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Posts published in “Economy”

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…

EU: Let Them Eat Insects

Brussels is moving to permit its member states to serve insects and worms as human food. The European Union’s Food Safety Authority will allow mealworms,…

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…

Denmark Passes Forced Coronavirus Vaccinations Law

Denmark’s parliament passed an emergency coronavirus law on Thursday giving health authorities powers to force testing, treatment and quarantine with the backing of the police.

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