Forget the 1970s — this market is drawing comparisons to the 1870s
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank...
Rising Interest Rates Will Crush the Federal Budget
The Federal Reserve’s policies of increasing interest rates and quantitative tightening—reducing its $8.9 trillion balance sheet—will increase the volume and cost of federal government borrowing,...
Debt crisis looms for developing countries amid ′perfect storm′ | Business | Economy and finance news from a German perspective | DW
When Ghana lost access to international credit markets late last year, it was a foreboding of the debt troubles that awaited the developing world. The...
Bolivian central bank wants to become sole buyer of gold
The Central Bank of Bolivia (BCB) has proposed a law that would effectively make it the sole purchaser of gold produced within the country. The...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with...
A Strong Dollar, a Weak Yen: Why the Gap Could Drive Inflation Even More
Text size The Japanese Yen has declined sharply against the U.S. dollar this year, which could create another destabilizing force for the global economy. Behrouz...
U.S. inflation expected to keep running hot: Traders see 4 straight months of roughly 9% or higher CPI readings
Just a day after Federal Reserve policy makers delivered their biggest rate hike in 28 years, the U.S. inflation outlook continues to look dire in...
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds By Cointelegraph
[ad_1] Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds ‘s (BTC) month-long choppy price action...
The CBO Lays Bare Washington’s Financial Mess
CHICAGO, IL – NOVEMBER 01: President Joe Biden. (Photo by Scott Olson/Getty Images) Getty Images Washington’s financial prospects are depressing. The authoritative Congressional Budget Office...