BRICS New Development Bank Ditching US Dollar by Offering Loans in Local Currencies
The New Development Bank (NDB) established by the five-member BRICS group is offering loans in local currencies, part of its efforts ...
Tuesday, February 18, 2025
Tag: Economy
5 Economic Disasters We Were Warned About in Advance That Are Happening Right Now
Our leaders were able to successfully kick the can down the road for a long time, but now many of ...
JPMorgan Posts Record Revenue and 52 Percent Profit Jump
JPMorgan Chase posted record profits and an overall boost in revenue in the first quarter, in the face of recent turmoil ...
Ex-Treasury Secretary Predicts ’70 Percent’ Chance Recession Begins This Year
A recession is most likely right around the corner, said a former Clinton and Obama administration official in a Sunday ...
U.S. Fiscal Path “Unsustainable” With $39T in Liabilities
The U.S. holds $39 trillion in liabilities while only having $4.9 trillion in assets, leading the Department of the Treasury ...
Top Economist Warns Regulators Face ‘Mission Impossible’ Amid Inflation, Recession Risks
Economist and New York University professor Nouriel Roubini, often referred to as “Doctor Doom” for his pessimistic economic forecasts, said ...
Recession Warning? Consumer Debt Climbs Again but Pace Slowing
American consumers continued to pile on debt in February, but the pace of borrowing slowed significantly, another sign the economy ...
Central Banks Continue Their Streak of Accumulating More Gold in 2023
The world’s central banks continued their streak of accumulating gold during the first two months of 2023, according to the latest report from ...
What Do They Know? China’s Appetite for Gold Remains Insatiable
As we've covered many times on this site, central banks across the globe are buying up as much gold as ...
Recession Fears Surge as New Job Creation Slows Down, Jobless Claims Rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs ...
