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HomeFinancial Crisis

Financial Crisis

energy
Electrical Generation / Utilities

Budget 2023: ‘My energy bills have doubled to ÂŁ3,000 in a year’

March 9, 2023 Mariel Alumit

Ramia Muhjazi, who owns a florist in Slough, says her energy bills have doubled in a year to more than ÂŁ3,000 annually. “This is too much for a small business,” she said. “We need it […]

Gold
Finance

Gold price regains ground as US dollar rally cools

March 8, 2023 Mariel Alumit

Gold prices regained some ground on Wednesday as the dollar’s rally cooled, but any further advance is likely to be capped with Federal Reserve Chair Jerome Powell signalling more rate hikes. Spot gold rebounded 0.3% […]

Extinction
Bankruptcy

VC Funds See “Mass Extinction Event” For Startups In 2023: “It Will Make The Financial Crisis Look Quaint”

March 8, 2023 Mariel Alumit

Leading venture capital players are predicting a “mass extinction event” for early- and mid-stage startups that will make the global fiscal collapse in 2008 “look quaint” by comparison. According to Globest, a new survey has […]

Fed
Finance

Inflationary Gaslighting – Fed Chair Says Interest Rates likely to be higher than previously expected

March 8, 2023 Mariel Alumit

Federal Reserve Chairman Jerome Powell delivers testimony today before the Senate Banking and Finance Committee.  During his statements Powell says, “The latest economic data have come in stronger than expected, which suggests that the ultimate […]

Finance

Bank of America CEO predicts ‘slight’ US recession this year

March 7, 2023 Mariel Alumit

EconomyBusiness and Economy Bank of America chief executive Brian Moynihan has predicted the United States will enter a “very slight” recession later this year despite improving signs for the global economy. Speaking at a business […]

ENB Daily Standup

Daily Energy Standup Episode #75 – U.S. Maritime Industry needs Nuclear Power – China demand? – Godzillia will not return on Fukushima water release

March 7, 2023 Andy Del Prado

Daily Standup Top Stories Advanced Nuclear Power Could Transform U.S. Maritime Industry March 6, 2023 Mariel Alumit The US maritime sector has suffered a steep decline since its peak in the immediate post-WWII era with […]

Dollar
Finance

Luongo: The War For The Dollar Is Already Over, Part I

March 6, 2023 Mariel Alumit

Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, And the Fed has won. In the words of Ambassador Kosh from the classic television series Babylon 5, “The avalanche has started. It is too […]

Recession
Finance

Is The Recession Already Here?

February 28, 2023 Mariel Alumit

Authored by Jeffrey Snider via RealClearMarkets.com, It was a sudden and epic flood of oil the likes of which the country hadn’t seen before. According to the government’s numbers, the Energy Information Administration, over a […]

Finance

Europe’s Strong Rally Faces Test As War Rages On

February 28, 2023 Mariel Alumit

By Sagarika Jaisinghani, Bloomberg Markets Live reporter and strategist The strong stock gains that have marked the early months of 2023 are likely to fizzle out if Russia’s war in Ukraine escalates. While the region’s […]

Finance

Former Treasury Secretary Admits Doubts On Soft Economic Landing – Looks To Global Institutions For Solutions

February 27, 2023 Mariel Alumit

Former Treasury Secretary under Bill Clinton, Larry Summers, joins Bloomberg to answer questions on persistent inflation indicators despite Federal Reserve tightening measures and rising interest rates. Summers, with some carefully chosen words, essentially admits what […]

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