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2022-08-29 20:41:19 Central bankers sing in harmony, but stocks don’t like what they hear

Equity markets have, at last, started listening to central bank policymakers, now increasingly singing from the same hymn sheet, but stocks don’t like the tune.

Fed Chair Jerome Powell said on Friday the U.S. central bank will continue to raise rates to curtail inflation even as those rate increases cause pain for households and business.

In time with Powell, European Central Bank board member Isabel Schnabel said on Saturday, central banks around the world risk losing public trust and must now act forcefully to combat inflation, even if that drags their economies into a recession.

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2022-08-29 20:37:20 Which US States Are The Best To Do Business In?

A CNBC analysis that examined 88 variables across 10 major categories has found out which US states are the best to do business in, with North Carolina topping the ranking.

Although the United States is frequently cited as one of the best countries to launch a business, the ease of doing business varies from state to state. Starting a business involves numerous factors, including the workforce that is available, the state of the local infrastructure, access to investors, a business-friendly culture, etc.

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2022-08-28 22:36:52 Market Strategist Expects Stock Market to Drop 50% From Here, Says There's 'Going to Be No Middle Class Left'

Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide lower, edging toward “extreme fear.” Furthermore, the chief strategist at bubbatrading.com, Todd ‘Bubba’ Horwitz, explains that the Federal Reserve raising rates during a recession will wreak havoc on what’s left of America’s middle class.

[Biden’s] administration is looking to get the Great Reset. There is going to be no middle class left.

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2022-08-28 22:34:56 Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’

On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary hinted that the Fed won’t hit the brakes on monetary tightening until inflation is tamed.

At some point, as the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.

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2022-08-28 22:33:45 ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation

According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During her interview with Madame Figaro, Lagarde stressed that people need to take into account that “climate disasters” affect price stability a great deal.

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2022-08-27 23:30:08 ‘There’s no Fed pivot’: Wall Street finally gets the message as stocks swoon after Powell speech

Federal Reserve Chairman Jerome Powell’s brief, but blunt Jackson Hole speech on Friday sparked a sharp selloff in stocks and other financial assets as Wall Street reacted to his vow to bring inflation back down to the central bank’s 2% goal.

“Reducing inflation is likely to require a sustained period of below-trend growth,” said Powell in a highly anticipated speech at this year’s Jackson Hole economic policy symposium on Friday.

“While higher interest rates slower growth and softer labor market conditions will bring down inflation,” he added. “They will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation, but a failure to restore price stability would mean for greater pain.”

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2022-08-26 18:49:43 Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor

No privacy. No property. No prosperity. If you follow the news, you’ve seen the trend — putting legal limits on cash transactions, the emergence of surveillance-oriented, central bank digital currencies (CBDCs), and more recently, crypto mixing platform Tornado Cash being sanctioned by the United States Treasury. There is a new wave of propaganda increasingly demonizing individual financial privacy and “private” cryptocurrencies and protocols. You’ve likely experienced the dystopian push in your own life, as banks and financial institutions demand more and more sensitive, personal information, and freeze your hard-earned money while telling you to prove you are not a criminal or terrorist before you may access it.

World Economic Frustration

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2022-08-23 18:53:22 Hurtling Towards Recession

After the latest data confirmed fears about a runaway rise in euro zone consumer prices, will business activity spring a double whammy?

While European Central Bank board member Isabel Schnabel did not rule out a technical recession in the 19-country block in a Reuters interview last week, euro zone flash PMIs will be watched closely this week for recession risks.

High energy prices and shortages are already piling pressure on euro zone businesses.

Gas prices in Europe are already near five-month highs. Europe is racing to refuel ahead of winter.

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2022-08-21 23:01:38 World Economic at a Glance

The World Economic View in real-time information services by ATAF is the web-based source that covers the global economy and financial markets around the clock. The service provides real-time analysis of key economic and financial market developments along with leading indicators, forecasts, and analyses of the global economy. ATAF's World Economy at a Glance provides its users with Economic Market Data and enable them an easy access to thousands of economic indicators, analysis of economic events, trends, risks, and real-time charts of The Top Economies in the World.

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2022-08-21 22:30:36 US Inflation Decline 'Only Temporary' and on 'Recession'

Gold bug and economist Peter Schiff has warned that the seeming ease in inflation for the United States economy is nothing to get too excited about, as Shark Tank star billionaire Mark Cuban is facing a class action lawsuit for allegedly promoting a “massive Ponzi scheme.” In other news, JPMorgan CEO Jamie Dimon thinks “something worse” than a recession could be coming, and popular play-to-earn (P2E) blockchain game Axie Infinity hits $4B in sales and announces the removal of SLP rewards from classic mode.

“America is going to be a much bigger crisis when the defaults start.”

“Something worse than a recession."

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