Category Archives: Economy

Bitcoin Prices Rally, but Fail to Break $20,000. Why Cryptos May Slide Again Soon.

Bitcoin Prices Rally, but Fail to Break $20,000. Why Cryptos May Slide Again Soon.

Bitcoin and other cryptocurrencies rallied on Tuesday, but digital assets continue to trade at depressed levels amid pressure from cracks in the crypto industry and a selloff in the stock market. The price of Bitcoin rose 2% over the past 24 hours to $19,700, falling short of breaching $20,000—a key level it plunged through last […]

Will Inflation Stay High for Decades? One Influential Economist Says Yes

First American News LLC Raleigh, NC: Charles Goodhart sees an era of inexpensive labor giving way to years of worker shortages—and higher prices. Central bankers around the world are listening. When the global economy tanked in March 2020, the rate of inflation looked like it was heading to zero. That made it a surprising moment […]

Fed Needs to Hike to Slow Inflation Without Recession, Credit Suisse Says

First American News LLC: Raleigh, NC: The Federal Reserve needs to deliver a Volcker-style shock to drive down asset prices if it wants to slow inflation without causing a recession, according to Credit Suisse Group AG strategist Zoltan Pozsar. Policy makers should stoke volatility to set off corrections in assets including stocks, houses and Bitcoin, […]