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Posts published in “Economy”

Bitcoin 2021: Patrick Byrne On The End of Fiat

Patrick Byrne spoke at Bitcoin Magazine’s Bitcoin Conference 2021 on the End of Fiat stage in what he termed a “rare, rare appearance.”  After the…

Should you invest in Bitcoin right now?

Should you invest in bitcoin right now?  When bitcoin was launched initially, it was meant to be a platform that allows for anonymous payments. The…

US Food Banks Are Overwhelmed With Demand

From Anchorage, Alaska to Miami, Florida, millions of Americans worry where from their next meal will come. Since the coronavirus outbreak began 10 months ago,…

How COVID-19 Changed The World Forever

The response to the COVID-19 pandemic will bring about serious change. Factory and service jobs, for instance, will be assumed by robots. There will be…

Biden’s “Build Back Better” Plan Is The Great Reset

Joe Biden’s “build back better” plan is far different than Donald Trump’s “America First” platform. The so-called ‘Great Lockdown’ has devastated the global economy.  Biden…

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…

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…

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…

NBER: US Economy Now In Recession

The National Bureau of Economic Research Monday said that the COVID-19 crisis launched the US economy into a recession, thus ending the longest economic expansion…

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…

A Quarter of Americans Have Sought Unemployment

Americans seeking unemployment benefits increased by nearly three million last week, bringing total jobless claims to 36 million––nearly a quarter of the American workforce of…

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…

Global Central Banks Meet To Discuss More QE

Global central banks have already set interest rates at record lows and earmarked trillions of dollars on asset purchases as an economic response to the…

Public Debt Skyrockets Worldwide

Public debt is skyrocketing as central banks expand their balance sheets to record levels.  “The amounts being purchased are enormous, and it just tells you…

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