Economy

Monday saw stocks fall as fears over the possible worsening of the current COVID-19 virus. The market also reacted to the uncertainty of a future fiscal stimulus. The Dow Jones Industrial Average fell by 1.8 percent to close 509.72 points lower at 27, 147.70. The S&P 500 did not fare any better. It lost 1.2% […]

The decision to either buy or sell U.S. dollars is based on the economy’s performance. Investment from all corners of the world flows in, and is directed into a strong economy. Investors see the U.S.’s safety, and they recognize their ability to achieve a reasonable rate of return on their money. These people invariably seek […]

To encourage lending and investment, the U.S. Central Bank began buying long-term securities from the open market. The immediate impact is a lowering of interest rates and adds new money into a beleaguered economy. As a result of quantitative easing, many worried investors began asking, “Will this move lead to a dollar collapse?” On the […]

Although the Peoples Bank of China has yet to announce a launch date, the digital yuan will be the first digital version of a country’s currency. China is making significant efforts to keep pace with, and control, a rapidly digitized economy. Throughout the year, trials have taken place in various cities. The trials and tests […]

Berkshire Hathaway, led by Warren Buffet, the “Oracle of Omaha,” is reducing its dependence on the United States economy. After the Federal Reserve announced its intention to drive up inflation, Berkshire Hathaway invested in excess of $6 billion in five of the largest trading companies in Japan; Marubeni Corporation, Mitsubishi Corporation, Mitsui & Co. Ltd., […]

During March, the value of the USD reached a three-and-a-half-year high against the world’s other most tradeable currencies. Traders flocked in droves to the safety of the dollar due to the devastating effects of the coronavirus pandemic. However, as a direct result of the slow response to the virus, the US’s economic recovery is being […]

Central bank digital currencies are essentially a cryptocurrency issued by a government. This digital representation of the country’s fiat currency is designed to replace physical, fiat currencies. The implementation of CBDC requires the issuing central bank to make several critical decisions. Perhaps the most crucial decision is whether the digital currency will be made available […]

The action of the markets continues to confound financial professionals. The economy in the United States is in the worse shape it has been in since the early years of the 20th century, and stock prices are soaring. The government continues on a borrowing spree. The amount of borrowing may hit an all-time record of […]

This year, 2020, has not been good for many things, but it has been good for gold. Gold prices have not been as high as they are today since 2011. The pandemic has driven investors to flee to safe havens, and there does not appear to be any signs of early abatement. To exacerbate the […]