Market conditions are getting worse — not better — but you wouldn't know it judging by the rampant optimism among influencers.
While policymakers might be lackadaisical about government debt, they are more concerned about consumer debt. “I'm telling the American people that we're going to get control of inflation,” President Joe Biden said in a CBS interview on Sunday, prompting observers to wonder whether he was attempting to preempt this week’sof a potentially enormous, 100 basis point rate hike in the federal interest rate.
Maybe this outlook is the same as the one Elon Musk arrived at when he said in June that he had a “super bad feeling” about the economy. Other observers have issued even darker takes, including the famously debt-averseon Twitter in April. “Baby Boomer’s retirements to be stolen. $10 trillion in fake money spending ending. Government, Wall Street & Fed are thieves. Hyper-inflation Depression here. Buy gold, silver, Bitcoin before the coyote wakes up.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crude Oil Update: Supply & Demand Tug of War Continues for Brent, USD BidBrent crude oil broke down on Monday as markets brace themselves for a major central bank themed week. Get your market update from WVenketas here:
Read more »
The WHO Foundation And OurCrowd Launch $200 Million Global Health Equity FundThe Global Health Equity Fund is a $200 million unique financial-first impact venture capital investment fund.
Read more »
Harry Styles’ ‘As It Was,’ Bizarrap & Quevedo’s ‘Vol. 52’ Top Billboard Global Charts.Harry_Styles‘ “As It Was” adds a record-extending 15th week at No. 1 on the Billboard Global200 chart, while Bizarrap and PedroQuevedo‘s “Bzrp Music Sessions, Vol. 52” rebounds for a sixth week atop the Billboard Global Excl. U.S. survey.
Read more »
Fears of 'Devastating' Global Recession Grow as Central Banks Continue Rate-Hiking Frenzy\u0022Central bankers are supposed to be looking out for the economy as a whole,\u0022 wrote one observer. \u0022But at the end of the day, they have the mentality of bankers, protecting creditors.\u0022
Read more »
'I didn't want to miss it': Royal funeral on global live TVIn movie theatres and pubs, on giant screens and smartphones, people watched and pundits droned on as Queen Elizabeth II’s funeral in London flooded the airwaves live across time zones and continents.
Read more »
'I didn't want to miss it': Royal funeral on global live TVATHENS, Greece (AP) — In movie theatres and pubs, on giant screens and smartphones, people watched and pundits droned on as Queen Elizabeth II's funeral in London flooded the airwaves live across time zones and continents.
Read more »