Wed, 20 Nov 2013 02:05:00 +0000
The current pace of economic growth is well below the potential. This is mainly caused by the current weakness of the commodity sector and cyclical declines in the motor industry. The Russian Ruble keeps weakening against the US Dollar. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of USDRUB:
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The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.
The employment rate in the United States increased by 167.000 people in July 2020. It's important to mention the fact that the data came in much worse than expected. According to Reuters, this increase was expected to reach 1.5 million people. At the same time, July's figures were much worse than those revealed in June 2020.
By 2025, South Korea is planning to invest over 48 billion dollars in blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.
Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?