June 2025

 

                         ***NOTICE***

FOR THE PURPOSE OF ASSET MONETIZATION, WE ARE FULL AND ARE NOT TAKING ON ANY NEW BUSINESS - OTHER SERVICES ARE NOT AFFECTED

 

Jun 18

In May, the U.S. federal government spent $316 billion more than it took in, a deficit 14% greater than in 2024, the treasury department reported, deepening the fiscal year’s loss to $1.36 trillion.

This year’s budget hole is expected to deepen by another $1.2 trillion & is expected to have added up to $776 billion through May, the eighth months of the government’s fiscal year.

 

Jun 5

The trump administration has banned the sale of “electronic design automation” service (EDA) by U.S.-based firms to China. EDA technologies are software systems that create and test advanced computer chip designs.

China can manufacture chips but, as yet, remains dependant on foreign services to design them.

 

Posts

 

Jun 19

U.S. Housing Market flips: Sellers far outnumber buyers.

In April, 500,000 more homes were listed than were sold, according to online brokerage Redfin. It was the biggest such gap since 2013.

 

Jun 10

Rising mortgage rates will hobble Europe’s economy ECB says.

Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.

 

Jun 4

Thanks largely to the years-long tech boom and roaring stock market, the U.S. now has more than a third of the world’s millionaires and billionaires, according to the new report by Henly & Partners and New World Wealth, a South African research firm tracking the worlds financial riches.

 

 

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