Elon Musk’s view of this investing strategy: ‘ESG is the devil’

  Backlink: NYPost   Elon Musk evidently has a diabolical view of environmental, social and corporate governance – more commonly referred to as “ESG.”   […]

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State economist warns Chinese government it’s sacrificing economic development

    Backlink: THE BL Chinese state policy advisors have raised the alarm over the country’s meager economic growth, warning that it would be a considerable risk. Yang Weimin is a deputy director of the economic committee of the Chinese People’s Political Consultative Conference (CPPCC), the top advisory body on governance.       […]

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A two-year recession has begun, says the Bank of England

  Backlink: SPECTATOR Alongside a rather defensive interest rate hike today, the Bank of England unveiled some alarming forecasts for economic growth. The BoE predicts the economy will be in ‘recession for a long period’ – until mid-2024 – with inflation peaking around 11 per cent.       […]

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19 States to Investigate Banks for ESG-Style Commitment to UN Alliance

  Backlink: THE EPOCH TIMES The war between states and banks over environmental, social, and governance (ESG) investing and similar practices has reached the doorstep of the U.N. A total of 19 state attorneys general have launched investigations of major financial institutions’ commitment to the U.N.-convened Net-Zero Banking Alliance.       […]

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Is Credit Suisse the tornado on the banking horizon?

  Backlink: SPECTATOR As the investors who have hammered Credit Suisse move on to other targets such as Deutsche Bank, whose shares have also dropped, will negativity turn into self-fulfilling prophecy? Most chat on this theme is to be found on Twitter, the Reddit trading forums and sites such as Bitcoin.com – natural homes of […]

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US Debt Tops $31 Trillion for First Time Ever on Biden Admin Spending Spree

  Backlink: THE EPOCH TIMES The national debt of the United States has surpassed $31 trillion for the first time in history, according to Treasury Department data published on Oct. 4. Data showed that the total national debt was $31.123 trillion as of Oct. 3, after passing the $30 trillion mark just nine months ago in late January.       […]

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UN Warns Central Banks Must Quickly Pivot Away From Hawkish Policy

  Backlink: VISIONTIMES As central banks across the world raised interest rates and doubled down on hawkish narratives that they were willing to do whatever it takes to bring down inflation caused by Coronavirus Disease 2019 (COVID-19) stimulus and quantitative easing at the end of September, the resulting turmoil appears to have spooked the United Nations.   […]

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Britain’s economic crisis is a warning to the world

  Backlink: SPECTATOR Afalling exchange rate and rising bond yields are the typical characteristics of a financial crisis in an emerging market. Those who never forgave the UK for its decision to leave the EU like to remind us of this fact right now. But an emerging market crisis doesn’t even begin to capture what […]

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Nearly 10 million Australians’ data possibly compromised in hack

  Backlink: ALJAZEERA Optus chief executive Kelly Bayer Rosmarin says “sophisticated” actor was behind the cyberattack. Sensitive information about almost 10 million Australian telecoms subscribers may have been compromised by a substantial hack of the country’s second-largest provider, the firm Optus revealed Friday.       […]

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