Comments by "bobby hans" (@user-oc7ll9sv5r) on "The Podcast of the Lotus Eaters" channel.

  1. The Brics collapse, the south staggers: and the almighty dollar is back !!!! Brazil, RuSSia , India , China and South Africa = BRICS and they are all going into economic meltdown !!! 1. TAKE A LOOK AT BRAZIL Brazil markets sink as S&P downgrades rating to junk Downgrade reflects country’s struggle to regain investor confidence as political turmoil drives growing government deficit.. Brazil's economy stalled last year; Lula blames high borrowing costs Brazil's economy shrank in the fourth quarter, official data showed on Thursday, adding to an overall slowdown last year as President Luiz Inacio Lula da Silva again blasted the central bank for high interest rates impeding a swifter recovery. The economy contracted 0.2% in the October-to-December period, compared with the previous quarter, according to official statistics agency IBGE. The decline in gross domestic product, which casts a shadow over the 2023 outlook for Latin America's biggest country, largely matched the drop forecast in a Reuters poll of economists. https://www.reuters.com/world/americas/brazils-gdp-drops-q4-consolidating-economic-slowdown-2023-03-02/ 2 TAKE A LOOK AT RUSSIA Foreign Investors Flee Russia, Pullout of $8 Bln Russia’s Economic Meltdown is here The country’s biggest exports, gas and oil, have lost major customers. Government finances are strained. The ruble is down over 20% since November against the dollar. The labor force has shrunk as young people are sent to the front or flee the country over fears of being drafted. Uncertainty has curbed business investment. Russian Ruble’s Slide Spurs a Sudden Central Bank Meeting The currency weakened as far as 102 to the dollar, adding to concerns of inflation and prompting the Russian Central Bank to move quickly to consider raising rates. https://www.nytimes.com/2023/08/14/world/europe/russia-ruble-dollar-inflation-war.html 3.TAKE A LOOK AT INDIA India India’s Economic Growth Slows Down ; There are no magic bullets for India's economic crisis— The risk falls on hundreds of millions of Indians trapped in distressed agriculture or in the pool of unemployed, underemployed and poorly-paid ...Indian rupee falls, caught between dollar rally and likely RBI intervention https://www.reuters.com/markets/currencies/indian-rupee-falls-caught-between-dollar-rally-likely-rbi-intervention-2023-08-14/ 4.TAKE A LOOK AT CHINA Chinese growth slips to slowest pace for 26 years..China’s economy slowed further last year to expand at its weakest pace China GDP growth falls short of expectations as sinking property prices hit economy https://www.theguardian.com/business/2023/jul/17/china-gdp-growth-down-economy-june-quarter-gross-domestic-profit 5. TAKE A LOOK AT SOUTH AFRICA South Africa GDP Growth Slows as Junk Rating Remains Risk https://www.focus-economics.com/blog/will-south-africa-find-a-way-out-of-its-economic-rut/
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