First it was baby formula, now there's a tampon shortage. Tampon prices are up 10% due to the rising price of oil affecting the cost of plastic and higher cotton prices due to mask manufacturing and the war in Ukraine. A whole lot of fertilizer comes out of Ukraine and Russia. So does neon, which is used to make semiconductor chips. The chip shortage is shutting down car plants.
This is the argument for more money printing, and perhaps unlimited money printing, recently advanced by Professor Mariana Mazzucato on prime-time BBC.
Professor and economist Richard Wolff said that BRICS expansion goes hand in hand with de-dollarization and the decline of the 'US empire'.
The expansion of the BRICS group of...
AT&T has crashed as Americans can't afford to pay their phone bills. Peers Verizon and T-Mobile were also affected by this, which sent their shares lower despite second-quarter results that exceeded expectations.
Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.
The data from the most recent Africa Wealth Report shows a snapshot of wealth in Africa, with Mauritius being the richest.
According to the Buenos Aires-based consulting firm 1816 Economia & Estrategia, Argentina is on the brink of financial collapse as it has depleted all of its liquid international reserves and has reportedly spent an additional estimated $1...
With increased access to money due to monetary inflation, companies and consumers may raise demand and drive up inflation across the board. As such a gloomy future loom over us, let's take a look at the 3 different types of inflation.
The US national debt will balloon by nearly $20 trillion over the next decade under the spending outlined in President Biden’s $6.9 trillion budget proposal released on Thursday.
The World Competitiveness Ranking, published by the International Institute for Management Development (IMD), shows the world's most competitive economies, with the US falling to 9th place.
This year’s World Competitiveness Ranking, published by the International Institute...
