South Korea announced on July 5 that it will restart construction work on two nuclear reactors and continue operating those that are already running. The move was made “in accordance with the highest decision-making procedures” of new President Yoon Suk-yeol’s administration, according to South Korea’s Ministry of Trade, Industry, and Energy. The energy ministry said that…
South Korea to Restart Construction on 2 Nuclear Reactors
July 6, 2022
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Asia & PacificBusiness & Marketseconomic policieseconomyInvestmentnuclear energyNuclear powerSouth KoreaWorldYoon Suk-yeol
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Gold Collapses to Lowest Level Since December 2021 on US Dollar Strength
July 5, 2022
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Business & Marketscommoditieseconomic policieseconomygoldinflationInvestmentMarketsrecessionUSUS News
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Gold prices are plummeting, joining the broader market meltdown on growing recession fears. August gold futures plummeted more than 2 percent to around $1,765 per ounce on the COMEX division of the New York Mercantile Exchange. This is the lowest level since December 2021. The yellow metal is down more than 3 percent over the…
Euro Zone Investor Morale Slumps on Grim Expectations: Sentix
BERLIN—Investor morale in the euro zone fell this month to its lowest level since May 2020, pointing to an “inevitable” recession in the 19-country currency bloc, a survey showed on Monday. Sentix’s index for the euro zone fell to -26.4 from -15.8 in June. A Reuters poll had pointed to a July reading of -19.9….
Biden’s SEC Reacts Negatively to Bipartisan, Pro-Market ‘Responsible Financial Innovation Act’
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), has publicly expressed concerns about new bipartisan legislation drafted by Sens. Cynthia Lummis (R-Wy.) and Kirsten Gillibrand (D-N.Y.) that would provide clarity around laws concerning the use and trade of bitcoin, stablecoin, and other cryptocurrencies, and the regulatory jurisdiction under which such commodities fall….
The Economic Growth That Never Was
Commentary In March 2019, we published an ominous special report, entitled: Why the global growth model is broken. In it, we explained a troubling phenomenon: productivity growth in the world economy had stalled in 2011 and started to decline. We first noticed this in September 2017, and the situation has remained the same ever since….
Putin’s Inflation?
Commentary I’ve been rather baffled on the rhetoric of the Biden administration concerning the current rampant inflation. In mid-June, President Joe Biden concluded that “Putin’s price hike is hitting America hard”. But is this a fair call? A first answer can be drawn from the monthly pace of annual inflation in the United States. A…
A Republic—and an Economy—If You Can Keep It
July 1, 2022
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Business & MarketsBusiness Columnistseconomic policieseconomyinflationinstitutionsInvestmentLarry SummersMarketsrecessionstocksU.S. politics
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Commentary As we commemorate the founding of the United States of America on this Fourth of July, 2022, it’s important to remember that after the founders affixed their names to the Declaration of Independence in 1776, they would face war against King George until the surrender at Yorktown in the fall of 1781. Even then,…
The Chillingly Realistic Path to Rate Cuts This Year
July 1, 2022
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Business & MarketsBusiness ColumnistsFederal ReserveinflationInvestmentMarketsOpinionrecessionViewpoints
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Commentary Consumer confidence has plummeted already. With gasoline and food prices weighing on far more than American sentiment, it’s no wonder much of the public may have come around to the idea of recession. Politicians and economists are another matter. Nothing in life—let alone the economy—is inevitable, but the entire global system may have passed…
4 Most Popular Investment Trends That You Won’t Want to Miss
By Giovanny Moreano From Bankrate.com Seasoned investors often approach the markets with a long-term view, using short- and medium-term volatility to buy into the themes they believe will pan out over many years. While identifying these trends is difficult, tuning out the noise can reveal what’s to come, possibly resulting in significant gains. As we…
Atlanta Fed Predicts Negative Second-Quarter Growth, Implying Recession Has Begun
The U.S. economy is expected to contract in the second quarter, the latest estimate from the Federal Reserve Bank of Atlanta found. According to the Atlanta Fed Bank’s GDPNow model, the economy is expected to fall 1 percent in the April-to-June period, down from the 0.3 percent projection from earlier this week. The regional central…
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