Market Talk – April 18, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 117.90 points or 0.31% to 38,079.70 Shanghai increased 2.84 points or 0.09% to 3,074.22 Hang [...]
The Next Great Crisis
The next great crisis will have a greater impact than derivatives or failed banks. This is the knife through the heart of Marxist-Keynesian Economics – the end of socialism, as we have known it. Many pension funds around the world are compelled by law to invest vast portions in government debt despite the insanity of negative interest rates. As always, those who pretend to be in power never see the next step forward in their walk. They are incapable of managing the economic. With each crisis they create a solution which becomes the next crisis. And who is more brain-dead? Those who pretend to rule the world? Or perhaps is is those who vote for such people thing they are even capable of doing what they claim?
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Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more [...]
Why We Cannot Reach the Fed’s 2% Inflation Target
The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on [...]
Republicans v the Department of Energy and Environmental Protection Agency
The federal US government insists 60% of all new car production must be electric by 2030 – six years away. I have explained numerous times how this is unsustainable for [...]
