ASIA: Japan’s government is set to unveil its largest annual budget on Friday with $943 billion in spending for the fiscal year beginning next April, further straining the industrial world’s heaviest debt, Reuters reported. The first annual budget to be compiled by Prime Minister Fumio Kishida’s government got a boost from Covid-19 countermeasures, social security […]

The Federal Open Market Committee plans to taper its asset purchasing program by $30 billion per month. Starting in January, the central bank will begin buying $60 billion in bonds monthly, citing “inflation developments and the further improvement in the labor market.” As for interest rates, the Fed is considering as many as three rate […]

As I mentioned on the Private Blog yesterday, the Federal Reserve declared World War III in the financial markets as the European Central Bank (ECB) was on its knees groveling, “Please don’t raise rates.” The Bank of England (BoE) is in far better shape than the ECB, which is on the verge of collapse. The […]

Inflation is soaring with no end in sight. The Consumer Price Index rose 0.8% in November, marking a 6.8% increase in inflation YoY. According to the Labor Department, this is the fastest pace of inflation since June 1982. In addition, Core-CPI rose 0.5% last month, amounting to a 4.9% annual increase, the quickest advancement since […]

  Saule Omarova will not become the next US Comptroller of the Currency after withdrawing her candidacy. Nominated by President Joe Biden, Omarova has come under fire for her Marxist views and received bipartisan opposition. Omarova previously dispelled notions that she supported Marxism, stating that she could not control the fact that she was born […]

While just about every historical piece on the Black Plague you will read tells the story from the plague perspective. However, I look at history differently. I always correlate everything from all sides and what all the reports on the Black Plague overlook are the economics of the crisis. While there are no GDP records, […]

Inflation in the doomed Eurozone increased 4.9% in November, marking the highest level of inflation since the creation of the euro. The larger economies within the bloc experienced a significant rise in inflation, with Germany posting a 6% increase and France experiencing a 3.4% rise. Other nations saw extreme spikes such as Estonia and Lithuania […]

  ASIA: Liu Shijin, an adviser to the People’s Bank of China and member of the monetary policy committee said China’s economy could enter a period of relatively slow growth and excessively high producer-price inflation. Speaking online at the China Macroeconomy Forum over the weekend Liu said the “quasi-stagflation” is “very likely” if demand remains weak, PPI stays high, […]

Ever since 1927, when the Federal Reserve lowered interest rates in a failed attempt to help Europe, which still ended up defaulting in 1931, Keynesian economics succeeded in brainwashing the analysis of how people look at the central banks. Where the 1927 G4 attempt to lower rates in the US was intended to deflect capital […]

ASIA: China’s central bank signaled possible easing measures to aid the economy’s recovery after a sharp downturn in recent months fueled by a property slump. China’s CSI 300 Index gained as much as 0.5% Monday morning on expectations of potential loosening, while the 10-year government bond futures contracts gained as much as 0.3%. The Indian […]