BRICs Economic Bloc Will Soon Prevail Over G7-23 New Countries Joining
BRICS Reveals 23 Countries Have Applied to Join Economic Bloc – Power Shift to Dethrone U.S Dollar Soon– Crypto News Flash
The media has seemingly quieted down on the topic of BRICS but – make no mistake – its relevance is becoming greater by the day as more nations hop aboard.
by Bhushan Akolkar
South Africa, which is hosting the BRICS summit this year in 2023, has published a list of 23 countries willing to be part of this economic bloc. South Africa’s Minister of International Relations and Cooperation, Naledi Pandor, revealed about receiving new applications in a briefing on Monday, August 7.
The BRICS summit shall happen ahead of this month on August 22-24 in Johannesburg, South Africa. Pandor mentioned that during the summit, the BRICS nations’ leaders will receive a unique report about the principles for broadening the association and a list of countries interested in joining the economic group. these leaders would further discuss the expansion of the bloc. Pandor continued:
“It is the leaders who will make the final decision on this issue. We remember that South Africa was the first country to be admitted to the association after its creation. As the BRICS chairman, South Africa will negotiate at the summit on the expansion model and its principles and criteria. We are gradually moving towards a consensus on BRICS expansion and we hope that it will be reached at the summit.” READ MORE
South Africa, which is hosting the BRICS summit this year in 2023, has published a list of 23 countries willing to be part of this economic bloc. South Africa’s Minister of International Relations and Cooperation, Naledi Pandor, revealed about receiving new applications in a briefing on Monday, August 7.Why the US Must Join the BRICS | LaRouchePAC
Stock Market Crash Alert: The July Jobs Report Just Confirmed a Recession Is Coming – Investor Place
As the stock market continues to rally, experts believe the good times are going to end. I’m not sure anyone wants to see the market drop or even collapse, but the shaky fundamentals do more than suggest that one or the other may soon occur.
by Shrey DuaFriday’s surprisingly cool jobs report has reignited fears of both a U.S. recession and a resulting stock market crash. Just how bad was the July jobs data?
Well, by most accounts, not too bad at all. Indeed, the U.S. economy added 187,000 jobs last month, below projections for 200,000. While this is a notable slowdown from June’s 200,000 added jobs, it still represents an unemployment rate of just 3.5%. That’s actually an improvement from June’s 3.6% recorded rate, which was also the estimated jobless level for July.
Average hourly earnings also managed to surpass expectations. Wages increased 0.4% from June to July, for 4.4% annual wage growth, once again ahead of consensus predictions.
“The labor market seems to be humming along rather well at this point in the business cycle. A 3.5% unemployment rate, you can’t complain about that,” said Satyam Panday, U.S. chief economist at S&P Global Ratings. “It’s a nice glide path down.”
Jobs were largely bolstered by hiring growth in the education and health sector, which added 100,000 jobs last month. This was followed by construction, which contributed 19,000 jobs to the mix. READ MORE
About Dean Heskin
Dean Heskin is President and CEO of Swiss America Trading Corporation and the editor of this newsletter. Mr. Heskin started with the firm in 1992 as an account executive and was named CEO in 2012. For nearly thirty years, Mr. Heskin’s opinions and perspectives have been sought after and shared with many. You may have read, seen or heard him on the numerous media interviews he’s conducted with; FOX News, The Wilkow Majority, The Wayne Allen Root Show, CBS MarketWatch, Off the Grid and more. Dean is happily married, has five children and currently resides in Scottsdale, Arizona.
