When Abe launched his administration with bold promises to shake Japan from its deflationary torpor, consumer sentiment surged and shoppers splashed out on big-ticket items. But now, opinion polls show a majority of voters are losing faith in “Abenomics”, as well as in the BOJ’s radical monetary stimulus, and consumer sentiment is weakening.
The crisis in Venezuela is worsening everyday due in part to shortages reaching 70 percent. This to go along with the world’s highest level of inflation.
Bond rating agencies are keeping an eye on the city’s precarious finances. Specifically, they want to see whether Gov. Bruce Rauner signs a bill that would stretch out the required contributions to police and fire pension funds, Brown said. If the governor doesn’t, the city would have to come up with $220 million before the year is out and more than $1 billion over the next four years.
The IMF’s push to lock in low interest rates for Greece for decades to come is hard for the eurozone to digest. The bloc’s bailout vehicles, such as the European Stability Mechanism, would then need subsidies from national budgets to cover a part of their own funding costs. IMF staff “like solutions that imply budgetary transfers,” said a European official.
Today, with Metro facing an $18 billion capital deficit, almost daily track fires and threats of federal funding cuts, subway riders are expressing a variety of opinions about possible fare hikes.
In spite of aggressive monetary easing policies, eurozone inflation forecasts have been downgraded to 0.2 per cent this year, far from the near 2 per cent target of the European Central Bank. The reduction has in turn helped to push yields down across European bonds, leaving Italian 30-year bonds yielding just 2.65 per cent.
It’s the fastest pace for a U.S. debt selloff by global central banks since at least 1978, according to Treasury Department data published Monday afternoon. Treasuries are considered one of the safest assets in the world, but some experts say a sense of panic about the global economy drove the selloff.
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