Bloomberg (October 4)
As Middle East crude flows return to near-normal levels, “global prices remain stuck above $100, roughly 40% higher than when the conflict began.” The elevated prices are “sending shock waves through the global economy, feeding inflation and squeezing industries and consumers alike,” but rapid improvement is unlikely. “A confluence of problems” now keeps prices high:” depleted inventories and reserves that need to be replaced, fears the “unresolved war could reignite,” the drastically increased cost of transit, and elsewhere Russia’s war with Ukraine has curtailed other supplies.
Tags: 100, 40% higher, Conflict, Confluence, Consumers, Cost, Crude, Depleted inventories, Fears, Global economy, Industries, Inflation, Middle East, Reignite, Reserves, Russia, Shock waves, Transit, War
The Guardian (March 17)
“Britons taking out a new home loan face paying almost £800 a year more on average than before the Iran war as “Trumpflation” pushes up UK mortgage rates.” Higher rates come at a bad time, as “1.8m fixed-rate deals are due to end in 2026, and most of these borrowers will need to get a new mortgage. The change of direction comes amid the global shock waves caused by the war.”
Tags: £800, Borrowers, Britons, Fixed-rate deals, Global, Home loan, Iran war, Mortgage rates, Shock waves, Trumpflation, UK, War
New York Times (July 22)
“The shock waves from President Biden ending his re-election bid, after weeks of pressure to step aside, are still reverberating around the world…. Biden’s withdrawal opened a flood of Democratic donations, with more than $50 million pouring in on Sunday, in what one strategist said might be ‘the greatest fund-raising moment in Democratic Party history.’”
Tags: 50 million, Biden, Donations, Fund raising, Pressure, Re-election, Reverberating, Shock waves, Strategist, Sunday, Withdrawal
Bloomberg (December 20)
“Just as investors were wrapping up this year’s trading, the threat of new lockdowns sent shock waves through markets across the world.”
Tags: Investors, Lockdowns, Shock waves, Threat, Trading, Wrapping up
