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Inflation

so who started that economic warfare ?? ( hint start researching circa 2014 )

and guess what , Russia still has plenty of gas left in the tank ( puns intended )

second hint the EU is NOT united ( you have the Basque regions and Cyprus as two stand-out examples , and you could add Northern Ireland as a bonus choice )
 
T
sorry the Russians have started grains ( and sunflower oil ) for rubles as well , might be back to French cuisine for the whole of Europe

Yes interestingly there are already calls from the UN world food programme to ease sanctions on Russia in exchange for grain so that nations dependent on these exports don't starve (Middle East spring anyone?)
 
Yes interestingly there are already calls from the UN world food programme to ease sanctions on Russia in exchange for grain so that nations dependent on these exports don't starve (Middle East spring anyone?)

Where did you see that?

The G7 are of a different opinion

G7 Statement on Global Food Security, Elmau, 28 June 2022

 


Accurate. Bounce in oil price and then a levelling out = bounce in interest rates before a levelling out and/or drop.

Remember that inflation is only compared to the year prior. 20% inflation in one year and then a levelling out would mean 0% the next year. Broken system but it is what it is.
 
T


Yes interestingly there are already calls from the UN world food programme to ease sanctions on Russia in exchange for grain so that nations dependent on these exports don't starve (Middle East spring anyone?)
Russia has already had a meeting with an African delegation ( apparently cordial ) however Europe can now pay in rubles ( i still think they should offer a gold payment option )
 
AUD getting smashed. Euro markets dumping hard following PMI release. US markets shaping up to be heading in the same direction.

Corporate earnings aren't even out yet... ??

I'll be watching BTC action. Seems to be the leading the markets when risk gets dumped.
 
I'm noticing the word "strike" is starting to appear in the news rather often....

Oil and gas on strike in Norway: https://edition.cnn.com/2022/07/05/...rope-energy-crisis?utm_source=business_ribbon

Garbage collection in Adelaide: https://bigrigs.com.au/index.php/20...vers-to-strike-for-better-pay-and-scheduling/

Train strikes in Sydney: https://www.news.com.au/national/ns...d/news-story/bb0cfb3bc88f7ae59f9fa1d792e606eb

Train strikes in the UK recently too: https://www.bbc.com/news/business-61634959

Welcome to the 1970's
 
Sad about what's coming, not your posting @Smurf1976.
And danish cheese will get dearesr.. Danemark now forcing its farms to close. I see that as another step into the Reset but it is to reduce nitrogen pollution...herds have to halve..if they say so...
Tell that to Sri Lankans
 
the published opinions are about a recession ( as if we haven't been in one for months )

i will be watching gold ( and selected gold miners ) today
 
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