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News & Articles By Belle Carter
07/06/2023
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By Belle Carter
Expert warns CBDCs could lead economies to a dark path – where governments dictate what you can purchase
Eswar Prasad, a Cornell University professor, has warned that central bank digital currencies (CBDCs) – with their expiry dates and restrictions on “less desirable” purchases – could lead economies to a much dark path. Prasad issued the warning during the 14th Annual Meeting of the New Champions hosted by the World Economic Forum (WEF). During one of […]
06/27/2023
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By Belle Carter
South Korean convenience store rolling out vending machines that SELL GOLD
South Korean convenience store chain GS Retail is now rolling out gold bar vending machines at its locations, and they are proving to be a great hit among customers. GS Retail, with nearly 14,000 branches all over South Korea, reported that it has already sold a total of $19 million worth of gold bars in the past […]
06/18/2023
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By Belle Carter
Fed PAUSES rate hike, but warns of 2 MORE before end of the year
The Federal Reserve has paused a planned 11th rate hike, but warned of two more increases before the end of 2023. The American central bank decided against the hike on June 14, amid its scrutiny of its 10 previous rate hikes. Nevertheless, the Federal Open Market Committee (FOMC) projected two more quarter percentage hikes before […]
06/16/2023
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By Belle Carter
Bond investors warn: Brace for INEVITABLE RECESSION caused by Fed’s continued RATE HIKES
Bond investors warned that the U.S. is heading toward an inevitable recession – all thanks to the Federal Reserve’s continued interest rate hikes. The investors’ warnings contrasted with the Biden administration’s narrative of U.S. stocks returning to a bull market, the economy outperforming expectations and the threat of an economic collapse being mitigated. Sticking to […]
06/15/2023
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By Belle Carter
GREEDFLATION: Predatory corporations still raising prices for bigger revenue despite falling input costs
A recent report from consumer-advocacy group Accountable.US revealed that S&P 500 food and consumer-goods giants are still raising prices even as input costs are falling. Dubbing the measures “greedflation” in place of inflation, Accountable.US said these companies still attach their products with hefty price tags to protect what a new report calls their “cushioned corporate profits,” and doing so […]
06/13/2023
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By Belle Carter
DEBT SENTENCE: Bankruptcy haunts corporate America as interest rates soar following the end of easy money
As the era of easy money ended last year, filings for corporate bankruptcy have piled up at the fastest pace since 2010 as interest rates have become much higher and investors are getting hesitant and a little more prudent. According to S&P Global Market Intelligence data, the first two months of the year registered the […]
06/13/2023
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By Belle Carter
Calm before the storm: Treasury bills to flood market following sealed debt-ceiling deal
Following the signed debt ceiling deal, investors are preparing for a massive flood of more than $1 trillion Treasury bills that could ignite a new round of volatility and threaten the current calm in the market. As per JPMorgan analysts, Wall Street traders fear that the roughly $850 billion in bond issuance was shelved until a […]
06/13/2023
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By Belle Carter
HEAD IN THE SAND: Biden’s Labor Statistics claims job growth is strong despite economic indicators pointing to coming financial meltdown
The Bureau of Labor Statistics (BLS) released new jobs data last week claiming that seasonally adjusted total nonfarm jobs growth beat forecasts, growing by 339,000 new jobs in May. However, the data raised the eyebrows of critics as the unemployment rate rose from 3.4 percent to 3.7 percent month-over-month. Mainstream media outlets report this headline employment data […]
05/18/2023
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By Belle Carter
Misery Miles: Homeless denizens of Binford Road work multiple low-paying jobs to afford HIGH RENTS
The two-mile Binford Road in the city of Novato in California dubbed “Misery Miles” is home to many residents working up to two low-income jobs just to return to safe housing. According to the Daily Mail, some 135 motor homes, cars and shacks can be found along the stretch that can be reached via a […]
05/17/2023
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By Belle Carter
Fed survey shows BANKING CRISIS raises concerns over stability of US financial system
The latest Federal Reserve survey on major risks to the economy has found that the stress brought about by the recent troubles in the banking sector came up as a major concern among market analysts, business leaders, academics and researchers with regard to the stability of the U.S. financial system. “Despite decisive actions by the […]
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