Helping You Survive and Prosper in the Greater Depression
By: Daniel Moule Because his actions were so outrageous, perhaps it is impossible to satirize the former president of Zimbabwe, Robert Mugabe, but perhaps I can describe him. As a shout-out to all my neighbors in the Asia Pacific, let us not … [Continue reading] about The return of Mugabenomics?
Are the American people losing confidence in the banking system? According to fresh data from the Federal Reserve, total bank deposits fell to $17.530 billion for the week ending March 22, down from $17.606 trillion in the previous week. At the … [Continue reading] about Total U.S. bank deposits fall $36 billion since the beginning of March
Consumers' income growth and spending levels have slowed in the early days of 2023. Inflation, meanwhile, maintains its downward trajectory. Personal income rose 0.3 percent in February, down from 0.6 percent in January. This was slightly … [Continue reading] about Personal income, spending growth flat; Fed’s preferred inflation gauge slows in February
The Federal Reserve's emergency lending to banks appears to have slowed. For the week ending March 30, the U.S. central bank's balance sheet eased by nearly $30 billion to $8.706 trillion, down from $8.734 trillion. In the aftermath of the … [Continue reading] about Federal Reserve’s balance sheet eases as bank emergency lending slows
Is it us, or is the de-dollarization campaign kicking into overdrive? Whether it's because China sees weakness in the current administration or they just want to ditch the buck as quickly as possible, it is evident that the world is shunning the … [Continue reading] about China settles first LNG trade in yuan