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“It will be the sharpest tightening in a calendar year since 1981”—The Fed’s rate raiseDoes the Fed have the right plans to slow inflation without triggering a recession? S_Rabinovitch weighs in, on “The Intelligence” S_Rabinovitch No, it's much like 1980-82. Rampant inflation meant slam on the breaks to put the economy into an abrupt but hopefully shorter recession that would bring inflationary pressure down. S_Rabinovitch I found the Ukrainian anthem mentioned in the last segment. It’s quite rousing! UkraineWar SlavaUkraine 🇺🇦 S_Rabinovitch We needed a recession, & a fair number of criminal prosecutions, in 2009. Now we'll get a years long recession, with stagflation, & a flat stock market for years if history is any indication...& it always is. Thanks Modern Monetary Theory! Public sector pensions? By bye.
Source: TheEconomist - 🏆 6. / 92 Read more »
Federal Reserve issues biggest interest rate hike since 1994 to fight inflationBREAKING: The Federal Reserve has delivered the largest interest rate hike since 1994 in a bid to slow inflation.
Source: MetroUK - 🏆 13. / 82 Read more »
ECB meets to discuss bond rout as markets anticipate Fed rate rise – business liveInvestors wait to see how aggressive US Federal Reserve will be in raising rates, with fears that a bigger hike could tip the economy into recession Raising interest rates has never corrected inflation in an economy it actually makes it worse.
Source: The Guardian - 🏆 84. / 53 Read more »
Zookeeper dies after trying to pet tiger by poking his arm through its fenceA zookeeper died after sticking his arm through a fence to pet a tiger who suddenly snapped and started mauling him. The owner of the animals, reportedly released footage of the attack to show the keeper had been negligent. Play Stupid Games win Stupid Prizes
Source: MetroUK - 🏆 13. / 82 Read more »
Huge methane emission from Russian coal mineThe rate of release could have powered hundreds of thousands of homes, if sustained and captured. Where is Greta? More likely to be a farting epidemic in Russia. They will polute the earth too
Source: BBCScienceNews - 🏆 87. / 53 Read more »
How cannabis-fed chickens may help cut Thai farmers’ antibiotic useScientists observed fewer cases of avian bronchitis and superior meat after chickens given cannabis Glad they're keeping abreast of the situation. What?! Don't get in a flap about it!
Source: Guardian news - 🏆 28. / 68 Read more »