Danish and Swedish authorities are investigating unexplained leaks of gas in the sea from both Nord Stream 1 and Nord Stream 2 pipelines from Russia to Germany—leaks that Germany suspects could be the result of sabotage, while Russia says sabotage cannot be ruled out right now. Both Nord Stream 1 and 2 are currently …
Continue reading “Sabotage Suspected At Russia’s Nord Stream Gas Pipelines”
Crude oil prices slipped to a nine-month low on Monday, as geopolitical uncertainties seemingly disrupt the supply of the commodity to the global markets. The prices of crude have dropped to their fresh lows since January of this year. West Texas Intermediate (WTI) for settlements in November dropped by 2.10% at 12:35 pm ET to …
When the chief executive of Aramco said earlier this week that years of underinvestment had damaged the balance between supply and demand in the oil market, it should have been a wake-up call to those in decision-making positions. Instead, the secretary-general of the UN bashed the oil industry once again for “feasting” on record-high profits …
NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead. Wall Street banks are adjusting their forecasts to account for a Federal Reserve that shows no evidence of letting up, signaling more tightening ahead to fight inflation after another …
Continue reading “Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end”
““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell.The longtime market …
LONDON (Reuters) -Former Russian president Dmitry Medvedev said on Thursday that any weapons in Moscow’s arsenal, including strategic nuclear weapons, could be used to defend territories incorporated in Russia from Ukraine. Medvedev, deputy chairman of Russia’s Security Council, said that referendums being organised by Russian-installed and separatist authorities in large swathes of Russian-occupied Ukrainian territory …
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https://youtu.be/e1lLZ2wGvHc Consumer confidence in the eurozone declined in September amid concerns about increased costs of living and slowdown of the economy, falling to its lowest level on record. The European Commission said Thursday that its measure of consumer confidence in the region fell to minus 28.8 from a revised reading of minus 25.0 in August. …
Worldwide, stocks have been weak.[i] In US dollars, global stocks are in a bear market—a typically long decline exceeding -20% from a high.[ii] Historical research shows bull markets are born on pessimism. Recent surveys suggest bearishness is at an extreme. Bank of America’s (BofA) global fund manager survey, showed broad bearishness in September.[iii] The latest …
Continue reading “Leading Indicates are the most Bearish EVER….”
Putin announces partial mobilisation Warns West over ‘nuclear blackmail’ Says Russia will use all means to defend itself This is not a bluff, says Putin Russia moves to annex swathes of Ukrainian territory LONDON, Sept 21 (Reuters) – President Vladimir Putin on Wednesday ordered Russia’s first mobilisation since World War Two and backed a plan …
Continue reading “Putin escalates Ukraine war, issues nuclear threat to West”
The Federal Reserve is widely expected this week to raise its benchmark interest rate by 0.75 percentage points in an effort to slow the economy as a way to cool inflation. “What the Fed was doing earlier this year was taking its foot off the gas pedal,” said Carl Riccadonna, chief U.S. economist at BNP …