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News & Articles By Belle Carter
09/28/2022
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By Belle Carter
Luxury home sales suffer biggest decline in 10 years, real estate firm reports
A recent report by real-estate brokerage Redfin marked a huge decline of 28.1 percent in sales of U.S. luxury homes in the three months ending Aug. 31 compared to the same period last year. Redfin’s records showed that this has been the biggest decline since at least 2012 when the company’s records began. The fall […]
09/28/2022
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By Belle Carter
WSJ journalist slammed for her “optimistic” view of the Fed giving up fight against inflation
Wolf Street founder and publisher Wolf Richter blasted Nomi Prins of the Wall Street Journal (WSJ) for her “optimistic” analysis of the Federal Reserve pivoting and surrendering in its fight against inflation. Prins, an author and journalist, said she expects the Fed to begin reversing course and becoming accommodating – given that the the U.S. already […]
09/27/2022
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By Belle Carter
The tide has turned: Shipping lines no longer interested in renting container vessels
Rates for container ship rentals are now in a nosedive, as per freight indexes. The cost of transporting goods in containers has steadily declined since reaching its highest point before the end of 2021. “What is astonishing is how quickly the market appears to turn,” ship brokerage Braemar said. “Only some weeks ago, charter rates appeared […]
09/23/2022
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By Belle Carter
Walmart, major US retailers are canceling orders as consumer demand plunges
Walmart, Target and other major U.S. retailers are canceling billions of dollars in orders ahead of the coming holiday season as part of their aggressive actions to manage inventory excesses that have accumulated in the last few quarters. Analysts say this is a replay of a strategy used at the start of the Wuhan coronavirus […]
09/23/2022
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By Belle Carter
Lockdown aftermath: Chinese copper giant hits liquidity crisis
One of China’s most influential commodities traders has recently asked for government and financial institutions’ help after liquidity issues hit him hard. He Jinbi, founder and chairman of Xi’an Maike Metals International Ltd., is now suffering a liquidity crisis, and his empire is under threat. The company handles a million tons of copper a year, amounting to a […]
09/22/2022
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By Belle Carter
HRR Situation Update: US has a zombie economy where the Fed prints money and hands it to people
For Health Ranger Mike Adams, the American economy in its current state is just a zombie economy. Consumer demand is collapsing, and individuals and businesses alike are being driven by stimulus money or funds given by the government to keep the economy going. “It’s a zombie stock market. It’s a reanimated financial zombie. It is […]
09/21/2022
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By Belle Carter
Fox News reporter interrupts Biden’s Inflation Reduction Act speech to give live REALITY CHECK
Viewers were given a reality check when a mainstream broadcaster interrupted President Joe Biden’s Sept. 13 speech celebrating the passing of his Inflation Reduction Act (IRA). During the speech, Fox News anchor Neil Cavuto cut off the White House’s stream. He then came on the screen to point out that the stock market was “tanking” […]
09/21/2022
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By Belle Carter
Inflation in Argentina up almost 79% in August, virtually guaranteeing another interest rate hike
The annual inflation in Argentina went up 78.5 percent in August, virtually guaranteeing another interest rate hike by the country’s central bank. Business news outlet Bloomberg said the surge was faster than the 78.2 percent median estimate from analysts and marked a new three-decade high, according to government data. Consumer prices soared seven percent from one […]
09/16/2022
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By Belle Carter
63% of small business are now on hiring freeze, 10% laying off employees
The demand for labor in small businesses in the U.S. hit record-low in August as 63 percent are now putting their hiring on hold because they can’t afford to augment their workforce. Also, 10 percent of small businesses laid off employees last month. These numbers were based from a recent Alignable Research Center poll. For comparison, […]
09/14/2022
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By Belle Carter
Gregory Mannarino: Financial system meltdown begins as engineered liquidity dries up in the market
Finance expert and full-time capital markets trader Gregory Mannarino warned that engineered liquidity is drying up in the market. Given this, he called on his followers to start preparing for the massive “economic collapse.” “I have been saying for 10 years at one point, a meltdown in the debt market is going to occur. You […]
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