Several European countries will hold elections this year, with economic conditions and the Russia-Ukraine war dominating discussions. Slovakia, Lithuania and Romania will elect presidents; Lithuania and Romania will also elect parliaments, as will Belgium, Croatia […]
In 2010, the now German minister of the economy Robert Habeck wrote, in his book published that year, that “patriotism, love of country, that makes me want to vomit”. This was a typical sentiment among the Greens […]
Reserves, Domestic ON RRPs, Currency in Circulation, the TGA, and official foreign RRPs determine how far QT can go. By Wolf Richter for WOLF STREET. The Fed has been talking a lot about its liabilities recently, including Powell […]
Turkey’s central bank lifted its main rate to 50% as it continues its effort to bring runaway inflation back into line. The central bank increased its rate to 50% from 45%, a move that sent […]
Wind power acolytes exhibit all the hallmarks of a cult. 20 years on, and anyone with critical faculties can explain in a sentence why wind power will never amount to meaningful power generation source. But […]
Congressional leaders have announced a deal to fund the federal government in advance of a weekend deadline, but they will need to act quickly to avoid a partial shutdown. House Speaker Mike Johnson said a text of […]
President Joe Biden’s FY 2025 budget request of $7.3 trillion is exactly what Americans should have expected: increased spending and taxes. A budget is more than just numbers, though. It’s a reflection of policy priorities and the ideological perspective […]
Confidence is eroding, as the percentage of executives predicting net zero by 2060 instead of 2050 rises to 62 per cent from 54 per cent a year ago Customers’ reluctance to pay higher prices prevents […]
The BRICS bloc is continuing its dominance and objective to eliminate the US Dollar, and now the US Treasury Secretary predicts the greenback may fall. Treasury Secretary Janet Yellen spoke on “de-dollarization” during a congressional hearing this […]
In 2024, some banks will fail. In 2023, five banks failed. In 1989, over 500 banks failed. Since 1936, there were only 5 years without bank failures. By Wolf Richter for WOLF STREET. The rate-cut-mania-inspired plunge in longer-term yields […]
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