So many towns in England have declared BANCRUPT since last year. Birmingham, Nottingham, Woking ... and many many more. No services, no swimming pool, public libraries closed, no trash picking, no sweeping roads, .... and goverment use tax money to buy tanks, and bullets to go kill people in Ukraine and else where. These are BAD .... UK is in "cover-up" RECESSION !! BOH CHOW CCCCCCCCCCC AAAAAAAAAAAAAAAA !!🐷🐷
We are in dangerous phase Specialist Economist term this phase as COVER-UP phase Media and governments are covering up this RECESSION UK, US, half EUROPE, Australia, Canada, NZ .... China is the only country admit their economy is on the brink and doing hard work to cushioning the fall. But China limit has almost reach ..... Western media now change tune saying China economy is not as worse show the desperation of the covering up
Japan and South Korea people cannot tahan anymore. Their gov has been using their money to support US dollar Causing their currency keep depreciate to ridiculous level. The more they produce, the more poor they become. Japanese PM already announce will resign. Next, will be the South Korea President.
WTI crude oil going down went pass below $74 per barrel after declining for three straight sessions, weighed down by rise in US crude inventories. API data showed that US crude oil inventories increased by 0.347 million barrels for the week ending August 20th. China’s economic weakness also continued to weigh on the demand outlook.
Suppliers are standing-by to quickly dumps their oils stock as much as possible before price going down further.
US The Bureau of Labor Statistics will be revising the "previous" job growth number back to March this year. The number was found to be jacked-up by more than 600,000 !! US gov has been releasing a lot of FAKE number to cover-up the US "recession". BOH CHOW CCCCCCCCCCCCC AAAAAAAAAAAAAAAAAAA !! 💩💩
The number of job openings in US has fell by 237,000 to 7.673 million in July 2024 from a reaching the lowest level since January 2021 !! BOH CHOW CCCCCCCCCCCC AAAAAAAAAAAAAAAAAAAAAAA !! 💩💩
Germany Unions lash out as Volkswagen weighs possible German plant closures as "A declaration of bankruptcy" - in crisis during a very very bad times indeed. Deepest condolences to German people for letting US blow up your gas pipe. Now u have to live with it while the Chancellor Olaf getting richer. Boh Chow Cccccccccccc AAAAAAAAAAAAAAAAAAAAAA !! 💩💩
Canada’s left-wing New Democratic Party (NDP) has pulled the plug on a two-and-a-half-year-old agreement with Justin Trudeau's Liberals that had helped keep his minority government in power. Canadians showing signs of restless over the cover up recession.
Iron ore prices has plunged over 7% to $93, sinking to low level. Latest data showed that China’s manufacturing activity remained contractionary, and services sector growth slowed. Dwindling profits for Chinese steel mills. Ongoing property sector woes Industry data pointed to rising iron ore inventories
Today's new 10 Sep 2024 UK is DYING, DYING ... DEAD
1. UK government is warning of a "grim" September with up to 6,000 jobs set to be cut across the Steel and Oil refining industries.
2. Local governments across England, Scotland and Wales face a £4.3 billion ($5.6 billion) hole in their finances in the coming year. That could force cuts to jobs and vital services, such as rubbish collection. Unison, the largest trade union, warned that, without additional emergency funding to plug the projected shortfall in the 2025-26 financial year, “there is a serious risk of the widespread collapse of local government.”
3. Up to 1,750 offenders are spending their last night in prison before being released under the Ministry of Justice’s emergency plan to ease the overcrowding crisis in jails. Releases are due to begin on Tuesday morning as governors unlock cells under the plan to free up 5,500 beds.
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Posted by leno > 2024-08-16 10:47 | Report Abuse
Bank Lending Rate :
- New Zealand : 12.6% !!
- Australia : 10.8% !!
- UK : 6.25% !
- US : 8.5% !!
Meanwhile
saving interest rate
Japan : 0.25%
Japan Gov take japanese ppl money to lend to US and pay Japanese a meagre 0.25%
causing Yen to depreciate so badly, and making import expensive.
😶😶