The downturn could have started sometime around last October, a former Federal Reserve advisor has said
The United States may already be in a “plain vanilla recession,” a former advisor to the Federal Reserve Bank of Dallas, Danielle DiMartino Booth, told CNBC on Monday. The statement comes as world stock markets nosedive over fears the US economy is weakening.
A cyclical or plain vanilla recession is one of the two types of demand-driven recession. These typically follow periods of policy tightening that are aimed at staunching excess demand or inflation problems.
According to DiMartino Booth, CEO and chief strategist for Quill Intelligence, the recession started sometime around last October. She pointed to a weakening job market and increasing Chapter 11 bankruptcy filings. Additionally, she said declining housing prices and increasing apartment supply suggest this trend may continue.
The US economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month, with raised interest rates taking a toll on businesses and households... .more below
https://www.rt.com/business/602196-us-economy-recession-unemployment/
China has suspended several 2025 export controls on strategic materials — including rare earths, superhard materials, and lithium batteries – for a year. Is this a concession to the US, or a move in a far more complex game?
"The first aim of China’s export controls was to consolidate its leverage in negotiations. The second was to establish a long-term framework for managing such controls," says Yana Leksyutina, deputy director at the Institute of China and Contemporary Asia, Russian Academy of Sciences (RAS).
Сhina could activate this mechanism at any moment, and now everyone knows it’s a lever it holds, she explains to Sputnik.
Balancing the Mineral Market
"The moratorium on export bans to the US essentially resets the rare earth market to where it was previously," Jeff J. Brown, author of 'The China Trilogy' and founder of Seek Truth From Facts Foundation, tells Sputnik.
In the meantime, there will be a global rush by the US and its NATO allies to acquire as many rare earth ...
The Israeli regime has reportedly signed contracts worth millions of dollars in recent months to sway American public opinion as part of attempts to launder the occupying entity’s genocidal war crimes against Palestinians in the besieged Gaza Strip.
Israeli daily Haaretz reported on Friday that the multimillion-dollar campaign aimed to reshape US public opinion, both online and offline, through coordinated influence operations combining digital marketing, AI, geotagging, and religious messaging.
The contracts, signed between the Israeli regime and firms linked to US President Donald Trump, reveal a “hasbara [propaganda] campaign” and schemes to target millions of US churchgoers, deploy bots, hire influencers, and try to make ChatGPT more pro-Israel.
The largest contract, worth $6 million, was signed with Clock Tower X, owned by Trump’s former digital campaign chief Brad Parscale, to produce and distribute roughly 100 core pieces of pro-Israel content per month and thousands......
