Economy

With the rate at which vaccinations are being administered, and with the flow of relief funds into the American economy, the Federal Reserve is expecting a faster and more significant rate of economic growth than originally forecast.  The official prediction in December of last year was 4.2%. However, the Reserve has revisited that prediction, forecasting […]

The US economy continues its upwards momentum in February as the national unemployment rate falls from 6.3% to 6.2% in February of 2021.  The total nonfarm employment in the nation surged by 379,000 jobs, according to data released by the US Bureau of Labor Statistics.  Of the 15 major industry groups, nine of them are […]

Germany, one of the leading economies in Europe, enjoyed a Q4 growth of 0.3%. This boost in GDP signals a welcome sign of recovery from the damage done to the economy by the Coronavirus pandemic. This stronger-than-predicted increase resulted from a solid construction industry and an increase in overall exports out of the country.  Given […]

The Coronavirus has ravaged the global economy since March of 2020. Every nation on the planet has been affected by the virus, but none more so than the UK. The world leader saw a record-setting contraction of 9.9% coming into 2021.  This 9.9% shrinking of the economy is a figure that hasn’t been seen in […]

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., […]