With the BRICS bloc actively seeking the demise of the US dollar, one trillion dollar asset manager in the US is secretly preparing for the greenback’s collapse. Indeed, BlackRock may be looking to protect itself and its […]
Ofgem has announced that consumer energy debt in the UK has reached £3.7 billion, a significant increase of £400 million from the previous quarter. This latest data indicates a 12% rise in energy debt and […]
The US dollar, still the #1 reserve currency held by central banks, keeps losing share in bits and pieces ever so slowly against a mix of other reserve currencies as central banks diversify their holdings […]
The US presidential candidate has pledged 100% tariffs on countries that are seeking to replace the greenback in international transactions Republican presidential nominee Donald Trump has claimed that dumping the US dollar will be extremely […]
Job growth bounces back some, hourly earnings jump, unemployment dips, but job growth is too slow to absorb the massive influx of immigrants. By Wolf Richter for WOLF STREET. Payrolls at employers rose by 142,000 jobs in August, […]
Daily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024 Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, […]
The financial dimension of the Russian-Indian Strategic Partnership is qualitatively evolving as a result of the fast-moving multipolar processes that were unleashed across the world by the Ukrainian Conflict. Russia and India are decades-long strategic […]
In a recent interview with CNN, Kamala Harris said that Bidenomics is working and that she is “proud of bringing inflation down.” However, the Bureau of Labor Statistics published the latest CPI at 2.9%, despite annual inflation […]
ContributionsFinance and Insurance Pierre Aury assesses the state of the world economy with some startling stats. We saw last month that it was unlikely that the historically high level of unrealised losses sitting in the […]
By Wolf Richter for WOLF STREET. The long-term fiscal mess the US has been wallowing in for many years – the mindboggling deficits even during a strong economy that turned into the incredibly ballooning debt, encouraged and enabled […]
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