Look Who’s Spreading Disinformation On Ukraine
Look Who’s Spreading Disinformation On Ukraine Authored by Dave Lindorff via Counterpunch.org, ‘Black kettle’ Tony Blinken’ accused Russia of spreading propaganda to mislead the Americans and Europeans, while hiding US decision to escalate the confrontation in Ukraine Last week, US Secretary of State Antony Blinken, during a set of whirlwind meetings in several European NATO […]
NATO Kicks Off Massive Baltic Drills As Biden Affirms US Weapons ‘Now Being Used Inside Russia’
NATO Kicks Off Massive Baltic Drills As Biden Affirms US Weapons ‘Now Being Used Inside Russia’ In the shadow of the Russia-Ukraine war, and right next door, NATO has kicked off its massive annual military exercises in the Baltic Sea. “Baltic Operations 24” is about to be in full swing, kicking off formally on Friday, […]
The Most Delusional Paul Krugman Headline in the History of Delusional Paul Krugman Headlines
The Most Delusional Paul Krugman Headline in the History of Delusional Paul Krugman Headlines Authored by Stephen Kruiser via PJMedia.com, Longtime readers of mine are familiar with my overwhelming disdain for Paul Krugman, the Opinion section ultra-hack at The New York Times. I’ve lost count of how many columns I’ve written about this partisan lapdog. […]
Political Prisoner: Steve Bannon Ordered To Serve Four Month Sentence For Defying Subpoenas
Political Prisoner: Steve Bannon Ordered To Serve Four Month Sentence For Defying Subpoenas Former Trump adviser Steve Bannon was ordered to report to prison on July 1 to begin a four-month prison sentence for defying subpoenas from the Jan. 6 Committee. Yes, the same committee that concealed key testimony, more than once. Steve Bannon, ex-adviser […]
Saudi Arabia Joins China-Led CBDC Project for Cross-Border Trade
Saudi Arabia has joined Project mBridge, a central bank digital currency (CBDC) cross-border trial led by China and supported by the Bank for International Settlements (BIS). This project, which includes central banks from China, Hong Kong, Thailand, and the UAE, aims to facilitate cross-border transactions and reduce reliance on the U.S. dollar in global oil […]
Opinion: Fed Should Cut Interest Rates to Avoid Economic Harm
It’s time for the Federal Reserve to cut interest rates, having effectively cooled inflation through aggressive hikes. Persistently high rates are based on a flawed understanding of homeownership costs, which risks unnecessary economic harm. Inflation, measured by the personal consumption expenditures (PCE) deflator, peaked over 7% two years ago and has since fallen below 3%, […]
Global PMI Data Shows Persistent Price Inflation in May
Global PMI data for May indicates a slight increase in the average prices charged for goods and services, driven by persistent price hikes in services and accelerating manufacturing costs. While Europe shows signs of cooling inflation, the U.S. data aligns with the Fed’s target inflation levels. The PMI Prices Charged Index rose marginally to 53.3, […]
ECB Lowers Rates for First Time Since 2019 Amid Inflation Concerns
The European Central Bank (ECB) cut interest rates for the first time since 2019, reducing the key rate from 4% to 3.75% amid persistent inflation in the eurozone. This decision, influenced by updated inflation forecasts and the strength of monetary policy transmission, follows nine months of steady rates. The ECB also raised its inflation outlook […]
SocGen Identifies 3 Key Indicators of Approaching U.S. Recession
Société Générale warns that the U.S. economy is nearing a recession, citing three key signs observed in the past week: reduced economic growth expectations, slowed manufacturing activity, and declining inflation measures. Despite some optimism for a soft landing, the bank’s chief global strategist, Albert Edwards, highlights these red flags as indicators of an impending downturn.
Gold Gains on Fed Rate Cut Hopes; Copper Prices Rebound
Gold prices surged in Asian trade on Thursday, driven by weak economic data that bolstered expectations of Federal Reserve rate cuts, which weakened the dollar. Traders are optimistic about global monetary easing, with rate cuts expected from the Bank of Canada and the European Central Bank. Spot gold rose 0.6% to $2,370.40 an ounce, while […]