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Posts published in “Depression”

IMF: Governments Should Use “Equity-Like” Stimulus

International Monetary Fund chief economist Gita Gopinath has advised governments to implement “equity-like” support instead of loans as firms increasingly become insolvent due to lower…

Greece Rejects IMF-Styled Reforms

Greek Prime Minister Kyriakos Mitsotakis says he would not subject the country to the oversight by the “troika” of the EU, the European Central Bank,…

IMF Lowers Global Growth Forecast

The International Monetary Fund lowered its global growth forecast for this year and next in the wake of “The Great Lockdown.” The IMF forecasts a…

The Second Great Depression Started In 2020

As economies begin to close again, with politicians citing increases in COVID-19 cases, retail sales have been on the increase. For instance, retail sales rose…

IMF: The SDR’s Time Has Come

75 years after the creation of the Bretton Woods conference, The IMF is saying now is the hour of the Special Drawing Right (SDR), which…

Fed’s Powell Calls For More Economic Stimulus

Federal Reserve Chair Jerome Powell told lawmakers on Wednesday that the economy needs more help to economic stimulus to power through the economic impacts of…

Is A Dollar Crash Inevitable?

Stephen Roach, a leading authority on Asia, is worried of a quickly shifting global order and the U.S. budget deficit, suggesting it might spark a…

Manhattan Real Estate Contracts Plunge

Number of contracts for Manhattan apartments were down nearly 84% from May 2020 to May 2019. While there were a total of 160 contracts signed…

Lockdown Has Destroyed The Social Fabric Of India

Jayant Bhandari, who MBA from Manchester Business School (UK) and B. Engineering from SGSITS (India), believes we are now coming to realize how excessively governments…

US Grocery Prices Increase Most Since 1974

The Labor Department reported Tuesday that prices US consumers paid for groceries increased 2.6% in April, marking the largest one-month increase since February 1974.

The Federal Reserve’s Response To Coronavirus

“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Federal Reserve said as it cut interest…

Central Banks May Cease Targeting Inflation Rates

The Federal Reserve may stop targeting inflation, the measure of price increases for goods and services over time, as the coronavirus response threatens economic depression…

The New Normal: Austerity For All

The lock downs, which have swept the globe, are unprecedented. The U.S. economy is expected to wither by at least a quarter––as much as during…

JPMorgan Predicts 20% Unemployment, 25 Million Jobs Lost

As the coronavirus outbreak has resulted in 16.8 million unemployment claims, and approximately one-third of Americans not paying April rent, JPMorgan predicts gross domestic product…

The Federal Reserve Is Now Buying Junk

The Federal Reserve added junk bonds to the list of assets it can buy as businesses, particularly small businesses, expect to have trouble surviving the…

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