26 / 38 Relevant items tagged with #Economics
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Brazil to Push De-Dollarization Agenda at BRICS Meeting
[Jun 23, 2023 10:30 PM] Brazilian President Luiz Inácio Lula da Silva has revealed his intention to raise the issue of de-dollarization at the next BRICS meeting. “Why Brazil and Argentina would trade in dollars. Why don’t we do it in our own currencies? Why…
Economist Peter Schiff Slams Fed Chair Over Economic Concerns — Claims Powell Overlooks ‘Far More Relevant’ Factors
[Jun 23, 2023 8:30 PM] Economist Peter Schiff has slammed Federal Reserve Chairman Jerome Powell over several key issues concerning the U.S. economy, the banking system, and the U.S. dollar. “Powell is a coward. He is not doing his job,” Schiff claimed, highlighting…
Macro Strategist David Hunter Predicts Global Markets’ ‘Melt Up’ Surge in Q4 2023, Followed by Impending ‘Bust’
[Jun 23, 2023 2:30 PM] David Hunter, the chief macro strategist at Contrarian Macro Advisors, predicts an interesting development for global markets in the fourth quarter of 2023. According to him, global markets will experience a remarkable surge, aptly described as a…
BRICS: History, objectives and an overview of the global alliance
[Jun 23, 2023 3:07 AM] Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance.
Russia Opposes French President Macron Attending BRICS Summit, Citing ‘Hostile and Unacceptable’ Policy Toward Moscow
Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status
[Jun 22, 2023 6:00 PM] Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world’s reserve currency status. He believes that the USD hegemony is a consequence of America’s economic dominance. Fed…
Balaji Srinivasan Highlights De-Dollarization Past of Biden’s Top Economist
[Jun 22, 2023 1:30 AM] Former Chief Tech Officer at Coinbase, Balaji Srinivasan, took to Twitter to remind his followers about Jared Bernstein’s earlier stance on de-dollarization. The angel investor sees logic in views that the new White House top economist has now…
Gold to $2,100 — Investment Management Firm Says Gold to Be Key Instrument in New Financial Order
[Jun 21, 2023 3:30 PM] Central banks, particularly those in emerging economies, are ramping up their gold reserves in preparation for a new monetary regime, signaling a potential loss of reserve currency status for the U.S. dollar, according to the investment management…
Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
[Jun 21, 2023 11:30 AM] Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressure
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
[Jun 21, 2023 8:30 AM] This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas…
De-Risking From China Will Destroy Western Economies, Think Tank Founder Warns
[Jun 20, 2023 9:30 PM] The founder of a German-based political and economic think tank has cautioned that attempts to de-risk from China “will only lead to the self-destruction of the economies of the West.” She stressed that de-risking policies would hurt their…
Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request
[Jun 19, 2023 11:30 PM] In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a…
Goldman Sachs: Markets Too Optimistic About Inflation Cooling
[Jun 18, 2023 8:30 PM] Goldman Sachs’ strategists have cautioned that markets seem to be more optimistic than they are about the pace of inflation’s decline. “Although we expect further declines in inflation going forward, markets appear considerably more…
JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy
Russian President Putin Discusses End of US Dollar Dominance — Claims Russia Has No De-Dollarization Plan
[Jun 17, 2023 9:30 PM] Russian President Vladimir Putin has discussed the end of the U.S. dollar dominance, claiming that Russia has nothing to do with the USD’s downfall. “We have never had and do not have the goal of de-dollarization,” Putin also stressed, highlighting
Economist Peter Schiff: US Dollar Decline Will Be ‘Far Greater’ Than Yellen Warns — Fed Chair Powell ‘Clearly Worried’ About Financial Crisis
Robert Kiyosaki Warns More Banks Are About to Fail
[Jun 17, 2023 5:30 PM] Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has warned that more banks are about to fail. “Regional banks and mortgage companies are falling,” he cautioned, urging investors to think for themselves and not rely on the…
Economist Steve Hanke Warns of an ‘Ugly’ Recession Looming and Accuses Federal Reserve of Directionless Policies
[Jun 17, 2023 3:30 PM] Steve Hanke, an economist and professor of Applied Economics at Johns Hopkins University, as well as a former member of Ronald Reagan’s Council of Economic Advisors, recently expressed his belief that the U.S. Federal Reserve is lacking…
US Treasury Secretary: No Alternative Reserve Currency Can ‘Replicate’ Role Played by the Dollar
[Jun 16, 2023 1:30 AM] United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the…
Economist Discusses Viability of BRICS Currency — Says Pegging to Chinese Yuan Would Be ‘First Major Step’
[Jun 14, 2023 11:30 PM] An economist, who previously worked at the Bank for International Settlements (BIS), has provided insights on the possibility of a BRICS currency coexisting with the U.S. dollar. Noting that China is a major trading partner of all BRICS nations, he…
US Treasury Secretary Yellen: Decoupling From China Would Be ‘a Big Mistake’
Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year
[Jun 14, 2023 1:20 PM] In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is…
US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates
[Jun 13, 2023 10:30 AM] The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open…
Honduras Applies to Join BRICS Bank
[Jun 13, 2023 2:30 AM] The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry…
The first-world debt crisis means you can expect more pain ahead
[Jun 12, 2023 12:21 PM] You should be prepared for gradual deterioration in your quality of life — or search for alternative assets that could protect your wealth.
Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’
[Jun 11, 2023 8:00 AM] Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading…
Russian Banker Predicts End of Dollar Dominance as Global Power Shifts
[Jun 10, 2023 10:00 PM] Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove…
Economist Peter Schiff Says the Fed Destroyed US Banking System — ‘It’s Insolvent’
[Jun 10, 2023 8:00 PM] Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while “the Fed funds rate is 5.25% and the real inflation rate…