Economy


Federal Reserve Expects US Economy to Grow Faster than Forecast
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Author: Maria Andretti

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 […]

19 Mar 2021
US Economy Sees 379,000 New Jobs in February
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Author: Michael Stern

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 […]

9 Mar 2021
German Economy on the Rise Thanks to Exports and Construction
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Author: Jeffrey Taylor

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 […]

25 Feb 2021
UK Suffers Record-Breaking Contraction Amidst Coronavirus Pandemic
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Author: Maria Andretti

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 […]

16 Feb 2021
Dow Drops 500 Points, S&P 500 Sees 4-day Losing Streak
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Author: Michael Stern

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% […]

23 Sep 2020
Factors Driving the Value of the United States Dollar
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Author: Maria Andretti

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 […]

22 Sep 2020
Is There Any Chance of the U.S. Dollar Collapsing?
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Author: Michael Stern

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 […]

17 Sep 2020
China Is Getting Close to Launching the Digital Yuan
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Author: Jeffrey Taylor

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 […]

10 Sep 2020
Berkshire Hathaway Reducing Dependence on the U.S. Economy
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Author: Maria Andretti

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., […]

3 Sep 2020