American’s Support for Israel Wanes
Americans are more likely to support Israel amid the Middle East conflict, but support is waning. A Gallup poll found that 46% of Americans feel sympathy toward Israel, marking the [...]
ECB To Extend its Bond Buying Program into End of 2017
Mario Draghi, extended the European Central Bank (ECB) $ 1.74 trillion bond purchase program to support the economy by nine months to at least the end of December 2017. This is far longer than most economists had expected. However, the monthly volume of currently €80 billion euros will drop to €60 billion euros from April 2017 onwards. In total, a further €540 billion euros will be pumped into the market. However, there is still no indication that thie will have any inflationary influence. All its appears to be doing is slowing the collapse buying bonds the private sector does not want.
According to German newspaper the Frankfurter Allgemeine Zeitung (FAZ), the decision of the ECB to expand its bond purchases was objected to by the Bundesbank President Jens Weidmann. The newspaper reported that Weidmann had expressed objections and not voted. The Bundesbank did not wish to comment on the report, reported Reuters.
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US Deficit Surpassed $1 Trillion in February
According to the Treasury Department, America’s deficit surpassed the $1 trillion mark this February. The deficit reached $307 billion for the month, marking a 2.5X increase on a monthly basis [...]
Canada to Take Over for USAID?
Canada has agreed to fund woke programs abandoned by USAID. As the nation grapples with a barely functioning government and cost of living crisis, the Canadian government is funding what [...]
Market Talk – March 13, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 29.05 points or -0.08% to 36,790.03 • Shanghai decreased 13.19 points or -0.39% to 3,358.73 [...]
