Traditional Economists Fearing the Worst, Buy Bitcoin Now
The chief economist at HSBC, Stephen King, told clients that the global economy "is like an ocean liner without lifeboats." He fears that another recession might be incredibly difficult, if not impossible, to recover from. He cited factors that many don't consider when assessing whether a recession is likely, such as a collapse of the Chinese economy, which has seen a steady decline in recent quarters. Note: the following is not professional investment advice. Please consult an investment professional if that is what you are looking for. For Americans, who are just climbing out of the last....
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Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current monetary easing policy and raising the benchmark interest rate. Economists and market analysts fear the hawkish Federal Reserve will tighten markets too fast after the central bank expanded the U.S. monetary supply like never before in history. Allianz Chief Economic Adviser: ‘Fed Maintained Its Transitory Inflation Narrative for Way Too Long’ All eyes are on the Federal Reserve this....
Bitcoin investors rejoice as the cryptocurrency beat all global fiat currencies yet again in 2016. Cryptocurrency trading can provide a couple of advantages for investors over conventional trading as economists tend to distort traditional markets, whether intentionally or not. Reality vs. Economists’ Perception. Investors believed in the dismal science of economic analyses and ratings like religious zealots. Often, the economists’ views on the markets surfaced as meticulous mathematical outputs and philosophies. But the truth may be further than it seems. In the attempt to understand the....
When it comes down to figuring out the next logical step in the evolution of our society, there are a lot of different factors to take into consideration. One thing most rational people will agree on, however, is that there is a clear need for developers and engineers. Economists, on the other hand, are not required for the time being, as humans are perfectly capable of making their own decisions. Bitcoin is a clear example of why engineers are far more valuable than economists. To be more precise, engineers are more useful than economists at this stage in our society. That is not to say....
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as a great number of distinguished individuals believe the USD will see a significant value decline in 2021. Moreover, renowned economist Stephen Roach thinks there’s more than a 50% chance the U.S. dollar could collapse by the end of next year. The U.S. dollar currency index (DXY) has continued....
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the Fed is going to have to do more in order to bring the situation under control,” said one economist. Economists Warn of Deep Recession Resulting From Fed’s Response to Inflation A growing number of economists have warned that the Federal Reserve’s fight against inflation, which remains at the highest level in decades, could lead to a severe recession in the U.S. At the....