulls Have A "Valuation Problem" As Bond-Bulls Face 'Last Line Of Defense'Apr 13, 2022 - 08:35:08 PDT
Having deleted his account on Twitter for the 237th time (approximately), Michael 'Big Short' Burry re-entered the social media fray last night with a big warning for US equity bulls that stocks are overvalued and could plunge in price. "Nigh perched with a multiple problem," Burry tweeted, attaching a chart tracking the price-to-sales ratio of the S&P 500 equal-weight index.
Apr 13, 2022 - 08:32:05 PDT
“Evidence of both nations’ intent to undercut the United States and allied leadership in the space domain can be seen in the growth of combined in-orbit assets of China and Russia, which grew approximately 70 percent in just two years,” Kevin Ryder, Defense Intelligence Agency senior analyst for space and counterspace, said in an April 12 press briefing. “This recent and continuing expansion follows a more than 200 percent increase between 2015 and 2018.”
Swedish media is announcing that the Scandinavian country has made the decision to join the North Atlantic Treaty Organization, in a move that is sure to outrage Putin - and which could trigger serious repercussions after repeat threats from Moscow against both Finland and Sweden as they contemplate the move.
Yellen Says China Faces Consequences if It Fails to Help Stop Russia's War in Ukraine: BloombergApr 13, 2022 - 08:15:55 PDT
Treasury Secretary Janet Yellen on Wednesday delivered a pointed warning to China on its alignment with Russia, suggesting potential economic consequences from the international community depending on how it approaches President Vladimir Putin’s invasion of Ukraine.
“China’s heavy investment in Africa as its ‘second continent,’ and heavy-handed pursuit of its ‘One Belt, One Road’ initiative, is fueling Chinese economic growth, outpacing the U.S., and allowing it to exploit opportunities to their benefit,” U.S. Africa Command Gen. Stephen Townsend told the House Committee on Appropriations, echoing comments he made last month to the Senate Armed Services Committee.
History shows which one works and which one does not. A more aggressive posture does not resolve the root issues across the Taiwan Strait, it only risks exacerbating them.
Over the past few years, the U.S. has accused China of using “debt diplomacy” to make developing nations across the world more dependent on Beijing.
Global Renewable Power Prices Soar on Heavy Demand, Chaotic Supply ChainApr 13, 2022 - 08:02:25 PDT
Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday.