Global economy prepares for effects of US actions in Iran
The recent military strike by the US on Iranian nuclear sites has so far not led to major economic fallout, but the potential for direct conflict raises concerns about the global economy’s stability. Shipping rates have surged, oil prices are climbing, and overall stock markets are feeling the impact. Particular attention is focused on the […]
What is the Strait of Hormuz and what effect does it have on the world economy?
Iran’s Threat to Close the Strait of Hormuz Iran has issued a warning that it may attempt to shut down the Strait of Hormuz as tensions rise following recent US strikes on its nuclear facilities. The implications of this could be significant, especially given the strait’s role in transporting oil and gas. The Iranian government […]
Peter Schiff cautions about the possibility of stagflation in the US economy
Discussion on U.S. Economy with Peter Schiff In a recent episode of “The Kraman Countdown,” Peter Schiff, chief economist at Europacific Asset Management, shared his critical views on the Federal Reserve and the current economic situation. During the show, Schiff commented on the Fed’s decision to keep the benchmark interest rates unchanged after the Federal […]
Voters mirror the economy as Trump maintains his economic approach
Voters’ perceptions of the economy have improved slightly, but sentiments overall are still largely negative. Since President Donald Trump began his second term, the positive assessment of the economy has risen from 21% in March to 28% in April, reaching 31% in the most recent FOX News survey. In June 2024, it peaked at 32%, […]
Inventories Remain Unchanged, Signaling No Tariff Pressure on the Economy
U.S. Business Inventory and Sales Update Sales dipped slightly, while U.S. business inventory remained unchanged in May, according to Tuesday’s data from the Census Bureau. This suggests that the recent tariff expansions haven’t significantly disrupted the economy, as businesses seem to show no signs of supply chain stress or major precautions. The total inventory across […]
The economy under Trump demonstrates significant job growth and low inflation, challenging critics.
In April, President Donald Trump fulfilled a campaign promise by implementing tariffs on many US trading partners. Consequently, left-leaning commentators expressed their anxiety, predicting a downturn in the economy, increased inflation, and significant job losses. One of the more vocal critics has been Brian Schatz, a Democratic senator from Hawaii. He claimed, “Donald Trump is […]
Unauthorized Immigration Fuels Britain’s £250 Billion Underground Economy: Report
UK’s Black Market Driven by Illegal Immigration Illegal immigrants are significantly contributing to the UK’s growing black market economy, which now exceeds 1 trillion pounds annually, according to a report. A forthcoming report from the Independent National Center for Social Studies (NATCEN) indicates that involvement in the black market has surged by 80% since 2016. […]
Dollar Remains the Ruler of the Global Economy
The world is not dedollarizing The dollar is always said to be on the brink of collapse, but that’s just not the reality we’re seeing. Every few months, there’s a surge in talk about dedollarization, often triggered by U.S. financial instability, China’s trade moves, or some academic dream of a new global currency system. Yet, […]
Trade in Gems and Precious Metals Affects Armenia’s Economy – Current Crude Oil Prices
Armenia’s Trade Turnover Plummets Armenia’s foreign trade turnover experienced a staggering 53% drop in the first four months of 2025, largely attributed to a sharp decline in the import and export of gemstones and precious metals, particularly diamonds and gold. For this period, Armenia’s total trade volume was reported at $6.3 billion, according to data […]
European stocks fall as tariff concerns weigh; UK economy contracts more than anticipated.
European stocks decline amid tariff sentiment UK spending plans risk creating a “snowball effect” that increases borrowing costs The UK government intends to raise public spending, a move that could inflate annual interest payments, which currently reach $143 billion. Analysts warn this initiative might induce anxiety in the bond market. Long-term borrowing costs surged to […]