American Economist Stephen Roach: ‘U.S. Dollar in the Early Stages of Sharp D...
American economist and former chairman of Morgan Stanley Asia, Stephen Roach said on Sunday that he believes the U.S. dollar will “crash faster and harder.” Roach said similar statements during an interview back in June, and his latest commentary stresses that people should “expect the dollar to plunge by as much as 35 percent next year.” Stephen Roach is a well known American economist as he worked as chairman of Morgan Stanley Asia and he also advised as the company’s chief economist as well. Roach currently serves as a senior fellow at Yale University and....
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A recent sharp pullback move in the US dollar market is insufficient to log a full-fledged upside breakout. So says Stephen Roach, the former chairman of Morgan Stanley Asia. The pro-Bitcoin economist wrote in an op-ed that the US dollar could fall by as much as 35 percent by the end of 2021 due to strengthening foreign currencies, rapid macroeconomic imbalances in the US, and the end of the American hegemony over global reserve assets. […]
Bitcoin as a protocol has been a source for many discussions throughout the years. At this time, people are starting to wonder whether the technology or politics are the biggest hurdles to overcome, and the block size debate is a clear example of how both aspects seem to collide. But the real question is whether or not Bitcoin is still in the early stages to get involved, or if the popular digital currency has matured beyond expectations. The Early Stages of Bitcoin Are Behind Us. Even though Bitcoin is only slightly over seven years old, it is all but impossible to call this concept....
BitPay’s CEO Stephen Pair recently announced an innovative new program that could very well change the way the internet works on several levels. The new program, called Foxtrot, was designed to give internet users the security and privacy offered by the Bitcoin blockchain technology in everything they do online. While the new system is still in the early stages, foxtrot is currently available for download and BitPay plans on using it to empower their own systems. CoinTelegraph reached out to Tony Gallippi, BitPay’s Executive Chairman for comments about the new project as well as on the....
On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S. and the average American’s purchasing power is growing less powerful. Now critics like JPMorgan Chase CEO Jamie Dimon and American economist Larry Summers have blasted the Biden administration because they expect inflation to grow “considerably higher.” Americans Watch Purchasing Power Sink While Analysts Suspect Even More Inflation on the....
A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the currency’s exchange rate reportedly touched a new low of just under 750 naira for every U.S. dollar on the parallel market. Currency Fair Value Analysis According to a Bank of America economist, Tatonga Rusike, the Nigerian currency, which has officially stayed below the 450:1 mark since May 2021, is overvalued by 20% and he expects it to be devalued by as much in 2023. In his October 18....