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The world is seeing how the dollar really works

2022 has been a year of dollar power—power that manifests itself in both overt and subtler forms. In the spring, the financial sanctions slapped on Russia’s Central Bank following Russian President Vladimir Putin’s invasion of Ukraine demonstrated the extent of US financial sway, especially when it is exerted in cooperation with America’s European partners. If […]

The $1.6tn student debt quandary hanging over the US economy

The fate of the US economy depends on the vibrancy of the American consumer — and therein lies a mystery. No one is really sure when the tens of millions of people with federal student loans will have to start paying back their obligations. The amounts involved are not small — there is $1.6tn of […]

Why tackling drought is a significant part of Democrats’ economic package

Placeholder while article actions load There are a lot of ways to measure climate change, but one of the most jarring involves counting corpses. Not corpses of those people killed by the effects of the warming planet — increased flooding, heat exhaustion, larger storms — but of those killed long ago and hidden where no […]

Cocoa futures at the mercy of the dollar

Cocoa futures have been at the mercy of the US dollar recently and have risen and fallen this week as the dollar reacted to US domestic economic news. The dollar-related moves are playing out against a wider backdrop of a tighter cocoa market however. A better-than-expected US inflation report earlier this week caused the dollar […]

David Bassanese: What lies ahead for Australia’s economy and stock market as storm clouds keep brewing?

BetaShares chief economist David Bassanese said Australia’s economy remains in strong position at the moment Weakening economic indicators and the US factor may have a factor on Australian equities moving forward Fixed income looking strong with the ‘bond market blood bath’ showing signs of recovery with good yields It’s a funny beast the economy and […]

Climate change and scarcity chip away at de-growth taboo

De-growth — the idea that a finite planet cannot sustain ever-increasing consumption — is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity. But, as climate change accelerates and supply chain disruptions offer rich-world consumers an unaccustomed taste of scarcity, the theory […]

Why Disney’s Earnings Report Is A Good Sign For The U.S. Economy

It’s been a very good quarter for Disney Parks. Joshua Sudock/Walt Disney World Resorts Disney shares are up 5% following Wednesday’s third-quarter earnings report that surpassed expectations, largely due to higher spending at the company’s domestic theme parks. But might Disney’s success also say something about the current state of the U.S. economy? Experts often […]

China’s economy becomes the world’s economic engine: survey

BEIJING, Aug. 11, 2022 /PRNewswire/ — About 78.34 percent of respondents from 22 countries believe the Chinese economy has become the engine of the world economy, according to a joint survey conducted by CGTN Think Tank and the Chinese Institute of Public Opinion at Renmin University of China. The survey has interviewed respondents who are 38.64 […]

Japanese Yen Soars on Soft US CPI and US Dollar Pummelling. Where to for USD/JPY?

Japanese Yen, USD/JPY, US Dollar, FOMC, Fed, Kashkari, Evans, Daly- Talking Points USD/JPY crashed lower after US CPI but has since recovered a big figure US CPI missed estimates and the market appears to think rate cuts are ahead If the Fed repudiates the perception of lower rates, where will USD/JPY go? USD/JPY The Japanese […]

How the Legal Minefield Suffocates the US Economy

Commentary My local running club is short of coaches. It’s unwilling to pay coaches, though, since remuneration would formalize coaching relationships and make the club liable to lawsuits over potential injuries. The absurdity of this anecdote—a harmless club fearful of liability insurance—demonstrates the all-encompassing minefield of lawsuits suffocating even the most granular and benign elements […]