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Category: Economics

Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’

Posted on March 19, 2023 By Caden
Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’

Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.” Novogratz on Global Credit Crunch and Recession Galaxy Digital CEO Mike Novogratz shared his outlook for the U.S….

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Banking Crisis, credit crunch globally, credit crunch US, Economics, Financial Crisis, Galaxy Digital, Michael Novogratz, Mike Novogratz

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

Posted on March 5, 2023 By Caden
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of…

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Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

Posted on January 7, 2023January 27, 2023 By Caden
Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same…

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brics, BRICS national currencies, Chinese Yuan, commodity, currency market, de-dollarization, Economics, Elena Fabrichnaya, Energy, Federation Assembly, international financial system, Legislation, national currencies, OIL, parliamentary forum, R5 currency, Rand, real, renminbi, reserve currencies, reserve currency, ruble, rupee, Russia, Russian International Affairs Council, Sberbank, Settlement, summit, US Dollar, Valentina Matvienko, Vladimir Putin, Yaroslav Lissovolik

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

Posted on June 21, 2022January 27, 2023 By Caden
Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield,…

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Bank of Russia, Central Bank, Charles Lichfield, China, conflict, Crude Oil, cut rate, Economics, EU, Gas, India, interest rate, Martin Armstrong, OIL, Peace Talks, rouble, ruble, ruble crash, ruble falls, ruble plunges, Ruble Rises, Ruble strength, Russia, russia bank run, Russia Ruble, russian bank run, russian sanctions, Sanctions, Ukraine, Ursula Von Der Leyen, Vladimir Putin, War, Western Allies, Youtuber Jake Broe

Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down

Posted on June 21, 2022January 27, 2023 By Caden
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down

Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained that while it will take two years, inflation “will be moving down.” A 2%…

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2%, Ben Bernanke, Central Bank, Cleveland Fed branch president, Economics, Fed, Fed president, Federal Reserve, growth, Housing, inflation rate, Inflation rising, Loretta Mester, Monetary Policy, No recession, rate hikes, rates, Recession, Slow Growth, spending, US Central Bank, US Dollar, US economy

President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs

Posted on June 21, 2022January 27, 2023 By Caden
President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs

President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.” Biden: U.S. Recession Isn’t Inevitable President Joe Biden…

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Economics, Janet Yellen, janet yellen recession, Joe Biden, joe biden recession, president joe biden, Recession, recession inevitable, recession not inevitable, treasury secretary janet yellen, u.s. president recession

Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’

Posted on June 21, 2022January 27, 2023 By Caden
Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’

Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing,” said the economists. Deutsche Bank’s Recession Forecast Deutsche…

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Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation

Posted on June 21, 2022January 27, 2023 By Caden
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation

Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer inflation expectations if energy prices rise further, even if activity slows sharply,” they explained. Goldman Sachs on Increased Risk of Recession Goldman Sachs’ economists,…

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