Do billionaires have a right to exist?America has driven more than 650 species to extinction. And it should do the same to billionaires.Why? Because there are only five ways to become one, and they’re all bad for free-market capitalism:1. Exploit a Monopoly.Jamie
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The long-term return forecast for the Global Market Index (GMI) edged higher for a third straight month in April. Pixabay Today’s revised estimate (based on three models defined below) indicates a 7.0% annualized return for the unmanaged benchmark, which holds all the major
No Joy for USD BullsThe US Dollar is trading lower today on the back of the May FOMC yesterday. The central bank held interest rates unchanged, as expected, but was far more close-guarded in its outlook than many were expecting.
Bitcoin Halving events, such as the recent 2024 Halving, mark important turning points in the cryptocurrency world and often lead to shifts in market dynamics and investor sentiment. Unsplash As Bitcoin (BITCOMP) begins the week with a dramatic drop, failure to correctly
Brent crude oil prices have dropped to $83.95 per barrel Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. Pexels According to the Department of Energy, inventories
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0671 Prev Close: 1.0708 % chg. over the last day: +0.34 % As expected, the FOMC left the rate unchanged for the 6th consecutive meeting. At the press conference, US Fed Chair
In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation. China’s Growing Influence on the
WTI Elliott wave analysis Function – Counter-trend Mode – Corrective Structure – Triple Zigzag Position – Wave X of triple zigzag Direction – Wave Y of the triple zigzag Details -Double zigzag for wave X entered the Fibonacci support base to find support
Good morning, everyone.As you may have noticed, cryptocurrencies have experienced a significant drop over the last few sessions and are currently consolidating on an intraday basis. Pexels This suggests that we might see further weakness, especially considering the Fed’s recent emphasis on
The U.S. stock markets exhibited mixed responses on Wednesday as investors navigated through a complex landscape of disappointing corporate earnings and a slew of economic data, all under the looming anticipation of the Federal Reserve’s policy announcement. Unsplash The S&P 500 declined
