According to a survey by Cambridge University and YouGov, unfavorable views of China have reached new highs in many countries. As Statista’s Katharina Buchholz reports, out of 26 countries surveyed, negative views of China prevailed […]
Authored by Mike Shedlock via MishTalk.com, Consumer spending hit a brick wall in the US, EU, UK and Australia. Guess what that means… Is the global consumer starting to capitulate? Not Just EU What About […]
The Russia-Ukraine war highlighted how geopolitical risk can up-end supply chains and weaponize trade. More precisely, the war led to trade sanctions, a food crisis, and energy shortages. In this graphic from The Hinrich Foundation, […]
The French nationwide strike over proposed pension reform (Macron is seeking to raise the retirement age from 62 to, gasp, 64; the French say “non”) which we profiled last week, interrupted on Tuesday the shipment […]
Chinese state-owned television aired footage of a high-altitude balloon dropping hypersonic weapons in 2018. China tested hypersonic glide vehicles dropped from a balloon in 2018, according to Chinese state broadcaster CCTV. (Screenshot via Chinese social […]
In a glowing testament to the disaster that is the administration of Biden’s handlers, Americans now predict negative rather than positive outcomes for five key aspects of the U.S. economy over the next six months. […]
Via SchiffGold.com, We saw a big rotation into risk assets after last week’s Federal Reserve meeting. Then we had another big shock to the markets when the non-farm payroll report came out much stronger than […]
Late last week, when looking at the most recent Senior Loan Officer Opinion Survey held by the Fed, we noted that the surge in revolving credit has not gone unnoticed by lenders: the on bank […]
By Dan Berthiaume of Chain Store Age Like a post-holiday hangover that just won’t go away, many retailers are struggling with unsold products even after holding New Year sales. According to a new survey of […]
During the Covid-19 pandemic, consumers saved an unprecedented amount of cash thanks to government stimulus and draconian lockdowns. As we’ve been detailing over the past year and a half, those savings could soon be exhausted. […]
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