Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot

Morgan Stanley CEO James Gorman says two changes have happened recently thatreally matterto the economy. The executive explained that inflation has clearly peaked and China has made amajor, major pivoteconomically. Morgan Stanley’s CEO on U.S. Economy and

‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recessionby any definition.Michael Burry’s

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

According to the International Monetary Fund (FMI)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria

Tesla CEO Elon Musk Says Recession Could Last Until Spring 2024

Tesla and Spacex CEO Elon Musk expects a global recession to last until the spring of 2024. Musk added that his two companies are in good positions but many others are not. “Recessions do have a silver lining in that companies

Los estrategas de FX de Citi dicen que el euro podría hundirse a $0.86 si la turbulencia macro continúa

While the euro has found support between 0.96 a 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13,

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 billones

A recently published forecast stemming from the Federal Reserve Bank of Clevelands Inflation Nowcasting data indicates upcoming U.S. índice de precios al consumidor (IPC) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day Americas gross national debt

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

Moments after the Chinese yuans onshore exchange rate versus the U.S. dollar slumped to 7.2458 por dólar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against

El FMI espera que la economía de EE. UU. experimente una alta inflación durante al menos uno o dos años más

The International Monetary Fund (FMI) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,IMF First Deputy Managing Director Gita Gopinath cautioned….

El CEO de Tesla, Elon Musk, dice que la inflación ha alcanzado su punto máximo, pero tendremos una recesión por 18 Meses

Elon Musk, director ejecutivo de Tesla, cree que la inflación ha alcanzado su punto máximo y EE.UU.. La economía estará en recesión durante aproximadamente 18 meses. “Obtenemos una idea bastante clara de hacia dónde van los precios de las cosas a lo largo del tiempo.,” el multimillonario explicó,…