On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since...
Tag: Economics
Here’s How Ethereum (ETH) Economics Will Be Affected by Merge: Report
Vladislav Sopov Web3 VC heavyweight Amber Group summarized some thoughts on future of post-Merge Ethereum (ETH) in terms of its economics Contents Here’s who will benefit from post-Merge Ethereu...
Economics Of The Stock Market
Boston Celtics’ Jaylen Brown (7) (left) and Marcus Smart guard Warriors Stephen Curry. (Photo by … [+] John Tlumacki/The Boston Globe via Getty Images) Boston Globe via Getty Images Can ec...
Renowned Investor Jim Rogers Warns ‘the Worst’ Bear Market in His Lifetime Is Incoming – Economics Bitcoin News
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are coming and the next one will be “the worst” in his lifetime. ...
Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators – Economics Bitcoin News
The Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a Nigerian association ...
The US economy declined by 0.9% during the second quarter
According to data released on Thursday, the US economy shrank by 0.9% during the second quarter of 2022. Following a decline of 1.6% in the first quarter the US economy shrunk by 0.9%, according to Th...
IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation – Economics Bitcoin News
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The inst...
Goldman Sachs, JPMorgan Predict Euro-Area Recession – Economics Bitcoin News
Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more ...
Inflation Reduction Act: What to Know About the Democrats’ Latest Economic Package
The bill Sen. Joe Manchin (D-W.Va.) and Majority Leader Chuck Schumer agreed to aims to address climate change, healthcare, taxes, and more. Photo by Kevin Dietsch/Getty Images Text size Build Back Be...
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth – Economics Bitcoin News
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows th...
More German Inflation Will Lead To Higher Borrowing Costs
A German national flag flying in Berlin, Germany. Photographer: Krisztian Bocsi/Bloomberg © 2022 Bloomberg Finance LP Europe’s largest economy continues to have economic problems. German inflation hit...
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’ – Economics Bitcoin News
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central ba...
Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at All – Economics Bitcoin News
With inflation soaring in the U.S., economists from monetary policy analytics and forecasting firm LH Meyer say the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. H...
The Games and Economics of Tomorrow
Eventually, several chains that are dedicated to gaming will become dominant, with easy ways for video games companies to pay into the pool while generating a larger swath of rewards to give away in-g...
Biden Administration Accused of Propaganda and ‘Redefining’ a Recession’s Technical Definition – Economics Bitcoin News
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gro...
Expect Two Recessions, and a Quick End to the Fed’s Interest-Rate Hikes
Forward guidance sounds like a great idea. Central bankers should lay out their longer-term goals to influence financial markets. Just as hockey great Wayne Gretzky would skate where the puck was head...
Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’ – Economics Bitcoin News
Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going,...
How to Invest During a Bear Market: 6 Tips
If you’re new to the stock market, you’ve probably had a rude awakening: The value of your investments has declined in the past few months. While that may be worrisome, don’t panic. A bear market—defi...
Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency – Economics Bitcoin News
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst ...
Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’ – Economics Bitcoin News
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the ...
Is China Headed for a Lehman-Style Crisis? This Property Bust Is Different.
Text size The downturn in China’s property market is unlikely to lead to a meltdown that triggers a financial crisis. STR/AFP via Getty Images China’s property slump and suffering economy is lea...
The Bear Market Has Brought ‘Fear and Uncertainty’ for Gen Z. How They’re Coping.
Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth...
TIPS, I Bonds Are Smart Ways to Buy Inflation Protection
Illustration by Liam Eisenberg Text size As a consumer, it is almost impossible to escape the ravages of inflation, which rose at a 9.1% clip in the 12 months ended June, based on the U.S. Consumer Pr...
It’s a Bear-Market Rally. Whether it Lasts Depends on the Fed.
Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Powell the Volckerizer? Intraday Strategy Edge Eve...
Expect Two Recessions, and a Quick End to the Fed’s Hikes
Forward guidance sounds like a great idea. Central bankers should lay out their longer-term goals to influence financial markets. Just as hockey great Wayne Gretzky would skate where the puck was head...
Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation may lead to a “Greater Depression.” He added that real estate is crashing and forec...
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally – Economics Bitcoin News
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,...
Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’ – Economics Bitcoin News
Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 b...
The Stock Market May Have Hit Bottom. Here’s Why.
Text size Commodity prices have tumbled in the past month, with oil and copper down 17% and 33%, respectively. Michael M. Santiago/Getty Images It never feels good when the stock market turns big gain...
Bank of Spain Worried About Inflation and Its Consequences in Latam – Economics Bitcoin News
The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several c...
Bear Market Have You Down? Here Are 3 Tips for Managing Anxiety During Tumult.
While investors and retirement savers grapple with a host of stressors from a bear market to surging inflation, financial advisors and psychologists say there are steps to take to ease anxiety. Illust...
The Dollar Will Only Fall When There’s Somewhere Else for Investors to Flee To
Text size It would be difficult to find a currency to dethrone the dollar. Asif Hassan/AFP/Getty Images About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He wa...