Russia is continuing to push getting paid in non dollars, and this seems to be expanding.
My guess this will impact Europe. Germany is continuing to de-industrialize. Niger’s de-coupling from France economically is eventually going to impact France.
China is having economic issues. This will decrease European exports to China.
Russia is continuing to push getting paid in non dollars, and this seems to be expanding.
My guess this will impact Europe. Germany is continuing to de-industrialize. Niger’s de-coupling from France economically is eventually going to impact France.
China is having economic issues. This will decrease European exports to China.
Gas / Oil is staying high, and with the strategic oil reserve at 50%, the us can’t use it to keep oil prices depressed.
Commercial real estate (offices and retail) in the us is a ticking time bomb that is getting worse.
I don’t think with all this going on, Yellen and the Biden Administration can keep the economy inflated for much longer. They want to push the mess past the 2024 election. And my bet is U.S. interest rates won’t be cut by Powell soon. Unless Powell want huge inflation, they can’t be cut.
The above could also be part of what is driving the new covid variant, as a scapegoat for the economy.
France is saying government is illegitimate, but has issues projecting power. Other Western aligned countries are threatening, but no action. So Niger asked French ambassador to leave.
I’m surprised Syria is so quiet. US just said will be there for years. My guess Iran is waiting for the check to clear.
Not so much. I saw yesterday that Niger has demanded the French and US ambassadors leave. I also saw something just this morning, but lost track, that Algeria says it will help Niger if Niger is attacked (presumably by ECOWAS).
Russia is continuing to push getting paid in non dollars, and this seems to be expanding.
My guess this will impact Europe. Germany is continuing to de-industrialize. Niger’s de-coupling from France economically is eventually going to impact France.
China is having economic issues. This will decrease European exports to China.
Gas / Oil is staying high, and with the strategic oil reserve at 50%, the us can’t use it to keep oil prices depressed.
Commercial real estate (offices and retail) in the us is a ticking time bomb that is getting worse.
I don’t think with all this going on, Yellen and the Biden Administration can keep the economy inflated for much longer. They want to push the mess past the 2024 election. And my bet is U.S. interest rates won’t be cut by Powell soon. Unless Powell want huge inflation, they can’t be cut.
The above could also be part of what is driving the new covid variant, as a scapegoat for the economy.
I wonder what's happening about Niger? It's all gone quiet.
France is saying government is illegitimate, but has issues projecting power. Other Western aligned countries are threatening, but no action. So Niger asked French ambassador to leave.
I’m surprised Syria is so quiet. US just said will be there for years. My guess Iran is waiting for the check to clear.
https://www.zerohedge.com/geopolitical/frances-ambassador-ordered-leave-niger-paris-responds-putschists-have-no-authority
Not so much. I saw yesterday that Niger has demanded the French and US ambassadors leave. I also saw something just this morning, but lost track, that Algeria says it will help Niger if Niger is attacked (presumably by ECOWAS).