A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The global economy likely faces a decade ...
Tag: economist
Economist and Entrepreneur Peter Schiff Advises Investors To Sell Bitcoin
2 hours ago | 2 mins read Bitcoin News Peter has always been skeptical about bitcoin and has instead advocated for gold. Schiff’s warning was seen by some as proof that we’ve reached rock bottom. Pete...
Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist
In the wake the FTX collapse, calls to regulate crypto have increased among U.S. lawmakers. But doing so would confer legitimacy to the crypto industry, a prominent economist argued this week, and tha...
Economist Peter Schiff Warns Bitcoin May Not Rise When Other Financial Assets Rebound – Markets and Prices Bitcoin News
Gold bug and economist Peter Schiff has warned that the price of bitcoin may not rise when other financial assets rebound, even though the crypto fell alongside them. “The bitcoin bubble popped and co...
Eva Kaili arrest a ‘setback’ for EU crypto regulations, economist says
The arrest of European Parliamentarian and cryptocurrency proponent Eva Kaili has been labeled as a blow to the ecosystem by prominent blockchain industry participants. Kaili, one of 14 European Parli...
Why salaries in the United States don’t keep up with inflation
Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re...
Top economist Mohamed El-Erian says the Fed will face these two ‘unpleasant choices’ next year
Over the past year, investors and economists have repeatedly criticized the Federal Reserve for its aggressive interest rate hikes aimed at lowering inflation. Mohamed El-Erian—the economist who was o...
This Harvard-schooled economist says retiring early is a move you’ll ‘regret’ — here are 3 big problems with hanging it up in your 50s
‘One of the worst money mistakes’: This Harvard-schooled economist says retiring early is a move you’ll ‘regret’ — here are 3 big problems with hanging it up in your 50s Retire...
Top economist Mohamed El-Erian says crypto is a canary in the coal mine for an era of ‘irresponsible risk taking’—and the fallout could lead to ‘financial accidents’
Crypto investors have collectively lost $2 trillion since November of last year, and the list of casualties in the ongoing Crypto Winter continues to grow. The downturn was only compounded by the coll...
Economist Roubini Sees ‘Mother of All Stagflationary Debt Crises’
Debt around the world is growing as governments, businesses and individuals have gone on a spending and borrowing spree during the covid pandemic and as it has eased. Nouriel Roubini, chief economist ...
Crypto Lacks Utility and Could Be Entering an ‘Endless Winter,’ Says Nobel Prize-Winning Economist Paul Krugman
Nobel Prize-winning economist Paul Krugman thinks crypto could be headed for an “endless winter” as most digital assets fail to prove they have real-life value. In a new opinion piece for the New York...
The Twin Sisters Of The Dismal Science
Portrait of Thomas Carlyle, Scottish historian, satirical writer, essayist, translator, philosopher, … [+] mathematician, and teacher getty The inflation numbers are in and they’re up but the yi...
Nobel Prize-Winning Economist Paul Krugman Says Crypto Era May Be Ending
Alex Dovbnya Prominent economist Paul Krugman claims that this really might be the end of the cryptocurrency industry Famed economist Paul Krugman has opined that the cryptocurrency era might be neari...
The Crypto BloodBath Has Just Begun, Prepare For The Worst – Warns Popular Economist
The economist who called cryptocurrencies a ‘scam; has predicted the future At the end of October, the total market capitalization of cryptocurrencies was above $1 trillion; and today, it is just ove...
Economist Austan Goolsbee named next Chicago Fed president
The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. ...
Israel’s Chief Economist Introduces New Guidelines for Crypto Regulation
2 hours ago | 2 mins read Editors News Shira Greenberg proposes an extensive regulatory framework to oversee the crypto industry. Israel should strengthen assurance and protection to the investors, as...
Israel’s chief economist lays out recommendations for crypto regulation
Israel’s chief economist has laid out a list of recommendations as to how policymakers should tackle digital asset laws in the country in order to safely drive up crypto adoption. In a 109-page ...
Fed May Lift Interest Rates to 8%-9%, Economist Says
The big question raging through financial markets is how much more the Federal Reserve will raise interest rates. Since it began its rate-hike campaign in March, the Fed has lifted the federal funds r...
Top Economist Says Bitcoin In Real Trouble Over Grayscale Concerns
– Advertisement – Peter Schiff has continued to push the Bitcoin selling narrative. Peter Schiff, the Chief Economist at Euro Pacific Capital, has been actively fostering Bitcoin (BTC), s...
Bitcoin is Dead Says the Economist – Trustnodes
Bitcoin has died once again in the eyes of the mainstream media, with the Economist asking “Is this the end of crypto?” “Big personalities, incestuous loans, overnight collapses—these are the stuff of...
Economist N. Roubini slams Binance CEO as ‘walking time bomb’ on stage questioning CZ’s credibility
After Binance gained regulatory approval to offer crypto custody services in Abu Dhabi, macroeconomist and a known crypto critic Nouriel Roubini lambasted the cryptocurrency exchange and its CEO on st...
Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’ – Bitcoin News
Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to...
Fed May Need to Raise Rates to 6%, Monetary Economist Taylor Says
(Bloomberg) — The Federal Reserve needs to raise interest rates significantly higher, to perhaps 6%, to reduce inflation, influential monetary economist John Taylor said on Friday. Most Read fro...
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% – Coinotizia
Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The c...
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% – Economics Bitcoin News
Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The c...
CBDCs are a declaration of war against the banking system claims economist
CBDCs are a declaration of war against the banking system, Richard Werner — development economist and professor at De Montfort University — told Cointelegraph at Web Summit on Nov. 4. Known for his qu...
Fed Chair Powell Says ‘Very Premature’ to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy – Economics Bitcoin News
Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rat...
Bitcoin (BTC) Price Won’t Hit $300K – Predicts Popular Economist Mohamed El-Erian
Bitcoin’s price fell from its peak of $69,700 to the current average of $19,500. Investors were undoubtedly affected by this 72% price decline, especially those who chose not to liquidate their holdin...
Prominent Economist Says Crypto Will Survive in the Payments Ecosystem
– Advertisement – Notable economist Mohamed El-Erian believes cryptocurrencies will remain relevant in the ecosystem of payments as long as they are properly regulated. Mohamed Aly El-Er...
Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’ – Economics Bitcoin News
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we ...
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...