Category: Global Economics
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The Federal Reserve was established in 1913 to function as of the central bank of the United States and the key arbiter of its monetary policy systems. The Fed’s vital role is to regulate the supply of money and credit in an effort to maintain price stability and promote sustainable economic growth throughout the country. …
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Foundations of Economics: The Law of Scarcity Most of the basic laws of economics focus on ways to efficiently build wealth and prosperity over time. But there are important financial concepts that turn this problem in the other direction, instead choosing to focus on the effects that a lack of available resources can have on…
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Bitcoin: Have Cryptocurrencies Become Legitimate Market Assets? In the last few years, one of the biggest stories to hit the financial markets is the rise of Bitcoin, which is a blockchain-based digital currency that can be used to exchange in global transactions. For many, these cryptocurrency is an asset that is both mysterious and uncertain.…
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In all of the recent news dealing with US President Donald Trump and the world economy, the term “trade war” is being used a lot more than would normally be the case. But what does this term actually mean? Who are the winners and who are the losers? Does a “trade” war resemble a military…
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With all of the recent discussions surrounding the possibility of electric cars, many economics investors have already started to move beyond crude in search of the next technological revolution. But the reality is that the world economy is not even close to eliminating the use of fossil fuels, and it will be quite some…
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A 25 page paper from Paul Krugman (draft of his lecture for the Picciotto Prize): What Have We Learned From The [2008] Crisis? Paul Krugman September 2016:
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An In/Out Referendum takes place Thursday in Britain as voters head to the polls to decide whether or not to stay or exit the European Union. If you need a brush up on the issue here’s a quick summary.
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The real problem facing the global economy isn’t little Greece and their fits surrounding debt. It’s China, the world’s second largest economy by GDP and their fits surrounding trading with debt. Margin buying seems to be the largest culprit behind the most recent decline over the past month on the Chinese stock exchange. If China’s…
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If the US tried to sign a secret deal with the Chinese the common citizen would go ballistic. In Canada, a secret agreement signed (we assume on board a moving train in Siberia) in RUSSIA with the Chinese that the current government full intends NOT to debate in Parliament. Weird hey. And Canadians are largely…
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Surprising to some, the US unemployment rate fell to 7.8%, dropping below 8% in nearly four years. That bodes well for the OBama campaign. It shouldn’t come as a surprise that unemployment would decline a month before a Presidential election. The US added 114,000 jobs last month and created 86,000 more jobs in July and…