The global inflation crisis paired with lackluster economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found. According …
After the peak of the COVID-19 pandemic in 2020 and 2021, the accommodation sector is finally showing signs of recovery. In a 2022 survey of European accommodation providers, 70 percent of accommodation professionals indicated that the development of t…
Who believed that central banks’ financial perpetual motion machine was anything more than trickery designed to generate phantom wealth?
Note: This will be my last full commentary for 2022. I will spend the month of December on research for next year, visiting with family and taking some much needed time off. I will still be watching markets, as will all the other members of the Alhambra team and if something happens which requires me […]
Powell was determined to hold a balanced line Wednesday. And, to be sure, balanced Powell conflicts with press conference forthright hawkish Powell. Dr. Jekyll and Mr. Hyde. And markets fancy balanced Powell. He’s a cautious team player. That hawkish Powell can be a little scary:
FEEDBelow is the entire interview with SBF yesterday that had caused so much commotion. I’ve got a few thoughts of my own below the archived video.
After the deadly fire in Ürümqi, the regional capital of Xinjiang, on Thursday, November 24 – which some have attributed to the strict lockdown rules of the Chinese authorities’ ‘zero Covid’ policy – large-scale protests broke out across China. Accordi…
Greed is a powerful motivation to be an ardent believer in the central banking cult.
The oddly-now-bullish site Zerohedge keeps looking for any reason for the market to rally this morning, even if it means doubling up and recycling the same contrived reason in adjacent articles. The lying dictatorship of China isn’t going to …
Protests have erupted across mainland China against the Beijing government’s strict zero-Covid policies. Sparked by a deadly tower block fire in Urumqi, in the western region of Xinjiang, that claimed the lives of 10 people, demonstrations spread to se…