World economy talk

[uls]

so much for global synchronized growth


UK economy in weakest growth since 212 - BBC News

The UK economy grew at its slowest rate since 2012 in the first quarter of the year, the Office for National Statistics (ONS) has said.

GDP growth was 0.1%, down from 0.4% in the previous quarter, driven by a sharp fall in construction output and a sluggish manufacturing sector.

[uls]

RBA can't tighten

RBA keeps cash rate on hold for 19th straight meeting | afr.com

The Reserve Bank of Australia has left official borrowing costs unchanged for a 19th straight meeting, a record run of stability, as house prices continue to fall.

Board members meeting on Tuesday left the overnight cash rate at 1.5 per cent, where it has been since August 2016.

A slowing housing market, weak inflation and soft wages growth have left the Reserve Bank with little choice but to further delay its plans to normalise monetary policy. Most economists and financial markets don't expect a rate cut before 2019.

[uls]

So much for the European growth story

Italy




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Eurozone losing momentum

[uls]

[Monseratto]

Malaysia votes out their controversially corrupt PM and replaced him with a geriatric one...




Malaysia election result 218: Who is Mahathir Mohamad, the new Prime Minister? | World | News | Express.co.uk

[chronicle]

Malaysia votes out their controversially corrupt PM and replaced him with a geriatric one...




Malaysia election result 218: Who is Mahathir Mohamad, the new Prime Minister? | World | News | Express.co.uk

No offense to oldies.
Wondering if a 92 year old man can still think critically.

He is nearly a century old.

Sent from my BLL-L22 using Tapatalk

[uls]

ANC's Michelle Ong says

[Monseratto]

Iran can still trade in Yuan...

Dollar world trade status is now a weapon of sorts by the Jewish Neocons.

Iran oil sanctions could advance China's 'petro-yuan' | Reuters

[uls]

i said it before

Trump's isolationist, protectionist, inward-looking, America-first policy will hasten the decline of the US dollar as world's most widely used currency

and incentivize the use of RMB globally

[uls]

the West uses its control over the global financial system to bully other countries

remember this? (in 2012)

SWIFT cuts off Iranian banks on EU′s orders | News | DW | 16.3.212

SWIFT cuts off Iranian banks on EU's orders

The international bank transfer company SWIFT has announced it will stop processing payments from more than two dozen Iranian banks, after the EU detailed tighter sanctions against Iran's nuclear program.

[chronicle]

ANC's Michelle Ong says

A year can make a lot of difference especially at that age. Anyway, he must have been eating healthy foods and keeping his brain exercised to avoid the ill effects of time.

Sent from my BLL-L22 using Tapatalk

[uls]

[Walter]

More like stem cell therapy ...

[uls]

i use the CRB index (among others) to track what's going on with commodities prices

i don't have to look at individual commodities

there are many commodities indices but CRB is most popular

so what is the CRB index?

Investopedia says:

Commodity Research Bureau Index (CRB)






so what's going on?

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so if you're wondering why prices of food, fuel, raw materials, construction materials, almost everything have risen

aside from the effect of TRAIN law

there

that's why

[uls]

and the weak peso

since PH imports almost everything

[uls]

at the start of the year, if you invested in a fund that tracks a broad commodity index

this is how well you did

[uls]

Italy

how to leave the euro without actually leaving the euro

a parallel currency

[uls]

so if you're wondering why prices of food, fuel, raw materials, construction materials, almost everything have risen

aside from the effect of TRAIN law

there

that's why

and the weak peso

since PH imports almost everything

[uls]

US 10Y yield breaks above 3.05%

Yes it’s a big deal