19 / 38 Relevant items tagged with #Economics
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JPMorgan CEO Jamie Dimon Sees Nuclear Proliferation as ‘Most Serious Thing Facing Mankind’
[Oct 25, 2023 6:00 PM] JPMorgan Chase CEO Jamie Dimon has identified nuclear proliferation as “the most serious thing facing mankind.” According to the United Nations, “the risk of a nuclear weapon being used is currently higher than at any time since the depths of the…
‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the Crosshairs
Egypt Becomes First MENA Country to Issue Chinese Yuan-Denominated Bonds
Mexican Billionaire Advocates Bitcoin for Wealth Protection — ‘People Need to Realize They’re Being Robbed’
Argentina Faces Presidential Runoff: Massa and Milei Vie for Leadership Amid Economic Tensions
Join the Economic Freedom Nexus — No BS Crypto News in the Context of Permissionless Exchange
Bank of America CEO Discusses Economic Slowdown and Fed Cutting Interest Rates
[Oct 21, 2023 9:30 PM] Bank of America CEO Brian Moynihan expects the U.S. economy to slow down in the middle of next year. The executive also noted that according to his bank’s research, the Federal Reserve will start cutting interest rates in the middle of next year to…
Economist Peter Schiff Warns of Deep Recession, Inflationary Depression, and Collapse of US Dollar Demand
[Oct 21, 2023 7:30 PM] Economist Peter Schiff has warned of an inflationary depression, noting that inflation will stay higher for longer, leading to a more severe and prolonged recession. He predicted that the rapidly increasing national debt and federal budget deficits…
Gold Heats Up, China’s Gold-Backed Bond Move, and the 10-Year Treasury Note’s Ominous Rise
Economists Warn Direct Iran-Israel War Could Trigger Global Recession
[Oct 19, 2023 10:00 PM] Bloomberg’s economists have warned that a direct war between Iran and Israel could trigger a global recession. “Soaring oil prices and plunging risk assets would deal a substantial blow to growth, and take inflation a notch higher,” they said…
Billionaire ‘Bond King’ Jeffrey Gundlach Warns US Dollar’s Reserve Currency Status at Risk Due to Rising National Debt
Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month
[Oct 19, 2023 3:30 PM] Federal Reserve Chair Jerome Powell stressed on Thursday the U.S. central bank remains committed to bringing down inflation and will maintain restrictive monetary policy until prices cool. Speaking at the Economic Club of New York, Powell hinted…
Congressional Investments in Defense Stocks Raise Ethical Eyebrows Amidst Ongoing Wars
[Oct 17, 2023 10:30 AM] In the midst of ongoing strife in Ukraine and Israel, stocks of publicly listed defense corporations have seen a dramatic surge. Simultaneously, U.S. government officials have backed substantial war expenditures, and reports indicate a multitude of…
Bridgewater Founder Ray Dalio Warns of ‘Brutal World War III’ — Says China and US Are at Brink of Hot War
[Oct 16, 2023 7:30 PM] Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. and China are at the brink of a hot war. He has outlined a scenario where “we will see the transition from contained pre-hot-war conflicts to…
Evergrande’s Economic Tremors Trigger Bank Run in Northern China
[Oct 16, 2023 5:30 PM] Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned…
Supporting 2 Wars Is Feasible Despite US Debt Surge, Says Yellen
[Oct 16, 2023 3:30 PM] After the United States recently accumulated hundreds of billions in debt and directed over $75 billion to Ukraine, U.S. Treasury Secretary Janet Yellen assured on Monday that the nation is financially equipped to back two wars. U.S. Can ‘Certainly…
Investment Banks See Uncertain Path Ahead as Middle East Crisis Unfolds
[Oct 16, 2023 8:00 AM] Major U.S. investment banks are urging caution and flexibility as the crisis sparked by a surprise Hamas attack on Israel earlier this month continues to evolve. Analyst notes from JPMorgan and Morgan Stanley provide insight into how Wall Street is…
JPMorgan CEO Warns of ‘Most Dangerous Time the World Has Seen in Decades’
[Oct 14, 2023 7:30 PM] JPMorgan Chase CEO Jamie Dimon has warned of “the most dangerous time the world has seen in decades.” The executive explained that “the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and…
Jack Dorsey Contributes $1M to Kickstart Guaranteed Basic Income Pilot in St. Louis
[Oct 12, 2023 11:30 PM] Jack Dorsey, co-founder of Twitter and current CEO of Square Inc., is contributing $1 million to support the launch of a pilot program for guaranteed basic income in his hometown of St. Louis, Missouri. According to the city, applicants will be…
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
[Oct 12, 2023 10:30 AM] In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%…
Renowned Investor Jim Rogers Warns of US Dollar Dominance Ending — Sees Chinese Yuan as the Only Competitor
[Oct 11, 2023 8:30 PM] Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency…
Peter Schiff Anticipates No Further Interest Rate Hikes Amid Middle East War — Warns ‘Crisis Is Assured’
Billionaire Paul Tudor Jones Sees ‘Most Threatening’ Geopolitical Environment — Warns of China, Russia, Iran
[Oct 10, 2023 8:00 PM] Billionaire investor Paul Tudor Jones has warned of the effects of the geopolitical uncertainty around four nuclear powers, including China, Russia, and Iran. “It might be the most threatening and challenging geopolitical environment that…
Israeli Shekel Hits 7-Year Low Amid Conflict; Central Bank Launches $30B FX Intervention
[Oct 10, 2023 8:00 AM] On Monday, as tensions escalated between Israel and Hamas militants from the recent weekend skirmishes, the Israeli shekel plummeted to its weakest level in seven years. Responding to the declining currency, the Bank of Israel unveiled a strategy…
The Economic Engine of War — Tracing Fiat Currency’s Role in Global Conflicts
[Oct 10, 2023 12:30 AM] When Satoshi Nakamoto created Bitcoin, many viewed it as a solution to the drawbacks of fiat money. Historically, about 800 fiat currencies have come and gone, with many ultimately failing. Intriguingly, the fundamental reasons for establishing the…