Milei vowed to close Argentina’s central bank — But will he do it?
The image of a presidential candidate destroying a model of the central bank with a sledgehammer will not leave Argentines' memories for a long time. But once President-elect Javier Milei is seated on the throne on Dec. 10, will he still have the courage to follow a winding and risky path? ...
History tells us we’re in for a strong bull market with a hard landing
While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the ...
The first-world debt crisis means you can expect more pain ahead
The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse.However, the problem is real, and it has become much more acute due to interest rates rising in response to entren ...
Economics Professor Criticizes Bitcoin’s Value, but Enthusiasts Disagree
Johns Hopkins University's applied economics professor, Steve Hanke, has recently reiterated his criticism of Bitcoin, asserting that the digital currency has no inherent value. Hanke, who advocates for dollarization initiatives in Latin America, stated that Bitcoin is an exceedingly speculative ...