Mexico Raises Key Interest Rate to Highest Ever as Inflation Accelerates
(Bloomberg) — Mexico’s central bank boosted its key interest rate to an all-time high after inflation hit the fastest pace in over 21 years, but...
Latin America Led World Into High-Rate Era. Now It’s Stuck There
(Bloomberg) — In the fight against pandemic inflation, Latin America led the world into a new age of tight money. Eighteen months later, there’s not...
Bank of Canada’s ‘soft landing’ scenario hits the rocks in bond market
By Fergal Smith TORONTO (Reuters) – Canada’s inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers...
Yields Soar in Australia and New Zealand as World Rethinks Slower Rate Hikes
(Bloomberg) — Australian and New Zealand bond yields surged Friday as investors around the world question expectations that central banks will take a softer approach...
The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes
China’s deflating property bubble is imperiling the world’s second-largest economy with effects that could ripple for years. Home prices are dropping in many cities after...
Goldman Sees $5 Gasoline, $130 Brent By Year End
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by...
Gold gains, set for weekly rise as U.S. yields drop
Gold headed for fourth straight weekly gain U.S. Treasury yields dip Aug 12 (Reuters) – Gold prices drifted higher on Friday helped by a drop...
Epic Collapse Is Upon Us
What’s wrong with the world? Let me count the ways… The Western gambit against Ukraine is a bust, a foolish miscalculation that was obvious from...
From Davos Without Love – True Detective or True Conspiracy
From the point of ignitionTo the final driveThe point of the journeyIs not to arriveAnything can happen — Rush, Prime Mover Sometimes I wake up...
Why the U.S. is struggling to modernize its power grid
Blackouts are growing more frequent in the United States. The average American experienced just over eight hours of power outages in 2020, with overall duration...