NEW YORK – Whereas Nero famously fiddled while Rome burned, US President Donald Trump has famously hit the links at his money-losing golf courses while California burns – and as more than 200,000 Americans have died of COVID-19 – for which he himself has now tested positive. Like Nero, Trump will undoubtedly be remembered as an exceptionally cruel, inhumane, and possibly mad political figure
ФРАНКФУРТ – Сказать, что Федеральный резерв США – это самый важный центральный банк в мире, значит сказать очевидное. Монетарные решения ФРС влияют на рыночные процентные ставки во всём мире, и ни один центральный банк не может их игнорировать, не создавая при этом рисков нежелательных движений курса собственной валюты
Авторы исследования оценили уровень благосостояния и финансовой безопасности пенсионеров в 44 странах, используя 18 различных показателей, объединив их по четырем категориям — здоровье, финансы, материальное благополучие и качество жизни
WASHINGTON, DC – Until COVID-19, many people in the developing world felt good about their futures. Overall, developing countries had recovered quickly from the 2009-10 Great Recession, and many – especially in Africa and Latin America – were enjoying the benefits of China’s ever-growing demand for oil, minerals, and agricultural commodities. Expectations were rising
NEW HAVEN – The US dollar has now entered the early stages of what looks to be a sharp descent. The dollar’s real effective exchange rate (REER) fell 4.3% in the four months ending in August. The decline has been even steeper as measured by other indexes, but the REER is what matters most for trade, competitiveness, inflation, and monetary policy