Is hyperinflation coming, is the CPI lying? November 15, 2019 05:00 Posted in: Economy - Have you ever wondered why the official inflation numbers never seem to jive with your own personal experience? For the most part, the media has dutifully reported the nonsensical CPI data as if it were scripture from the BLS. Originally, the CPI was determined by comparing the price of a fixed basket of goods and services spanning two different periods. However, over time, the U.S. Congress embraced the view that the CPI should reflect changes in the cost to maintain… Continue Reading
Impeachment Fed Impeachment looky here, does the Fed have a plan B? November 14, 2019 09:01 Posted in: Economy, Politics - You would have to be living under a rock if you haven't been watching the impeachment show of President Donald Trump in the U.S. House of Representatives. Democrats are having a political orgasm. The Republicans are shaking their heads. Everyone understands that the impeachment hearings are going nowhere - Trump most likely will not be convicted in the Republican-held Senate. It is political theater. Both sides have the strategies to make the other side look bad. News Forecasters asks, if… Continue Reading
Silicon valley dumbfuckery. Facebook and Apple personal gripes. November 11, 2019 15:00 Posted in: Economy, Science & Technology - We've all been there, trying to work with 21st-century technology with some blockhead Silicon Valley company. We've been told that all these Silicon Valley companies are filled with young wizkids. But nevertheless, these companies are big, very big. Like any big organization, the left-hand never knows what the right hand is doing. And they're basically monopolies, so going to a more efficient small company very often is not an option. So I'm going to illustrate a couple of personal gripes… Continue Reading
Trump Economy Trump Economy charge stocks to new highs, what next? November 9, 2019 07:09 Posted in: Economy, News - The media world continues to struggle with the Trump economy - and yes, we can now say it is a Trump economy that are fully into the Trump era. President Trump often says the US economy is on a historic high, perhaps the greatest it's ever been - stock markets seem to hit new highs every month. However, many media outlets continue to downplay the success. One quote admits from the BBC, "It's true the economy has been doing well… Continue Reading
Hall Of Presidents Which US President was the best economically? November 2, 2019 18:07 Posted in: Economy, Politics - “It’s the economy, stupid,” was the slogan James Carville coined as a campaign strategist of Bill Clinton’s successful 1992 presidential campaign against sitting president George H. W. Bush. One of the hallmarks in the U.S. presidential debate today is Trump touting the success of the U.S. economy - best ever. So is this true? News Forecasters asks, which president has done the best in terms of economic policy historically? When looking at a president's performance, hard data can't be looked… Continue Reading
Future Restaurants The future of restaurants, what will it look like? October 30, 2019 08:44 Posted in: Culture, Economy, Science & Technology - One thing we all like to do, and that is eat. Not just eat but have someone else make it - yes restaurants. Food and drinks sales of the restaurant industry in the United States reached $745.61 billion in 2015 – a long way from the $42.8 billion seen in 1970. Nearly a trillion-dollar industry, so it is a big deal. News Forecasters puts its crystal ball to work and provides a take on what the restaurant industry may look… Continue Reading
Cheating spouse twice as likely to cheat at work, pre-crime social media scoring? October 25, 2019 22:30 Posted in: Culture, Economy - CEOs who cheat on a spouse is twice as likely to cheat at work, so a study shows. Cheating on your spouse goes hand in hand with cheating in the workplace. That’s the conclusion of a provocative new academic study that found a strong correlation between adultery and workplace misconduct by corporate executives and financial advisers. In the #metoo age and where every social move is tracked on social media, what will be the trend in social media scoring (sorta… Continue Reading
Will China crash, dragging the global economy with it? October 24, 2019 21:40 Posted in: Economy - Will China crash, dragging the global economy with it? China over the last 40 years has made stellar advancements in its economy. It is on track to be the largest economy in the world, If not already. It has been the envy of the world. The question for some is, is it sustainable? There are dark storm clouds building. News Forecasters outlines the major issues facing China and what may likely happen in a very few short years. Whatever happens… Continue Reading
Women Socialism Why American socialism is coming – women? October 23, 2019 09:38 Posted in: Culture, Economy, Politics - There is a feeling in the air that women are becoming more politically active, not just in America but all across the developed world. For example, there are currently six 2020 U.S. presidential candidates. Currently in the European Parliament women make up 40% of its members, up from 15% in 1980. Women are making their mark on government. For sure, women's views of the world will be different than men's - with subsequent change in government policy. News Forecasters will let… Continue Reading
Global Chaos 2019 Global chaos – what will the banking elite do now? October 21, 2019 10:56 Posted in: Economy, News - Protests have broken out in many countries across the globe, with citizens unhappy for a variety of different reasons. Some are protesting over economic conditions, others are protesting over tax hikes. Elsewhere protests are breaking out over controversial laws or prison sentences imposed by governments. Governments are also busy resolving a variety of governance issues as well. Brexit, Trump impeachment, Canadian elections, U.S 2020 elections, and Middle East wars, just to name a few. At this time in October 2019… Continue Reading
Money Supply IMF and money supply flashing alarm bells – October 2019? October 16, 2019 07:59 Posted in: Economy, News - The International Monetary Fund (IMF) is predicting global economic growth will slow to its weakest level since the 2008 financial crisis in its third revision of its 2019 forecast. The U.S. GDP growth rate forecast was cut from 2.6% to 2.4%. The Eurozone area is expected to see 1.2% growth, down from 1.3%. China's forecast saw a downward revision from 6.2% to 6.1%. Cumulatively this reduces the global GDP by 0.8% by 2020. This is not a crash but certainly… Continue Reading
Future Social Media The future of Social Media – growing or its demise? October 7, 2019 23:33 Posted in: Economy, Science & Technology - Love it or hate it, Social Media has been a force since the early 2000s. Looking at the feature inset chart, we see primarily a duopoly of Google's YouTube and Facebook properties. There are others in niche markets (i.e., Linkedin), and there are still other new niche platforms (i.e., TikTok) that are starting to emerge as well. However, some believe that Social Media is starting to become a maturing industry. News Forecasters believes that it’s time to rethink the future… Continue Reading
Economy Economy October 2019, tipping further down? October 2, 2019 07:05 Posted in: Economy, News - "It's the economy, stupid," a slogan James Carville coined as a campaign strategist of Bill Clinton’s successful 1992 presidential campaign against sitting president George H. W. Bush. So where are we at in terms of the U.S. economy heading into the U.S. 2020 presidential elections? As a backdrop to the recent data dump of PMI reports (click here), the trade war rages on, though there is some movement on more talks. However, the odds are that this trade war progress… Continue Reading
African colonization, serial enslavers? October 1, 2019 07:08 Posted in: Economy, Politics - There are a couple of memes that have been floating around for some times concerning African colonization and African slavery in the U.S. Theses memes are: Meme #1) The world is plundering Africa's wealth of "billions of dollars a year." Meme #2) Historian and author Edward E. Baptist explains that American slavery helped (even instrumental) the U.S. go from a "colonial economy to the biggest industrial power in the world." In this article, Baptist gave his arguments for this idea… Continue Reading
Zombie Dollar Zombie economy rising from the crypt? September 30, 2019 09:47 Posted in: Economy - In the financial world, companies on life support are called "Zombie" companies. These are companies that are not able to cover their debt-servicing costs with current earnings. To stay afloat, they often keep borrowing and restructuring debt to make up the difference. Most likely, these companies should have gone out of business already, but lenders keep lending in the hope the company can recover, so they don't have to take a loss. The problem with Zombie companies is that it… Continue Reading
Market Watch Bitcoin Bitcoin outlook September 2019 – Market Watch September 23, 2019 09:30 Posted in: Economy, News - Bakkt has arrived for Bitcoin. Bakkt is a bitcoin futures exchange and digital assets platform founded in 2018 by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). This new futures contract is seen by many as putting more legitimacy behind the cryptocurrency. Bakkt’s futures will be physically settled, meaning buyers receive bitcoin at expiration, whereas the futures available since 2017 at the Chicago exchange CME Group are cash-settled. This may encourage buying of Bitcoin… Continue Reading
Fed Powell Fed signals QE4, medieval serfdom for how long? September 20, 2019 06:26 Posted in: Economy, News - The Federal Reserve (Fed) cuts Fed funds by 25bps to 1.75%-2.00% rates as expected, but signals that it does not expect any more rate cuts in 2019. The Fed has never been more divided and voted 7 to 3 for the cut. Esther L. George and Eric S. Rosengren voted to keep rates unchanged and Bullard voted for a 50bps cut. Not a single FOMC member expected more than 1 rate cut any time in the future. The Fed statement… Continue Reading
Abqaiq Saudi Oil Saudi oil facility attacked, Oil price spike, what next? September 16, 2019 05:27 Posted in: Economy, News, Politics - Early Saturday (September 14, 2019), the Khurais oilfield operated by Saudi Aramco, the state-owned oil giant, and the Abqaiq oil processing facility was attacked by a number of drones. Saudi officials say the strikes have cut production by 5.7 million barrels per day - about 50% of their total output and 5% of global supplies. Yemen's Iranian-backed Houthi rebels have claimed credit for the attacks, but U.S. Secretary of State Mike Pompeo directly blamed Iran. Iran denied Sunday U.S. accusations that it was behind… Continue Reading
Phantom Capital $15 Trillion in Phantom Capital – FRAUD? September 15, 2019 12:26 Posted in: Economy, Featured, News - A new study published by the IMF (International Monetary Fund) has found that $15 trillion of the world's FDI (Foreign Direct Investments) are "phantom capital" - a term used to describe capital that is designed to avoid taxes of multinational firms. FDI is an essential driver for genuine business activity, stimulating growth and job creation and boosting productivity. Phantom capital is financial and tax engineering that blurs the real state of business activity and to what many would consider moral… Continue Reading
Mitch McConnell Can the Socialist agenda be STOPPED, the filibuster? September 14, 2019 09:01 Posted in: Economy, Politics - In the event, the current U.S. President Donald Trump loses the 2020 election, there is a belief that the socialists will come to power and dramatically change America - and it would. Many believe that Joe Biden, the current Democrat leader to challenge Trump, won't be the eventual Democrat nominee - too gaffe-prone and too old. Next up are the Progressives, Bernie Sanders (a declared socialist) and Elizabeth Warren (who has similar views as Bernie Sanders). Usually, the political party… Continue Reading