marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economic crisis
04/28/2022
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By Arsenio Toledo
IMF director ADMITS world’s central banks “printed too much money”
The director of the International Monetary Fund (IMF) slipped up and admitted that the world’s central banks may have printed too much money and did not think of the consequences. “I think we are not paying sufficient attention to the law of unintended consequences,” said Kristalina Georgieva, who has led the IMF as its chair and managing director since […]
04/19/2022
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By Mary Villareal
Meat producers react as Biden issues emergency waiver that allows selling gasoline with 15% ethanol
President Joe Biden issued an emergency waiver that allows gasoline stations nationwide to sell gasoline with 15 percent ethanol. With the record-high prices and soaring levels not seen since 1981, Biden effectively paused a federal environmental regulation that prohibits this biofuel mixture in the summer to limit smog. Biden’s action, however, could lead to higher meat […]
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
04/15/2022
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By Arsenio Toledo
Prices of wholesale goods in Germany post largest annual increase in 60 years
Germany’s year-over-year wholesale prices for March surged, with the country experiencing its biggest increase since wholesale price indexes were first calculated 60 years ago. This is according to the German Federal Statistics Office, known as Destatis, which recently released a report showing that wholesale prices of food, fuel and minerals increased by 22.6 percent in March […]
04/14/2022
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By Arsenio Toledo
Inflation surges by 8.5% to 40-year high, disproving White House claims it wouldn’t go higher than 2.2%
Despite the predictions of the White House that runaway inflation is on its way down, the latest report from President Joe Biden’s own Department of Labor shows that year-over-year inflation has surged to a new forty-year high of 8.5 percent in March. The consumer price index (CPI), which measures how much consumers pay for goods and services, last […]
03/23/2022
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By Arsenio Toledo
Production costs in Germany rise by record-breaking 25.9% due to ongoing energy crisis
German producers reported a record-breaking rise in factory gate costs of 25.9 percent year-on-year for February, pushed upward mainly due to the ongoing energy crisis caused by Germany’s green policies and the war in Ukraine. This data is according to the Federal Statistics Office, a German federal authority responsible for collecting statistical information. The office added that […]
03/22/2022
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By Arsenio Toledo
China’s Evergrande indefinitely suspended from trading in Hong Kong Stock Exchange
The Hong Kong Stocks Exchange (HKSE) just suspended trading in shares for Evergrande, China’s largest property developer and one of the world’s most indebted corporations. China Evergrande Group has become quite notorious in recent months due to its financial troubles, which could have debilitating effects on the global economy. (Related: On the brink of economic […]
03/20/2022
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By Arsenio Toledo
Oil prices continue to surge amid fears of approaching supply crisis
The price of oil worldwide surged once again on Thursday, March 17, after the International Energy Agency (IEA) warned that the world could experience a massive shortage in the global oil supply by next month. According to the IEA, Russian oil production could shrink by nearly three million barrels per day (bpd) while Russian oil exports could fall […]
03/08/2022
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By Arsenio Toledo
US crude oil surges to 13-year high of $130 a barrel as Russia-Ukraine war escalates
As oil buyers and investors race to replace Russian crude oil, its price has surged to a 13-year high of $130 a barrel. Right around when the Russian invasion of Ukraine began, the price of oil went above $100 a barrel for the first time since 2014. Since then, the price of oil has skyrocketed even […]
03/04/2022
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By Arsenio Toledo
Oil prices surge to multi-year highs as Ukraine conflict causes ripple effect in global oil supplies
Oil prices are climbing to multi-year highs as the ongoing conflict Russia has embroiled itself in is preventing it from exporting a vast supply of crude, causing a ripple effect on global oil supplies. Russia is the second-largest producer of oil in the world. According to 2020 data from the Energy Information Administration, Russia produced over […]
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