Dec 8, 2023 | Economy
The UAE is officially dropping the dollar for its oil transactions and instead will transact in local currencies. Source
Dec 7, 2023 | Economy
Russian President Putin received warm welcomes in the UAE and Saudi Arabia as he meets to discuss OPEC+ and expanding diplomatic ties. Analyst Comment: The petrodollar scheme is dead. Nations are openly trading oil in alternative currencies and OPEC leaders like Saudi...
Nov 30, 2023 | Economy
“Rice prices are on the verge of hitting new 15-year highs as the damage effects of the El Nino weather phenomenon across Asia have damaged farmlands, leading to dwindling supplies. Thai white rice 5% broken hit $640 per ton this week. These prices are back to...
Nov 29, 2023 | Economy
“For the five days, from Thanksgiving Day to Black Friday to Cyber Monday, internet sales topped $38 billion, exceeding Adobe’s forecast of $37.2 billion.” Almost 10% of those sales were through buy now pay later schemes. Analyst Comment: Despite a...
Nov 28, 2023 | Economy
Median sales price for new single-family homes dropped 3.1% from October and is down almost 18% from a year ago. Meanwhile the number of new houses sold continue to drop while inventory rises. Analyst Comment: Real estate has a lot more bleeding to do before the...
Nov 25, 2023 | Economy
“California landlords are owed at least $1.8 billion in unpaid rental debt, ranking the state number two in the nation for total rental debt as COVID-19 era eviction moratoriums have ended, with evictions on the rise in some areas. Los Angeles landlords alone...
