Euro

 The euro fell to its lowest level in two decades on Tuesday as fears of a recession in the euro zone ramped up. Euro zone inflation hit a record 8.6% in June.

However, growing fears of a recession may limit the central bank’s capacity to tighten monetary policy. The July Sentix Economic Index on Monday showed investor morale across the 19-country euro zone has plunged to its lowest level since May 2020, pointing toward an “inevitable” recession.

Record-high inflation in Europe has been abetted by skyrocketing gas prices over recent months as a result of the sanctions on Russia's energy-Gas-oil and coal.

The dollar’s strength continues, meanwhile, as risk-averse investors seek a safe haven, and the U.S. Federal Reserve embarks upon what looks to be an aggressive rate hike regime.

The G7 keeps tightining the sanctions on Russia which impacts the G7.  Just a thought.

Abe..

 

Abe's assassination shocks Japan, where gun control is strict and shootings are rare

On the other hand, the National Police Agency said that 33048 people killed themselves in 1999, an increase of 185 on the record level set the previous year.

As well as the economic slump, cultural factors are also believed to have contributed to Japan's large number of suicides. In the two main Japanese religions Shintoism and Buddhism there is no moral prohibition on self killing, and many literary works extol it as a way to atone for misdeeds.

The fact that life assurance policies in Japan do not exclude payouts in the event of suicide, as is often the case in Britain and western Europe, may also distort the picture somewhat.

Cause..

 

The White House maintains that the bill, American Rescue Plan, was essential to ushering in the economic recovery, physically reopening schools and distributing vaccines during a deeply uncertain pandemic. They dismissed the notion that this relief plan fueled increases in prices.

Economists concede that the $1.9 trillion bill did contribute to inflation, though there’s some debate about how much.

The pandemic-related supply chain woes and, more recently, Russia’s war in Ukraine, USA role in extending the War, the G7 sanction-Restriction on oil and natural gas sale, wheat and fertilizers are major factors driving up costs.  

Waiting..

 

Same..

 

Name..

 

Reason..

 

Boris Johnson is well known for his outrage's behavior. But he extended carelessness a bit more that the British people can take. Inflation reached 9%

Johnson is in agreement with Biden's administration in place sanctions on Russia. This act obviously created shocks around the globe. Prices of oil, gas, Food, went up the roof in Europe and USA. That boosted the Inflation wasteful spending of trillion of dollars in USA. So Inflation this time is caused by USA not the Arabic world as what happened in the Seventies.  Just a thought.

Bottom..

 

The President of the United States, Biden, wants to build the economy from the Bottom up.

Build back Better spending of 3.5 Trillion Dollars.

Infrastructure Bill... 1.2 Trillion Dolars.

Biden's Stimulus bill 1.9 Trillion.

Then, Cancel the Keystone pipeline

Cancel the Nordstrom 2 Pipeline

No drilling in federal lands

Sanctions on Russia's energy of Natural gas and 6 Milliom Barrel of oil daily.

 That skyrocketed the prices of gas in USA and Europ, leading clearly to uncontrolled inflation of 9% to be followed by Recession in USA and Europe.

UK..

 

The governor of the Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and warned of possible further shocks to come.

Andrew Bailey blamed Russia’s invasion of Ukraine for piling further pressure on commodity prices and already rising inflation and said that further resilience is needed to mitigate future risks. [the haste response to the war by USA and the West is the reason for the world wide energy shortage and price inflation.]

The warning came as the central bank published its Financial Stability Report Tuesday, in which it outlined a number of risks to the U.K.’s economic outlook. Those include ongoing disruption to food and energy markets as a result of the war, high household and government debt, as well as the continued impacts of Covid-19 in China.

Boris Johnson resigned today.  Just a thought.

Misfiring..

 

The Biden administration is losing the short game when it comes to U.S. national security, and President Biden’s upcoming July trip to the Middle East is yet another case study in how the White House keeps misfiring and setting the president up for failure. 

Biden may have hoped to be rid of “forever wars” such as Afghanistan, but we live in a world dominated by a hot war US created in Ukraine, ongoing U.S. military involvement in Syria, “mounting tensions” between the U.S. and China in the Pacific, and Iran and North Korea emerging as potential nuclear threats.

  Now, 17 months into Biden’s presidency, it is clear that Klain, Sullivan, Blinken and Austin are incapable of prioritizing, let alone balancing, the two with U.S. national security (and Biden) paying an unacceptable price.  Just a thought.