4 / 34 Relevant items tagged with #Economics
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Robert Kiyosaki Reveals His Secret to Surviving Inflation — Urges You to Do What He Did
Nobel Laureate Joseph Stiglitz Warns of the Dangers of Trump’s Victory for the U.S. Economy
BRICS Erodes US and EU Hegemony as Nations Seek Sovereignty and Equal Cooperation
[Oct 15 6:30 AM] BRICS is undermining the hegemony of Washington and Brussels as nations increasingly seek equal dialogue and cooperation that prioritize their own interests, according to Russia’s State Duma speaker. He stressed that countries are moving away…
China’s Trade With BRICS Surges: A $653 Billion Boost in Emerging Markets
[Oct 15 1:30 AM] China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations…
Analysts React to China’s Lackluster Stimulus Measures: Will a ‘Big Move’ Follow?
[Oct 14 2:50 PM] Chinese investors have been left wanting more from the latest stimulus measures announced by authorities. Analysts are attempting to explain the reasons behind China’s lack of deeper action to stimulate its economy and how this might affect…
US Share of World Economy Projected to Reach Historic Low
[Oct 13 2:30 AM] The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady…
JPMorgan CEO Jamie Dimon Warns of ‘Treacherous’ Global Tensions — and It’s Getting Worse
[Oct 13 1:30 AM] JPMorgan Chase CEO Jamie Dimon sounded the alarm on mounting global instability, warning it could spark far-reaching economic disruptions. The executive stressed the toll of geopolitical tensions and the looming risks of fiscal deficits and…
Robert Kiyosaki Predicts ‘Everything Crash’: Bitcoin May Drop to $5,000 Amid Market Collapse
BRICS Slashes US Dollar and Euro Transactions to Below 30%
[Oct 12 3:30 AM] BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian finance official. The U.S. dollar and euro account for less than 30% of payments among member states…
Russian Finance Minister: Western Policies Hurt the US Dollar
[Oct 11 9:30 PM] Russian Finance Minister Anton Siluanov believes that the policies of the US and its Western allies are affecting the role of the U.S. dollar as a reserve currency. Siluanov stated that while the U.S. dollar will remain popular, the BRICS bloc will…
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
[Oct 11 6:30 AM] Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’…
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
[Oct 11 2:30 AM] Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to…
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
[Oct 10 8:30 PM] USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the…
BRICS More Attractive Than EU, Says Serbia’s Vulin
UBS Maintains Optimism in Markets Amid Middle East Uncertainty
[Oct 9 10:40 PM] Global investment bank UBS remains optimistic about market prospects despite escalating geopolitical tensions in the Middle East. While fighting between Israel and Hezbollah and missile attacks from Iran have caused concern, oil prices are stable…
Vitalik Buterin seen as dark horse for 2024 Nobel Prize in Economics
[Oct 9 9:04 PM] The co-founder of Ethereum is considered a “non-traditional” pick, but his contributions are undeniable.
China Strengthens Russia Partnership via BRICS and SCO Cooperation
[Oct 9 3:30 AM] China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). At an event celebrating 75 years of diplomatic relations, State Councilor Shen…
India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade
BRICS Unified Currency Deemed Premature by Russian Official
[Oct 8 2:30 AM] Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial…
Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens
[Oct 8 1:30 AM] Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s…
Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar
[Oct 7 10:30 PM] Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto…
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
[Oct 6 10:30 PM] Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that…
Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’
[Oct 5 11:30 PM] Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from…
BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements
[Oct 3 9:35 PM] Deputy Chairman of the State Duma Alexander Babakov proposed creating a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic…
Russia-China Trade Grows Despite Global Challenges, Putin Highlights
[Oct 2 8:30 AM] Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade…
UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings
[Oct 1 12:30 AM] Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the…
China-Russia Alliance Expands, Elevating US Risks in Asia and Middle East
[Sep 30 3:30 AM] Frederick Kempe, CEO of the Atlantic Council, highlighted two pressing concerns at the UN General Assembly: the intensifying China-Russia partnership and doubts over US leadership. Alongside former Secretary of State Condoleezza Rice, he warned of…
CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting
[Sep 28 2:45 PM] In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures…