How Turks Are Using Tether to Protect Their Wealth from Hyperinflation
Turks are flocking to stablecoins like tether (USDT) as their national currency, the lira, continues to lose value against the U.S. dollar. The lira hit a record low after the central bank stopped intervening in the foreign exchange market following the reelection of President Erdogan. In this article, we will explore why Turks are choosing […]
Investors Overseeing $5 Trillion are Betting That an Economic Downturn Can Be Avoided
Professional investors are loading up on bets that an economic downturn can be avoided despite all warnings to the contrary. It’s a dangerous gamble, for a variety of reasons. Money managers have been favoring economically sensitive stocks, such as industrial companies and commodity producers, according to a Goldman Sachs Group Inc. study on the positioning […]
Powell Says Recession May Be the Price to Pay for Crushing Inflation
Federal Reserve officials gave their clearest signal yet that they are willing to tolerate a recession as the compensation needed to regain control of inflation. Policymakers were criticized for being too late to realize the size of America’s inflation problem. Policymakers are moving aggressively to catch up. They raised interest rates by 75 basis points […]
IMF Expects the US Economy to Experience High Inflation for at Least Another Year or Two
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation. It would be for at least another year or two. “I would be careful when looking at a data point for the United States,” warned the IMF’s first deputy managing director, Gita Gopinath. IMF on the US Economy and Global Inflation The […]
India’s Currency Dove urges slow hikes as rates approach neutrality
A dove of Indian monetary policy signals. It is time to abandon the aggressive pace of increases in borrowing costs. It says the inflation-adjusted real interest rate is approaching neutral ground. As a result, it will reach a level where it can help control inflation without stifling economic growth. Sticking to larger increases instead carries […]
Asia’s inflation buffers weaken
Today we look at how Asia’s anti-inflationary defenses are weakening. What big central banks are doing this week? And how are global imbalances widening? The worst to come Many Asian economies have managed to protect their citizens. The protection is from rising energy and food prices that are sweeping the global economy. The global economy […]
Asian markets mostly lower ahead of the US holiday
Asian markets were mostly lower in cautious trading on Monday ahead of a federal holiday in the United States. It Concerns inflation and the risks of a global recession of the central bank’s efforts to rein in it. It appeared to outweigh Wall Street’s positive close on Friday. Stocks fell in most major markets but […]
The UK is closing in on the inflation rate with double digits
UK inflation likely hit a new four-decade high above 9% in May. Underscoring the challenge for the Bank of England as it threatens faster interest rate hikes in response. A week after rising U.S. consumer prices prompted the Federal Reserve’s accelerated 75 basis point rise. That amid spasms in global financial markets. The British data […]
US Stock Market rebound faces key inflation test
US stock market rebound faces key inflation test as Wall Street Week Ahead. A rally that pushed U.S. stocks off the edge of a bear market faces a major test next week. It is when consumer price data is offered. Offers insight into how much more the Federal Reserve will have to do in its […]
The US economy is going into the toilet
JPMorgan Chase CEO Jamie Daman says an economic hurricane is coming. It seems like the US economy is going into the toilet. Tesla’s Elon Musk says he has a very bad feeling about the decline. Companies are reducing their earnings forecasts. Oh, and we’re in the midst of an energy and inflation crisis, and stocks […]