The Wall Street Journal reported on September 22 that Turkey’s central bank cut that country’s benchmark interest rate to 12 percent from 13 percent, pushing the Turkish lira lower as much as 0.4 percent against the dollar to a...
The International Monetary Fund on Tuesday became the latest prominent global institution to warn that the world economy is barreling toward a potentially devastating recession as central banks aggressively raise interest rates, Russia's war in Ukraine rages, and pandemic-induced...
The global economy runs on credit, so when there's trouble in the credit markets, EVERYTHING hangs in the balance. Bond yields have been rising fast around the world this year. So fast in some cases, that things are starting...
The past two years have been nothing short of extreme in terms of price swings for all types of investments and our resulting emotions. Traders and investors have been tangled up in the perfect storm to lose a record...
For most economists the velocity of money circulation is an important factor in determining the prices of goods and services. If, for example, the quantity of money increased by 10 percent in a given year, while the price level...
How to keep your jack-o’-lantern from turning into moldy, maggoty mush before Halloween
The pumpkin on the right has a fungal...
