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Banking, Economy

“6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?”

August 25, 2023

“On the final day of the annual BRICS summit in Johannesburg on Thursday, leaders of the group announced Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates (UAE) will join their ranks starting Jan. 1… But Gregory Daco,… Continue Reading…

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Economy

“Deflation could soon hit the US as real estate and stock prices are at risk of crashing, economist says”

August 17, 2023

https://finance.yahoo.com/news/deflation-could-soon-hit-us-012106807.html I don’t care what the article says. I’ve already said deflation is more of a risk. Also I already said if the market crashes that would be prime time to buy stock. Save money for now and wait for… Continue Reading…

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Precious Metals

“Millennials are hoarding more gold than boomers and Gen X-ers as recession risks loom, State Street says”

July 21, 2023

“…Millennials are the biggest investors in gold, beating baby boomers and Gen X-ers by a big margin, according to a report from State Street, which cites the findings of a survey by SPDR ETFs. “On average, millennials have a higher… Continue Reading…

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Economy

“Inflation crisis risks driving interest rates up to 7pc, warns JP Morgan – latest updates”

July 5, 2023

“JP Morgan Chase has said there is a risk that the Bank of England will have to push interest rates as high as 7pc and trigger a “hard landing” in the economy to quell inflation….” https://finance.yahoo.com/news/bank-england-considers-clampdown-foreign-063037616.html Guess what? If inflation… Continue Reading…

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Economy

“These risk factors suggest borrowers could struggle when student loan payments resume, report finds”

July 3, 2023

“Many student loan borrowers face risk factors that suggest they could struggle covering their bills, especially after the Supreme Court struck down President Biden’s federal student loan forgiveness proposal and repayment will resume in October. To that point, about 20% of borrowers… Continue Reading…

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Business, Economy

“The scarcity of water is emerging as a global economic threat. With China and India looking the most at risk”

June 13, 2023

“Water scarcity is seen as the most significant and potentially most impactful component of the wider climate crisis, and researchers say that large Asian economies like India and China will be the most affected from these water shortages. Asia is… Continue Reading…

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Banking, Cryptocurrencies

“Regulators close crypto-focused Signature Bank, citing systemic risk”

March 13, 2023

“New York state regulators on Sunday shut down Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New… Continue Reading…

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Economy

“Huge chunk of plants, animals in U.S. at risk of extinction -report”

February 6, 2023

“A leading conservation research group found that 40% of animals and 34% of plants in the United States are at risk of extinction, while 41% of ecosystems are facing collapse. Everything from crayfish and cacti to freshwater mussels and iconic… Continue Reading…

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Economy

“The Global Debt Crisis Continues As More Than 40 Countries Are At Risk of Debt Default”

August 9, 2022

“EDITOR’S NOTE: Sri Lanka’s economy seemed to have flourished for nearly two decades thanks to loans from China. But with inflation soaring and interest rates rising across the globe, China’s lines of credit ended up strangling the nation’s economic prospects.… Continue Reading…

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Cryptocurrencies

“Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears”

June 27, 2022

“Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans or face default, in a case that could have a ripple effect across the digital asset market. 3AC,… Continue Reading…

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