Foreign Affairs
Related: About this forumEurope Pulls DEADLY Trigger - ECB Hikes, Japan Pulls $2.2T, World Bank Warns, USA PANICS - House of El
🏦 The European Central Bank raised rates to 2.25% as energy-driven inflation spreads through Europe.
🇯🇵 The Bank of Japan is expected to hike to 1%, accelerating the return of Japanese capital from US markets.
📈 US producer price inflation is running far above consumer inflation, creating a delayed cost shock for households.
🛢️ Oil above $110 is turning the Iran war into a global inflation engine.
🌍 The World Bank now forecasts the weakest global growth since 2020.
💵 Any move to seize frozen Iranian assets could deepen the shift away from dollar-based reserves.
⚠️ The prediction: US consumer inflation breaches 5% by August as producer costs finally pass through.
multigraincracker
(38,252 posts)Sold all of my stocks in the last year and a half. Put the cash in a Money Market account tied to the rate of inflation. Had to pay some capital gains, but still came out way ahead.
When the Dems get back in Ill try to figure out some winners. I did that last time and bought a bunch of Ford stock and made a killing when it came back.
Im old and both the wife and I are retired. Not worried about making a bunch, just thinking about enjoying some travel.
Have no interest payments and right now my interest can pay all of my bills so we can afford it.
bucolic_frolic
(56,215 posts)Thanks 2naSalit that is one meaty European report and jives with many vids I caught these months.
I dumped my Japan Fund in late May, with a unspectacular but solid return, and not looking back on it.
Wait until they find out AI will never be a gusher.
Lovie777
(24,221 posts)meat prizes are sky high, utilitiy bills have increased.
bucolic_frolic
(56,215 posts)liberalla
(11,284 posts)Things are getting real _______ !
Fill in the blank...