The US Treasury market hit a record high in July, surpassing $25 trillion for the first time in its history. This has been reached as the US government continues to borrow to fund its operations and fiscal stimulus. Treasury bills, short-term bills, and bonds outstanding rose about 1% in July to a record $25.137 trillion,…
MKUltra Declassified – Recently declassified files have revealed shocking human experiments conducted during the notorious CIA Mind Control Program, MKULTRA.
In 2050, the world’s five largest economies will be China, the US, India, Indonesia, and Germany. Indonesia is expected to replace Brazil and Russia among the list of largest emerging markets over this time frame. China will surpass the US as the world’s largest economy around 2035. Over the past few decades, a significant theme…
The decision to downgrade US credit rating from AAA to AA+ reflects how increasing political polarization and recurrent standoffs in Washington over spending and taxes may eventually burden US taxpayers. Over time, a lower credit rating could lead to higher borrowing costs for the US government.
The results of the June 2023 survey conducted by the RV Industry Association reveal a significant decline in total RV shipments. The month ended with 24,095 units shipped, showing a considerable decrease of 46.4% compared to June 2022 when 44,942 units were shipped. The overall trend for RV shipments this year has been on a…
Russia’s invasion of Ukraine prompted a shift in energy cooperation with African countries, once considered a priority for future upstream investment. Western sanctions have increased the importance of alternative energy partners and markets, including Africa, for Russia. Following the visits of several Russian delegations to African countries to discuss increased cooperation since the outbreak of…
In May 2023, transborder freight between the United States and its North American neighbors, Canada and Mexico, experienced a notable dip across various transportation modes. A comprehensive report released by the Department of Transportation highlights key insights, revealing how total transborder freight valued at $136.2 billion moved across borders through different transportation channels. The movement…
The recent experience of the Federal Reserve dealing with high inflation should serve as a cautionary tale for the Bank of Japan, urging them to be careful in their desire for higher inflation. The Bank of Japan faces a crucial moment in its monetary policy as it tries to avoid falling below its 2% inflation…
Community Banks to Face Margin and Earnings Pressures in 2023 – Rising Rates and Liquidity Crunch Shift the Landscape for US Banks – In the past months, a combination of swift rate increases and liquidity challenges has affected several banks, leading to major failures. This has created a heightened demand for deposits among US banks….
The amount of distress in the U.S. Commercial Real Estate increased to USD 71.8 billion during the middle of the year, marking the fourth consecutive quarter of growth. Distress refers to financially troubled assets and properties taken back by lenders. In the last quarter, distress exceeded property owner and lender workouts by approximately USD 8…