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Economy

“New Zealand plans to tax emissions from livestock burps and dung”

October 13, 2022

“New Zealand plans to tax agricultural emissions — including those related to the burps, urine and dung from livestock like cows and sheep — in a move its government hopes will help the country meet climate change goals. The aim… Continue Reading…

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Banking, Economy

“Cathie Wood just wrote an open letter to the Fed accusing it of stoking ‘deflation’ and looking at the wrong economic indicators”

October 11, 2022

“The Federal Reserve has raised interest rates at the fastest pace since the 1980s this year in an attempt to cure America’s inflation problem. But now, many economists and business leaders are beginning to question whether the medicine (rate hikes) could be worse than the disease (inflation).… Continue Reading…

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Banking, Economy

“UN Warns That Interest Rate Hikes Could Pose Harm To The Global Economy”

October 10, 2022

“EDITOR’S NOTE: We saw what happened to the world’s major currencies when the Federal Reserve took a more aggressive stance on rate hikes: they tumbled. Even legendary hedge fund manager, Ray Dalio, whose mantra was “cash is trash” no longer believes that… Continue Reading…

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Economy

“U.S. Pension Funds Could Be In Danger”

October 10, 2022

“EDITOR’S NOTE: How safe are your pension funds, really? If you’re in the retirement red zone, you may be facing a triple threat: not only is your pension fund at risk, but whatever you receive from your fund is likely going to… Continue Reading…

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Banking, Business, Economy

“SoftBank plans at least 30% staff cuts to Vision Fund, source confirms”

September 29, 2022

“SoftBank is planning to cut at least 30% of staff at its ambitious investment arm, the Vision Fund, a source confirmed to CNBC. At least 150 out of 500 Vision Fund workers will be impacted by the cuts, according to Bloomberg,… Continue Reading…

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Economy

“Who Will It Hurt The Most When Unemployment Rises?”

September 27, 2022

“EDITOR’S NOTE: The Federal Reserve has made it clear that reining-in inflation is its number one priority. One likely consequence is that corporate hiring will freeze, layoffs will commence, and jobs will be lost. As unemployment rises, the distribution of… Continue Reading…

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Economy

“China’s flood of new electric cars cost 20% more to insure than fuel-powered cars”

September 27, 2022

“…In general, the insurance premium for new energy cars — which includes electric — is about 20% higher than it would be for comparable traditional fuel-powered cars, said Wenwen Chen, director at S&P Global Ratings, who leads the firm’s research… Continue Reading…

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Economy

“2 in 5 Americans say inflation will change their holiday shopping habits this year…”

September 26, 2022

“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year. Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed… Continue Reading…

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Economy

“BofA Says Cash Is King as Investor Pessimism Hits 2008-Era High”

September 23, 2022

“Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. strategists. Cash had inflows of $30.3 billion, while global equity funds… Continue Reading…

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Economy, Precious Metals

“A Great Copper Squeeze Is Coming for the Global Economy”

September 23, 2022

“The price of copper — used in everything from computer chips and toasters to power systems and air conditioners — has fallen by nearly a third since March. Investors are selling on fears that a global recession will stunt demand… Continue Reading…

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