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Tag: Economics
Nobel Laureate Paul Krugman Compares Crypto to Housing Bubble and Subprime Crisis – Economics Bitcoin News
Nobel Prize-winning economist Paul Krugman has compared the current state of cryptocurrency to the housing bubble and the subprime mortgage crisis. Noting that crypto lacks any real value, he said: “i...
Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’ – Economics Bitcoin News
On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the t...
Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead – Economics Bitcoin News
Global investment bank Goldman Sachs’ president and chief operating officer has warned of unprecedented economic shocks and tougher times ahead. His statement echoes JPMorgan CEO Jamie Dimon’s warning...
JPMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane — Says ‘You Better Brace Yourself’ – Economics Bitcoin News
JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is coming. “You better brace yourself,” he advised. “We just don’t know if it’s a minor one or Superstorm Sandy.” Jamie Dimon on the U....
Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low – Economics Bitcoin News
After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic ch...
The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets – Economics Bitcoin News
Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that u...
Stock Market Today: Global Stocks, U.S. Futures Move Higher on Memorial Day
Text size Stock and bond trading will resume on Wall Street on Tuesday after Memorial Day. Ed Jones/AFP via Getty Images Global stocks and U.S. futures rose on Monday amid a quiet day for markets due ...
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble – Economics Bitcoin News
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and reco...
The Fed Must Decide Between Two Policy Mistakes, Says Economist – Economics Bitcoin News
Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well ...
Companies Are Rebuilding Their Inventories. What That Means for Profits.
Text size Target’s inventory rose 43.1% and sales grew 4% in the most recent quarter. Joe Raedle/Getty Images After months of being empty, shelves are finally being restocked. That makes shoppers happ...
The Bear Market Is Still on the Prowl
Text size To the Editor:There is definitely further to go (“The Stock Market Has Avoided a Bear. But the Selloff Isn’t Over,” The Trader, May 20). The Federal Reserve goosed the economy from 2009 to n...
We’re Approaching a Recession but It’s ‘Actually a Good Thing’ – Economics Bitcoin News
Tesla CEO Elon Musk believes the U.S. economy is approaching a recession but he explained why it is “actually a good thing.” Musk has estimated that the upcoming recession will last 12 to 18 months. E...
Toyota Is Cutting Car Production Again. It’s Bad News for Inflation.
Text size A scene from a Toyoya production line in India. Dhiraj Singh/Bloomberg Global car production has been hampered for months because of a plethora of supply-chain and logistics issues. Investor...
“Solid Growth Prospects Alongside A Very Robust Labor Market” DB Says
LONDON, ENGLAND – SEPTEMBER 05: A general view of Deutsche Bank on September 5, 2011 in London, … [+] England. Shares at Deutsche Bank fell by nearly 9 per cent today after news emerged th...
3 Reasons Elizabeth Warren’s Price Gouging War Doesn’t Make Sense
LVIV, UKRAINE – 2021/03/04: Fuel pump nozzle seen at a gas station. (Photo by Mykola Tys/SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Some of ou...
The Stock Market Finally Had a Winning Week. Why It Might Not Last.
Text size Ed Yardeni, founder of Yardeni Research: “We now are raising the odds of a recession from 30% to 40%.” Christopher Goodney/Bloomberg The stock market ended its multiweek losing streak, and l...
Sit Out the Next Few Months, Say These Analysts. A Recession Is Unavoidable.
Text size American flags outside the New York Stock Exchange in New York. Michael Nagle/Bloomberg The S&P 500 came close to finishing Friday’s session in a bear market, adding fuel to a rapidly in...
How Low Could the S&P 500 Sink? According to History, 3000.
Text size The fall in stock and bond prices has cut household wealth by as much as $8 trillion in 2022. Justin Lane/epa-efe/Shutterstock The stock market had a near-bear experience, which might be the...
BRICS Countries Told to Consider Countering the Dollar’s Global Hegemony – Economics Bitcoin News
Chinese experts have called on leaders of BRICS (Brazil, Russia, India, China and South Africa) countries to consider countering the dollar, whose global hegemony is thought to be abusive. Still, the ...
The Bear Nears and Might Not Exit Stocks Until the S&P Sinks to 3000
Text size The fall in stock and bond prices has cut household wealth by as much as $8 trillion in 2022. Justin Lane/epa-efe/Shutterstock The stock market had a near-bear experience, which might be the...
Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods – Economics Bitcoin News
As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about inflation and money. A ...
What Business Leaders Should Know About The Economy
Executive pondering economy. getty Many business leaders have taken at least one course in economics, but most of them were taught the wrong part of economics, at least wrong for someone running a com...
How Long Do Bear Markets Last? S&P 500 Is Near One— and It May Fall More.
The worst selloffs began in 1973, 2000 and 2007. Spencer Platt/Getty Images Text size With the latest 4% drop on Wednesday, the S&P 500 index is now 18% below its all-time high and dangerously clo...
Is the Housing Market Slowing Down? Takeaways From Real Estate Earnings.
Several housing metrics due this week are expected to show signs of a slowdown. That sentiment has also been echoed in recent comments from real estate technology companies on earnings calls. Affordab...
US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’ – Economics Bitcoin News
Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the governmen...
An Overview of GPU Mining Economics into the Ethereum Merge
May 16, 2022, 10:59AM EDT • 11 min read Quick Take The Ethereum Merge has recently been postponed to “a few months after June,” according to one core developer in April. Despite the numerous delays, ...
This Rally Could Force the Fed to Raise Rates Higher
The markets make the news, not the other way around, an insight that has been quite humbling to one who has made a living by reporting and analyzing the impact of news on financial markets. Consider t...