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Banking

“IMF says central bank digital currencies can replace cash: ‘This is not the time to turn back’”

November 15, 2023

” Central bank digital currencies have the potential to replace cash, but adoption could take time, said Kristalina Georgieva, managing director of the International Monetary Fund on Wednesday… The IMF has said that more than 100 countries are exploring CBDCs – or approximately 60% of… Continue Reading…

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Banking

“Fed reverse repos fall under $1 trillion for first time since August 2021”

November 10, 2023

“The Federal Reserve’s efforts to drain liquidity from the financial system have finally pushed inflows into a critical central bank tool below the $1 trillion mark for the first time since late summer 2021. Cash from money market funds and… Continue Reading…

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Precious Metals

“Gold prices to breach all-time highs? Some expect bullion to hit $2,500”

August 11, 2023

“… …” https://www.cnbc.com/2023/08/11/gold-prices-to-breach-all-time-highs-with-some-calling-for-2500.html

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Banking, Economy, Personal Finance

“U.S. Credit-Card Balances Soar 16% to Pass $1 Trillion for 1st Time”

August 9, 2023

https://finance.yahoo.com/m/1f9b0a3e-858d-3724-bcb4-0dfe23a5d302/u-s-credit-card-balances.html This article is behind a pay wall but I want to comment on something. Now is the worst time ever to have bad debt. This is prime time to pay debt off. Keep some reserves. The biggest investment opportunity… Continue Reading…

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Energy

“IEA says coal use hit an all-time high last year — and global demand will persist near record levels”

July 27, 2023

“Coal consumption increased by 3.3% to hit a fresh record high of 8.3 billion metric tons in 2022, the International Energy Agency said Thursday. According to the Paris-based organization’s Coal Market Update, demand increased “despite a weaker global economy, mainly driven… Continue Reading…

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Real Estate

“Manhattan real estate sales plunge 38%, but cash deals hit all-time record”

April 4, 2023

“Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. Total sales volume fell to $4.4 billion in the quarter, with 2,242 apartments and… Continue Reading…

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Real Estate

“Home sales spike 14.5% in February as the median price drops for the first time in over a decade…”

March 21, 2023

“Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly… Continue Reading…

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Real Estate

“84% of recent first-time home sellers have regrets…”

March 15, 2023

“Timing is everything, especially when it comes to real estate. But finding the perfect time to sell your home — especially if it’s your first time — may be a challenge as the residential real estate market fluctuates. A recent… Continue Reading…

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Economy, Personal Finance

“Credit card debt is at an all-time high, putting households near ‘breaking point,’ study shows”

March 9, 2023

“More consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent. That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from a year… Continue Reading…

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Energy

“Billionaires emit a million times more greenhouse gases than the average person: Oxfam”

November 8, 2022

“The investments of 125 billionaires produce 393 million metric tonnes of carbon dioxide emissions every year, according to a report by Oxfam. That’s the equivalent CO2 output to the whole of France and makes the average billionaire’s annual emissions a million times… Continue Reading…

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