The latest narrative on Wall Street is that inflation might not have peaked yet. Or, at the very least, the disinflation trend may be put on ice for the time being. With a couple of weeks until the much-anticipated February consumer price index … [Continue reading] about Peak inflation or disinflation? Cleveland Fed Nowcast points to elevated inflation
Is ESG dying? Vanguard the latest company to ditch woke investing
Is ESG dying? From state governments to financial institutions, the list of entities abandoning the woke measurement is increasing. You can add Vanguard to the chorus of banks ditching the environmental, social and governance (ESG) … [Continue reading] about Is ESG dying? Vanguard the latest company to ditch woke investing
Great Reset advocates champion rationing to save the planet
By: Graham Noble In 2020, a team of academics from the University of Leeds in the United Kingdom produced a paper, “Rationing and Climate Change Mitigation,” which argued, as the title suggests, that rationing fuel, food, and even clothes could be … [Continue reading] about Great Reset advocates champion rationing to save the planet
U.S. consumers losing confidence again in the Biden economy: CB
Americans are losing confidence in President Joe Biden's economy as inflation continues to outpace wages. The Conference Board Consumer Confidence Index (CCI) fell for the second consecutive month, coming in at 102.9 in February, down from a … [Continue reading] about U.S. consumers losing confidence again in the Biden economy: CB
Iraq ditching U.S. dollars for Chinese yuan in trade with Beijing
You can add Iraq to the list of countries at least considering dumping the U.S. dollar for the Chinese yuan. Iraq's central bank is poised to permit trade with China to be settled in yuan rather than dollars, Reuters reported. The Iraqi central … [Continue reading] about Iraq ditching U.S. dollars for Chinese yuan in trade with Beijing