The first part is done for Biden’s massive spending program. The first package of $1 trillion has been approved and is now on the president’s desk for signature. This package is an infrastructure package that involves the renovation of roads, bridges, airports, 5G expansion, and the power grid, among other things. The second part, the […]
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According to the FAO, world food prices have risen to their highest level in 10 years this October. The factor causing food prices to skyrocket is rising inflation and shortages of goods. This was revealed by the publication of the monthly World Food Price Index by the Food and Agriculture Organization of the United Nations
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High inflation, rising prices, and empty supermarket shelves have been the main topic for weeks. Many are even talking about stagflation, which, according to the data, seems to be a conclusive term at the moment. What factors are slowing economic growth at the moment? Supply Chain Disruption Supply chain difficulties have led to empty supermarket
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Surprise – inflation is here to stay. Probably few people are surprised about this by now. The Chairman of the Federal Reserve has admitted this week that inflation will accompany us higher and longer. His choice of words has now changed from transitory to frustrating. The U.S. Consumer Price Index (CPI) with which one would
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Federal Reserve Chairman Jerome Powell will have to tell Congress that inflation will remain higher than expected for longer. This will probably make true what some investors have been saying for some time, that inflation is here to stay. How long longer means Powell continues to push on the labor market figures and post COVID
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Gold prices managed to crack the $1800 mark late this evening Asia time (GMT+7), following the release of U.S. Consumer Price Index (CPI) figures. The silver price slipped back below the $24 mark. Gold prices rose 0.69% to $1807 per ounce. This allowed gold to regain the important $1800 mark. The silver price increased by
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Energy prices in Europe have reached record highs this year. Europe’s benchmark French baseload power now reaches €100.4 per MWh. Another example from Germany, Europe’s largest economy reached €96.43 per MWh. The reasons for rising prices are likely a mix of factors. One reason is gas prices, which have more than doubled since the start
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Inflation on the rise Inflation has taken on more than alarming features in large parts of the world since the beginning of the year. Inflation figures from the U.S. have already risen to over 5%. In the EU, the inflation rate has already reached 3.9%. Plenty of reason to worry, as the purchasing power of
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The gold price has recovered impressively since the last price drop and is again scratching the $1800 mark. Rising COVID fears in the largest economies, the U.S. and China are tempting many investors to seek a safe haven. In China, falling retail sales and falling production figures are causing fears of a repeat of last
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