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Argentina’s President Javier Milei Issues Major Deregulation Measures via Executive Order
22.12.2023
Javier Milei, president of Argentina, has issued an emergency executive order repealing a series of laws to prepare the state for upcoming privatization and modernization moves. The executive order, which has 366 articles, touches on major aspects of Argentine life, including rents, job regulation...
Economist Harry Dent’s Grim Prediction — 2024 Market Crash to Eclipse Great Depression
21.12.2023
In a recent interview with Fox News, renowned economist Harry Dent issued a dire prediction for the global economy, forecasting 2024 to be the year of the most significant financial crash in living memory. Citing a combination of overvalued markets, excessive stimulus spending, and artificial...
China’s Current Economic Challenges Echo Japan’s Past Economic Struggles
19.12.2023
Experts highlight the critical need for China to learn from Japan’s prolonged economic stagnation, emphasizing the urgency to transition from manufacturing and investment reliance to boosting domestic consumption. Similarities to Japan’s Lost Decades in China’s Current Economic Slowdown...
Treasury Secretary Janet Yellen Discusses US Economy, Recession Risk, Soft Landing
15.12.2023
U.S. Treasury Secretary Janet Yellen believes that inflation has come down meaningfully but there’s still further to go for the Federal Reserve to achieve its 2% inflation target. She noted that the central bank has two risks to manage. “One is that inflation doesn’t come down...
Powell’s Fed Policy Criticized: Experts Claim ‘Phony Economy’ and ‘Credibility Destruction’ Post Rate Decision
14.12.2023
The Federal Reserve’s most recent session of the Federal Open Market Committee (FOMC) wrapped up, leaving interest rates as they were. The market, expecting rate reductions in 2024 and influenced by Fed Chair Jerome Powell’s dovish stance, reacted positively. This uplift was evident...
US-China Rivalry Risks Cold War II, Warns IMF Official
13.12.2023
The International Monetary Fund (IMF)’s first deputy managing director has warned of the risk of Cold War II. Noting that in the Cold War, it was the U.S. and the Soviet Union, the IMF official stressed that now it is the U.S. and China. “If fragmentation deepens, we could find...
US CPI Sees Slight Uptick in November, Fed Likely to Maintain High Rates
12.12.2023
In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs witnessing a marked reduction, in contrast to...
Robert Kiyosaki Doubles Down on Biggest Crash Prediction — ‘No Time to Play Russian Roulette With Your Life’
12.12.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that the biggest crash in history may be starting. Emphasizing that the U.S. banking system is bankrupt, he warned that the S&P 500 will be next to collapse, which will “toast millions” of U.S. retirement plans. There’s “no time...
Economist Steve Hanke Blasts Nobel Laureate Paul Krugman’s ‘Global Phenomenon’ Inflation Remark
11.12.2023
Johns Hopkins University applied economics professor Steven Hanke has lambasted fellow economist and Nobel laureate Paul Krugman’s claim that inflation is a “global phenomenon.” Paul Krugman suggested that progressive U.S. citizens can still be convinced that the Biden...
Fed Observer Jim Grant Foresees Long-Term High Rates as FOMC Meeting Approaches
11.12.2023
Market participants, including both investors and traders, have their attention keenly set on the upcoming Federal Open Market Committee (FOMC) meeting, slated for Dec. 13, 2023. There is widespread speculation about whether Fed Chair Jerome Powell will continue to uphold the current elevated...
Russian President Putin: Western Financial System Dying, Major Western Banks Will Be Deprived of Their Monopoly
10.12.2023
Russian President Vladimir Putin has stated that the Western financial system is “clearly becoming obsolete.” Furthermore, he said solutions involving blockchain and central bank digital currencies (CBDCs) “will pave the way for revolutionary shifts that will deprive the major...
Robert Kiyosaki Warns ‘This Next Crash May Turn Into a Depression’
8.12.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that a soft landing for the U.S. economy is a fantasy, emphasizing that a crash landing is more likely. Noting that he already warned of this giant crash in his Rich Dad’s Prophecy book, the famous author stressed: “This next crash...
Financial Giant ING Expects Fed to Cut Rates From Second Quarter Onwards
5.12.2023
Financial giant ING has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. “We are currently forecasting 150bp of rate cuts in 2024 with a further 100bp in early 2025,” ING’s chief international economist detailed, noting that U.S. economic data...
Gold Nears Record High Amid Global Uncertainty, Surges to $2,071 an Ounce
3.12.2023
The price of an ounce of pure gold has approached its highest historical level this weekend, reaching $2,071 per ounce. This peak nearly matches its record three years ago on August 7, 2020, when during the Covid-19 pandemic, spot gold prices soared to an unprecedented high of $2,072.50 per ounce....
JPMorgan CEO Jamie Dimon Warns of Higher Interest Rates and Recession — ‘I’m Not Trying to Scare People’
3.12.2023
JPMorgan Chase CEO Jamie Dimon has warned that something bad may happen in the U.S. economy. “I’m not trying to scare people. I’m more in the category that something could go wrong,” he stressed. “A lot of things out there are dangerous and inflationary. Be prepared …...
Robert Kiyosaki Warns of Giant Market Collapse, War, ‘Really Hard Times Ahead’ for Millions
3.12.2023
Rich Dad Poor Dad author Robert Kiyosaki has issued more warnings about the U.S. economy, including a giant market collapse, a possible next Great Depression, and another war. The famous author emphasized that millions of people will face “really hard times ahead.” He urged them to...
Fed’s ‘Beige Book’ Paints Dim Economic Picture, Experts Warn Central Banks ‘Have No Ability to Save Anything’
30.11.2023
On Wednesday, following the market’s closure, major U.S. indices concluded the day unchanged, coming off a rise the previous day. This surge was influenced by the dovish remarks made on Tuesday by Federal Reserve Governor Christopher Waller. Observers of the market infer that Waller’s...
Economist Peter Schiff: US Dollar Near ‘Historic Crash’ — ‘Forget Soft Landing, It’s Crash and Burn’
30.11.2023
Economist Peter Schiff has warned that the U.S. dollar is “on the verge of a historic crash.” He stressed that there won’t be a soft landing for the U.S. economy, predicting a “crash & burn” scenario. Schiff highlighted the potential for increased inflation, rising...
Economist Steve Hanke: US Dollar Weaponization Has Powered Record Central Bank Gold Purchases
28.11.2023
Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the weaponization of fiat currencies like the dollar...
Robert Kiyosaki Says Prepare for Hyperinflation — Sees Bitcoin as the ‘Best Protection’
22.11.2023
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to prepare for hyperinflation, emphasizing that bitcoin is “your best protection.” He perceives the cryptocurrency as “people’s money,” the value of which cannot be controlled by governments. Robert Kiyosaki: Bitcoin...