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Posts published in “Finance”

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: 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…

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…

Unlimited QE or the Willy Wonka Money Factory

“Financial crises recur in part because memories fade.” – Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson Jr in “Firefighting: The Financial Crisis…

Covid-19: Italy Bank Staff May Strike

Italy’s banking staffs have worked without protection against the coronavirus epidemic, and they may go on strike, according to the head of the sector’s main…

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.

Manufacturing Slips Into Recession

As the Federal Reserve slashes the cost of money to zero, Coronavirus is requiring closures, cutbacks and social distancing. 

The World Wants Cash Amid Coronavirus Pandemic

The coronavirus pandemic is shocking markets. The United States is now grappling with the disease. Volatility in major indexes have business on edge.

How You Can Get a Gold-Backed Debit Card

While precious metals have long been a store of value, they are not practical for using in everyday transactions. You would need to hold the…

Moody’s Downgrades Outlook for Global Banks

Moody’s Investors Service has downgraded the outlook for global banks. Slowing growth, low interest rates, and volatile operating conditions turned the ratings firm’s outlook on…

High-End Finance Jobs Will Be Displaced By AI, Too

Artificial intelligence is not just coming for the jobs of barbers and baristas. It is coming for high-paid professions, too. Even financial professionals could see…

Global Debt Remains At Record High

Global debt will reach more than $255 trillion, according to the Institute of International Finance. Nearly $32,500 for each for the 7.7 billion people on…

Beyond Meat ($BYND) Up 600% Since IPO

Beyond Meat ($BYND) shares moved higher once again Monday morning. The stock persists at higher than expected levels after one of the most successful IPOs…

Uber, Lyft IPOs Means Fewer Rider Promotions

The Uber stock trend is still unclear this morning after increasing 1% Friday. Uber lost $1 billion last quarter, which is not as bad as…

U.S. Imposes Sanctions Against Iran Financial Network

The U.S sanctioned a network of Iranian companies worth billions on Tuesday, including banks and funds accused of financing the country’s paramilitary apparatus. Washington’s move…

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