Inflation report thats in all three major indexes to record closes on wednesday. Riding high. What are the good vibes making their way to main street . In a way, yes many people are exposed to the stock market through their retirement funds, so Stock Market Gains like the ones weve been seeing this week beget real money for real people. But consumers arent feeling so rosy a survey out last week show there are significantly more worried about the Economic Outlook than they were even last month. Those feelings are a boon for some retailers, like walmart, which reported Quarterly Earnings that beat estimates. Shoppers have been flocking to the Discount Retailer as inflation has been taking a bite out of budgets. Now much of what marks gains are coming from high income shoppers who are making up a greater portion of the companys business. They are still spending on big ticket items Like Electronics but low income shoppers are feeling more of the strain, especially amid elevated housing and
Very few people in Russia and across the Global South are as qualified as Sergei Glazyev, the Minister for Integration and Macroeconomics, to speak about the drive, the challenges and the pitfalls in the road towards de-dollarization.
Russian Foreign Minister Sergey Lavrov sat down on Thursday with Dmitry Kiselev, director general of Rossiya Segodnya, Sputnik s parent media group, to discuss a spate of pressing international issues. Experts gave their thoughts on some of the topics.
Iran’s parliament has already come up with a plan to reduce the dependence of the economy on the dollar and pivot to national currencies in foreign trade.