US Banks lose a TRILLION dollars in deposits, replace with borrowings
The first bad news is that 50% of the US banks have more liabilities than assets. But here comes more… One may say now that deposits are liabilities as well…
Africa’s First Test Run For A CBDC has Failed
BY TYLER DURDEN TUESDAY, MAY 23, 2023 – 11:30 AM Authored by Martin Armstrong via ArmstrongEconomics.com The transition to CBDC in Nigeria did not go as planned. The elites always…
Global luxury home prices fall for first time since 2009
Global luxury home prices fell in Q1 2023 for the first time since the financial crisis, according to real estate consultancy Knight Frank, Bloomberg reported. The price index for luxury…
US ‘addiction to war’ led to its debt crisis: Academic
The way to reign in the persisting US debt crisis is to “stop America’s wars of choice and slash its military outlays,” a US-based author-academic and former United Nations official…
Food inflation in the European Union for April 2022 – April 2023 Top down:
Sugar Cheese and cottage cheese Fresh milk Eggs Potato Bread Vegetables Meat Fruits