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JUST IN - Bank of England raises interest rates by 0.5% to 5%, the highest level in 15 years.
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JUST IN - Turkey’s central bank raises interest rates by 6.5% to 15%.
Turkey lira drops 3% to weakest on record.
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Turkey lira drops 3% to weakest on record.
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OMG, amazing parody song. 😂
Our Ponzi Fed system explained
🔊… (music)
Cover by jasondchen IG.
🦌 t.me/Ounce_Gold
Our Ponzi Fed system explained
🔊… (music)
Cover by jasondchen IG.
🦌 t.me/Ounce_Gold
Forwarded from The Economy News
Inflation? What Inflation? ⚠️
They need to just build this into the menu items. Not add it on the bill later. 🤨
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They need to just build this into the menu items. Not add it on the bill later. 🤨
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Forwarded from The Economy News
NEW - German IFO business climate index deteriorated substantially to 88.5 in June, more than expected.
Above all, the weakness in the manufacturing sector is steering the German economy into turbulent waters.
The promised "green miracle" does not seem to be working.
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Above all, the weakness in the manufacturing sector is steering the German economy into turbulent waters.
The promised "green miracle" does not seem to be working.
📈 t.me/TheEconomyNews
Forwarded from The Economy News
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NEW - WEF propagandist & ECB President Lagarde now claims that "climate change affects inflation, and inflation is the beast that all central bankers — whether they wear a 'green jacket' or not — want to tame and discipline" while wearing a green jacket.
Strange but in China & Russia it does not affect inflation! There is a deflation!
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Strange but in China & Russia it does not affect inflation! There is a deflation!
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Forwarded from The Economy News
NEW - Germany's central bank may need a bailout to cover losses of €650 billion on the debt it hoovered up.
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Forwarded from The Economy News
German Central Bank May Need Bailout After ECB Bond Scheme Losses: Audit Office
Germany's federal audit office, the Bundesrechnungshof, has warned that the Bundesbank may need a government bailout to cover losses incurred by the European Central Bank's bond-buying scheme. "The possible Bundesbank losses are substantial and could necessitate a recapitalisation of the [bank] with budgetary funds," says the report. The document criticises the ECB's €2.7tn ($3.2tn) public sector purchase scheme, which was launched in 2015. Purchasing masses of bonds to cut borrowing costs has long been contentious in Germany; the Bundesbank argued against such purchases in 2015 but was outvoted.
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Germany's federal audit office, the Bundesrechnungshof, has warned that the Bundesbank may need a government bailout to cover losses incurred by the European Central Bank's bond-buying scheme. "The possible Bundesbank losses are substantial and could necessitate a recapitalisation of the [bank] with budgetary funds," says the report. The document criticises the ECB's €2.7tn ($3.2tn) public sector purchase scheme, which was launched in 2015. Purchasing masses of bonds to cut borrowing costs has long been contentious in Germany; the Bundesbank argued against such purchases in 2015 but was outvoted.
📈 t.me/TheEconomyNews