Kategorie: Wirtschaft

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

Deutsche Bank has updated its recession forecast. The banks economists now seean earlier and somewhat more severe recessionthan previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning......

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

Cleveland Federal Reserve Bank president Loretta Mester doesnt 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......

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

Die USA. Federal Reserve raised the federal funds rate by 75 basis points (bps) Am Mittwoch, and it was the largest increase since 1994. According to the Fed members expectations, the central bank will likely add another 1.5 percentage points by......

American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency

Two months after the Russian ruble fell below a U.S. penny, the transcontinental countrys fiat currency is the best performing currency worldwide. American economists are baffled by theunusual situationbecause a country facing stiff sanctions typically sees its fiat currency......

Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead

Global investment bank Goldman Sachspresident and chief operating officer has warned of unprecedented economic shocks and tougher times ahead. His statement echoes JPMorgan CEO Jamie Dimons warning that ahurricaneis coming our way. Goldman Sachs Presidents Warning About the......

Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’

The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institutions gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the banks foreign exchange......

Tesla CEO Elon Musk Has ‘Super Bad Feeling’ About US Economy — Biden Responds

Tesla and Spacex CEO Elon Musk says he has asuper bad feelingabout the U.S. economy. President Joe Biden responded with a list of major investments by large corporations and wished Musk luck on his trip to the moon. Elon......

Prüfbericht: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low

After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currencys latest slide is expected to worsen Lebanons economic challenges. Pound Depreciation In a sign that......

‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus......

Prüfbericht: Die BRICS-Länder sollen erwägen, der globalen Hegemonie des Dollars entgegenzuwirken

Chinese experts have called on leaders of BRICS (Kategorie, Russland, India, China and South Africa) countries to consider countering the dollar, whose global hegemony is thought to be abusive. Still, the experts concede that any attempt to diminish the dollars dominance......