TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday the yen’s recent moves had been “quite sharp” and could hurt companies’ business plans, offering his strongest warning to date of the risks stemming from the currency’s depreciation. Kuroda said there was no change in his assessment that, overall, a weak yen was good for the…
Why Keynesian Economics Is Destined To Fail
April 19, 2022
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Business & EconomyBusiness Columnistseconomic policieseconomicseconomyinflationKeynesianKeynesian EconomicsOpinionViewpoints
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Commentary My colleague, Doug Kass, penned an interesting note suggesting “Keynesian Economics” will fail. To wit: “At the core of the Keynesian theory is that the coordinated monetary and fiscal policies can stabilize economic output, inflation, and unemployment over the business cycle. As noted above, there are exogenous forces at work in this cycle which…
Here’s Why This Bitcoin Analyst Thinks BTC Is Approaching a Critical Juncture
Prominent cryptocurrency analyst Benjamin Cowen has shared his thoughts on his YouTube channel about Bitcoin’s future direction. What Happened He tells his over 725,000 subscribers that Bitcoin is putting in higher lows in a pattern that resembles other periods in BTC’s history. “There have been a couple of times where we’ve seen a similar type of…
China’s ‘Zero-COVID’ Policy Is Raising Inflation Across the Globe: Analysts
April 19, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyeconomyinflationInflation PressureINSIDE CHINAsupply chain disruption
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News Analysis Although China denies it, its draconian “zero-COVID” lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation, analysts say. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand…
China’s Zero-COVID Policy Is Raising Inflation and Cost of Goods Across the Globe
April 19, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyeconomyinflationInflation PressureINSIDE CHINAsupply chain disruption
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Although China denies it, its draconian Zero-COVID lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand were falling at the…
The Recession That’s Around the Corner
April 19, 2022
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Commentary Over the past two or so years, our economy has been far from “normal.” The pandemic wreaked havoc on a bustling economy seemingly overnight and quickly ignited a recession in all of the G20 countries. Despite that, in 2020, the demand for housing was insatiable, which caused huge jumps in home prices, a stark…
Bored Apes Yacht Club Sales Surge by Over 176 percent in 24 Hours, Floor Price Hits 109 ETH
According to WuBlockchain’s data, Bored Apes Yacht Club (BAYC) has seen the project’s total market value increase to almost $1 billion, as the trading volume rose by over 176 percent in a 24-hour period. Along with that, the floor price of the series spiked to almost 110 ETH, which is approximately $330,000. The Bored Apes…
Biggest Ethereum Whale Acquires $223 Billion Shiba Inu Worth Over $5.7 Million; Ranks Top Holding Of Largest ETH Wallets
WhaleStats recently reported that Ethereum (CRYPTO: ETH) whale “BlueWhale0073,” which is the fifth-largest ETH whale, has bought more than 223 billion Shiba Inu (CRYPTO: SHIB) worth over $5.7 million. Along with that, large traders have purchased a significant amount of SHIB which made it one of the most purchased assets in the last 24 hours….
Musk No Longer Twitter’s Largest Shareholder: Who Has the Top Spot With an Over 10 percent Stake in the Company?
As Tesla Inc CEO Elon Musk hopes to buy Twitter Inc in a $43 billion deal, he is now no longer the company’s largest shareholder. What Happened: A recent SEC filing shows that Vanguard Group is now the biggest shareholder of Twitter with a 10.3 percent stake in the company. That’s 82.4 million shares, worth $3.7 billion as of Friday’s…
Here’s Why the Founder of Cardano Is Looking to Build a Decentralized Twitter With Elon Musk
In the latest development in Tesla Inc CEO Elon Musk’s Twitter Inc bid saga, Cardano founder Charles Hoskinson has told Musk that he’s willing to help him build a decentralized version of Twitter. In a recent Tweet, Hoskinson said that he is willing to make a dispersed social media platform along with Musk if his…
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