India: Another Demonetization?
TUESDAY, MAY 23, 2023 – 06:40 AM Authored by Jayant Bhandari In late 2016, the Indian Prime Minister, Narendra Modi, came on TV at 8 pm to announce that most…
US Banks lose a TRILLION dollars in deposits, replace with borrowings
The first bad news is that 50% of the US banks have more liabilities than assets. But here comes more… One may say now that deposits are liabilities as well…
Africa’s First Test Run For A CBDC has Failed
BY TYLER DURDEN TUESDAY, MAY 23, 2023 – 11:30 AM Authored by Martin Armstrong via ArmstrongEconomics.com The transition to CBDC in Nigeria did not go as planned. The elites always…
Global luxury home prices fall for first time since 2009
Global luxury home prices fell in Q1 2023 for the first time since the financial crisis, according to real estate consultancy Knight Frank, Bloomberg reported. The price index for luxury…