Monthly Archives: April 2023

The U.S. budget deficit is approaching $2 trillion on a 12-month rolling basis. Without the central bank – Fed and foreign – financing, it will eventually bite the financial markets hard.  And then there is the political issue of the … Continue reading →

Service inflation x/ energy services remain close to the February peak of  7.3 percent.  The Fed is watching. 

Plurilateralism refers to trade and investment negotiations between three or more countries, but fewer than all World Trade Organization (WTO)  members. Plurilaterals can occur inside the WTO, where non-signatories still receive the benefits through the most-favoured-nation requirement. – EastAsiaForum

As every major country in Latin America shifts to the left in reaction to widening inequality, capital is flying out of the region. Wealthy and, increasingly, middle-class investors are looking for a Plan B in case of more economic and political … Continue reading →

The price of a full English breakfast jumped to a new high as stubborn food price inflation makes life harder for British consumers.  The average cost of ingredients to make a traditional fry-up soared almost 23% from a year earlier … Continue reading →