-
Trump Warns Losing Dollar Reserve Status Would Be Like Losing 'A Major World War,' But Analyst Says It's Already Happening: 'The Dollar Is Not Still King'
Thursday, July 10, 2025 - 4:02am | 700Read More...President Donald Trump issued a stark warning on Wednesday, saying that the loss of the U.S. Dollar’s global reserve status would be tantamount to “losing a major world war.” What Happened: “You ever hear the expression ‘the dollar is king?’ The dollar is king....
-
Craig Shapiro Slams Jerome Powell's Legacy Of 'Quiet Surrender' To Wall Street And The US Treasury: 'No Longer Serves The Public'
Monday, July 7, 2025 - 2:16am | 839Read More...Macro strategist Craig Shapiro delivered a scathing critique of Fed Chair Jerome Powell’s performance over the years, pushing back against the growing narrative that casts his tenure in a positive light. What Happened: On Sunday, in a post on X, Shapiro argued that the Federal Reserve under...
-
Dollar Supremacy Under Threat Despite A Slowing China? 'Absolutely,' Says This Economist — Beijing Is The Largest Trading Partner For Half The World And They've 'Arrived'
Thursday, July 3, 2025 - 2:13am | 600Read More...Despite the economic downturn in China, former IMF Chief Economist Kenneth Rogoff believes the country's push to undermine the U.S. dollar's global dominance remains firmly on track. What Happened: On Wednesday, Rogoff replied “absolutely” when asked about China gaining traction in...
-
Trump Appointing A 'Shadow Chair' At The Fed Has Put Dollar Under Pressure, Meanwhile China Is Dumping The Greenback And Hoarding Gold
Thursday, June 26, 2025 - 10:53pm | 690Read More...China is accelerating its move away from U.S. dollar-denominated assets, with the share of U.S. Treasuries and the Dollar in the country’s reserves reaching its lowest levels in over a decade. What Happened: On Thursday, The Kobeissi Letter, in a post on X, captured this dramatic shift,...
-
Fed's Independence Could 'Disappear In A Week,' Says Economist Ken Rogoff, As Trump Thinks He's 'Smarter Than The Central Bankers' Amid Ongoing Feud With Jerome Powell
Thursday, April 24, 2025 - 6:50am | 607Read More...American economist Kenneth Rogoff says that the Federal Reserve’s autonomy is a lot more fragile than most people realize. The loss of the Fed’s independence, he warns, can lead to the return of price controls and financial repression, as was seen in the 1970s. What Happened: On...
-
Harvard Economist Proposes Eliminating $100, $50 Bills To Inhibit Tax Evasion, Crime
Thursday, October 20, 2016 - 5:15pm | 294Read More...Many Americans rarely carry $100 bills. Nonetheless, it's been estimated that $100 notes account for roughly 78 percent of the cash in circulation; this means that, out of the $1.38 trillion that exist in paper dollars, $1.08 trillion come in the form of $100 greenbacks. So, where are these...
-
Market Wrap For January 6: Busy Day For Analysts Upgrades and Downgrades
Monday, January 6, 2014 - 5:58pm | 2261Read More...Monday's trading session featured a plethora of analyst upgrades and downgrades. With little key economic data released, markets were relatively tame as major indices failing to meaningfully move in any one direction. The Senate appears to be set to officially Janet Yellen to lead the Federal...
-
What a Spanish Bailout Would Look Like
Tuesday, July 24, 2012 - 8:30am | 721Read More...Talk of a full-scale sovereign bailout of Spain, along the lines of those received by Greece, Ireland, and Portugal, has increased over the last few days. On Friday, Spain announced a plan to bailout its ailing regional finances, effectively nationalizing regional debts. Also, Spain agreed a new...
-
PIIGS Nations: Not Just Good At Accumulating Debt, but Pretty Good at Soccer Too
Monday, June 11, 2012 - 3:42pm | 500Read More...As the UEFA European Championship, commonly known as Euro 2012, continues through the first matches of the group stage, an interesting pattern arises. Of all sixteen nations in the tournament, only three nations, the Czech Republic, Italy, and Ireland, have not defaulted since the year 1300....
