Posted on 06/25/2023 2:29:11 AM PDT by RomanSoldier19
The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.
Despite the relentless rise in rates over the last 18 months, inflation in many top economies remains stubbornly high, while the jump in borrowing costs triggered the most serious banking collapses since the financial crisis 15 years ago.
"The global economy is at a critical juncture. Stern challenges must be addressed," Agustin Carstens, BIS general manager, said in the organisation's annual report published on Sunday.
(Excerpt) Read more at finance.yahoo.com ...
I’m so glad to be debt free.
Yaa Yes....the plan is working well.
Of course we all know it has to be global warming.
(called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation)
Oh I like where this will end up:
Stagflation
We’re pretty much there already
Me too.
And with a bumper crop garden wife was able to sock away 180+ jars and have 96% calf crop we are good for several years
This is fundamental. No way to sugar-coat it. They MUST deflate their currencies, and with the US FED still being forced to monetize the Democrats' wild spending, the deflation has to be done in the private sector, which means MAJOR downturn ahead. Except for welfare and Green Energy boondoggles, of course.
Gosh. I bet a digital currency would fix everything right up!
It wouldn’t have anything to do with continued increase in the money supply and overspending...
Just keep raising the debt ceiling. That’ll fix it !
31 trillion US debt alone. That’s pocket change..../s
Each American owes approx $100,000. That means a family of five owes half a million.
More bank collapses. I’m sure glad I just bury my treasure. Aarrrrr! Yohoho./;D
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