ASIA: A shortage of cash dollars and forward market intervention by the Reserve Bank of India which has pushed onshore 1-year forward premiums to their lowest levels in more than a decade could pressure the rupee to new lows, traders and analysts said. The one-year annualized forward premium stood at 2.91% at 0830 […]

Powell addressed Congress on Wednesday to curb inflation fears. The Fed is stuck between a rock and hard place right now as some must lose in order for the situation to improve. Not one to mince words, Sen. John Kennedy said, “We got a hell of a mess right now. You’re the most powerful man […]

Certain schools in New York City do not have the funds for basic supplies. There are children who take the subway to school as the bus will not pick them up if they live too far. Some schools cannot afford basic supplies, and children must share. Teachers frequently pay for supplies out of their own […]

A border patrol agent from Uvalde, Texas, admitted that the situation at the US-Mexico border is worse than the mainstream media is reporting. The mainstream media may cause one to believe that a few desperate people in search of the American dream are crossing the border throughout the week. In reality, THOUSANDS of undocumented immigrants […]

The Biden Administration reiterated that its $1.9 trillion 2021 American Rescue Plan awarded “resilience” to the US economy. The remarks come after the plan, and the administration’s overall spending came under harsh criticism from economists on both sides of the political spectrum. Senior advisor Gene Sperling stated that the plan would actually help to bring […]

ASIA: US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden had asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump to combat the current high inflation. Biden has said he is considering removing some of the tariffs […]

Former Brazilian President Luiz Inácio Lula da Silva (r. 2003–2010) will run against President Jair Bolsonaro this October. The former president was recently cleared of corruption charges after being convicted of money laundering and corruption whereby he was sentenced to nine and a half years behind bars before it was later extended to 12 years. […]

The European Central Bank (ECB) has a major crisis beginning. The free markets always win, and the spreads on the interest rates among the member of the EU are widening for Greece and Italy. Fools are telling Lagarde to use stronger language to signal that divergences among the member states will not be allowed to […]

  The Canadian National Post has reported on the rising concern that the World Economic Forum is making all the calls as to what the Canadian government should do. They admitted that this question has “gained remarkable currency among Canadian[s]” particularly since the events of the Freedom Convoy. While they concluded that the WEF is […]

A large portion of the youth can no longer afford to live on their own. A new survey found that around 40% of parents in the US currently have an adult child still living at home. An additional 25% reported that their adult child temporarily lived with them but has since moved out. Of the […]