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Tag: Economics
The Economics Of European Nuclear Power Don’t Add Up
Nearly 500 metres below the surface at the Cigéo nuclear research lab Christine Ro Rainer Baake, the managing director of the Climate Neutrality Foundation in Germany, puts it bluntly. “Why would anyo...
Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023 – Economics Bitcoin News
A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the c...
Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is toast, citing Saudi Arabia’s request to join the BRICS nations that comprise Russia, China, India...
Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’ – Economics Bitcoin News
While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually falter in an...
Goldman Sachs CEO Sees Good Chance of Recession — Advises Investors to Be Cautious, Prepare for More Difficult Environment – Economics Bitcoin News
The CEO of global investment bank Goldman Sachs, David Solomon, sees a good chance of a U.S. recession. He stressed that the “environment heading into 2023 is one that you’ve got to be cautious and pr...
Renowned Investor Jim Rogers Warns of the Worst Recession in His Lifetime – Economics Bitcoin News
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects the bear market to get much worse, adding that this recession will be the worst in his life...
Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt – Economics Bitcoin News
According to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-ye...
Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation – Economics Bitcoin News
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in ...
Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation – Economics Bitcoin News
U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “h...
With Candy Prices Up 13%, Trick-Or-Treaters Get An Economics Lesson
Weighing a Snickers bar in my office Willy Shih We will pay 13.1% more this year for Halloween candy than last year, the biggest recorded jump in candy prices. Trick-or-treaters will also likely notic...
How Bad Is Europe’s Energy Problem? Better Than You Think
MANCHESTER, UNITED KINGDOM – JANUARY 03: A gas ring on a domestic stove powered by natural gas is … [+] seen alight on January 3. 2005, Manchester, England. Russia had decreased pressure i...
Argentina to Launch ‘Fair Prices’ Program to Battle Raging Inflation Numbers – Economics Bitcoin News
The government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Pri...
The Economics Of A Russian Oil Price Cap
U.S. Treasury Secretary Janet Yellen speaks during a news conference at IMF headquarters, October … [+] 14, 2022 in Washington, DC. (Photo by Drew Angerer/Getty Images) Getty Images Economists o...
Scotland’s Leader Sturgeon She Still Wants Independence From The UK
First Minister of Scotland Nicola Sturgeon speaks to students during an event at Stanford University … [+] in Stanford, California on April 04, 2017. – Sturgeon discussed the international...
98% of CEOs Preparing for US Recession — Confidence at Lowest Level Since Great Recession – Economics Bitcoin News
The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. “CEO confidence sunk further to start Q4 an...
Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as ...
FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues – Economics Bitcoin News
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback....
Between Cornell and Colgate, a Hard Lesson in College Economics
(Bloomberg) — Since 1824, it’s sat at a quiet crossroads of American higher education, surrounded by richer, more prestigious institutions like Cornell University and Colgate University. Now, ti...
Argentina Introduces New Exchange Rates to the Mix — ‘Qatar’ and ‘Coldplay’ Dollars Go Against IMF’s Warnings – Economics Bitcoin News
The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Geo...
Rates on Treasury I Bonds Will Fall to 6.5% Soon. Get a Higher Rate Now.
The new rate on Treasury Series I inflation-linked savings bonds is likely to be set at 6.5% for bonds purchased starting in November, down from the current rate of 9.6%, Barron’s estimates. The new r...
Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September – Economics Bitcoin News
The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday show...
The Nobel Economics Prize should have been won by Satoshi Nakamoto
The Nobel Economics Prize should have been won by Satoshi Nakamoto, says the internet. Ben Bernanke, an ex-US Federal Reserve chairman, has won the Nobel Prize for economic sciences. The Nobel panel i...
Nobel Prize in Economics to Ben Bernanke
The 2022 Nobel Prize in Economics has been awarded to Americans Ben Bernanke (former Fed Chairman), Douglas Diamond and Philip Dybvig. This was announced by the Royal Academy of Sciences in Sweden, ex...
Black Monday’s Anniversary Is a Reminder to Think Seriously About Risk
Text size A trader on the New York Stock Exchange looks at stock rates October 19, 1987 as stocks were devastated during one of the most frantic days in the exchange’s history. Maria Bastone/AFP...