Volcker Shock News Today

We live in very interesting (economic) times.

As WikiLeaks famously showed, Nicolas Sarkozy’s involvement in the imperial attack on Libya rested on the fear that Muammar Gaddafi, the revolutionary hero of the country, would replace France as French-speaking Africa’s dominant power and replace the CFA franc system with a system based on the gold dinar. This would have not only destroyed most French influence in Africa, but it would also have made the French bourgeoisie suffer a heavy blow

Higher interest rates won't lower inflation.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

After years of accommodative monetary policy, the spike in inflation caused by the pandemic has continued to persist.

Across the US, job cuts were up 15 percent month-to-month and a whopping 319 percent year-on-year in March.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The weekend before the latest inflation figures were released, the United Auto Workers rammed through a contract at Caterpillar containing a cut in real wages of up to 20 percent by 2029.

Desai and Hudson debunk widely-believed, finance-and-elite-serving myths about inflation.

Geopolitical risks and inflationary pressures may have overtaken ESG as the top concerns for the mining & metals sector, but there is little expectation that ESG factors will diminish...