The Growing Burden Of Old-Age Dependency

ECB Holds Rates At 2%, As Expected, With Stagflation Looming The European Central Bank kept interest rates unchanged, as expected, with officials signaling they need more time to assess the extent of the Iran war’s jolt to the economy. The deposit rate was left at 2%, where it’s been since June 2025 and in line with the predictions of all analysts in a Bloomberg survey. The ECB offered no guidance on future decisions, reiterating it will act one meeting at a time based on information as it arrives. In the statement, the...

The US Demanded That Europeans Accelerate Their Transition To 'NATO 3.0' Authored by Andrew Korybko, This might be the US’ final warning before it takes drastic action to punish those who continue to reject Trump’s demands. Under Secretary of War for Policy Elbridge Colby gave an important speech at mid-April’s Ukraine Defense Contact Group in which he urged the Europeans to step up their transition to something that he described earlier this year as “NATO 3.0”. As was explained here, “The idea is that NATO should return to focusing on defending itself instead of overextending...

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street Lululemon tumbled in New York premarket trading as its multi-year bear market deepened, with shares on track to revisit levels last seen since 2018 after a guidance cut.  The struggling athleticwear company now expects full-year revenue of $11 billion to $11.15 billion, below the Bloomberg Consensus estimate of $11.49 billion, while its second-quarter sales and profit forecasts also missed the mark. Full Year Forecast (courtesy of Bloomberg): Sees net revenue $11 billion to $11.15 billion, saw $11.35 billion to $11.5 billion, estimates...