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News & Articles By Kevin Hughes
05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
05/16/2022
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By Kevin Hughes
Widespread diesel shortages to affect everything in America and around the world
Widespread diesel shortages will affect everything in America from the food supply to manufacturing and services. Refiners in the United States are now receiving an average of over $150 per barrel from the sale of gasoline and diesel at wholesale prices, while paying only around $100 to purchase crude. It suggests a margin of around $50 per barrel […]
05/10/2022
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By Kevin Hughes
Inflation expected to persist in India despite surprising rate hike by its central bank
India’s central bank raised its key policy rate for the first time since June 2018, a surprising move that led to an extensive selloff in bonds. But an economist expects the inflation to continue at least until the end of the year. Upasana Bhardwaj, senior economist at Kotak Mahindra Bank, said in an interview with […]
05/09/2022
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By Kevin Hughes
Treasury Secretary Janet Yellen admits Biden’s spending spree is affecting inflation
United States Treasury Secretary Janet Yellen recently admitted that President Joe Biden’s $1.9 trillion American Rescue Plan did play a role in inflation. The former head of the Federal Reserve told the Wall Street Journal editor-in-chief Matt Murray that the White House’s huge spending has contributed to the current inflationary environment, but quickly added that it was “justified” because of […]
04/25/2022
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By Kevin Hughes
Remote workers blame inflation, rising cost of gas for need to work from home
Remote workers are blaming Biden-fueled inflation charges and soaring costs of gas and childcare for their ongoing need to work from home. Now that the Wuhan coronavirus (COVID-19) positivity rates are low, remote work advocates are no longer blaming their desire to stay home on safety concerns, but instead on the financial effects of their day-to-day office schedule, which is […]
04/07/2022
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By Kevin Hughes
FMC commissioner warns China’s monopoly over container production could hurt the US economy
Federal Maritime Commission (FMC) Commissioner Carl Bentzel is calling for a policy debate on the long-term effects of America’s “complete reliance” on Chinese container manufacturing. “[The] Chinese container manufacturing industry clearly took steps together to suppress the market prior to the pandemic. Those efforts resulted, partly, in the congestion issues and increases in containerized prices, […]
04/06/2022
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By Kevin Hughes
Business and investing podcaster M.C. Laubscher: Entire world will suffer because of sanctions on Russia
Russia and the rest of the world are going to suffer because of the Russian sanctions, according to well-known business and investing podcaster M.C. Laubscher. “So these sanctions, if you want to break it down, who does the sanctions really hurt in the long run? Well, all of the people all over the world are […]
04/05/2022
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By Kevin Hughes
America about to suffer as Federal Reserve struggles to battle inflation
The worst inflation in four decades has spurred the Federal Reserve to start a series of interest rate hikes. It’s not going to work. The plain truth is that the Federal Reserve doesn’t know how to battle inflation and America is about to suffer the consequences. With prices soaring at a pace not seen since the early 1980s, […]
03/30/2022
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By Kevin Hughes
Poll: The Biden economy is terrible, according to 70 percent of Americans
An Associated Press-NORC poll on Friday, March 25, revealed that around seven in 10 Americans said President Joe Biden’s economy “is in bad shape” already. The poll also showed that nearly two-thirds of Americans denounced how Biden is managing the economy. Moreover, a bulk of Americans said Biden’s policies have hurt the economy instead of helping it. In […]
03/29/2022
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By Kevin Hughes
BlackRock CEO: Conflict in Ukraine marks end of globalization
BlackRock CEO Larry Fink said that the conflict in Ukraine marks the end of globalization as governments and businesses sever ties with Russia. BlackRock, the world’s biggest asset manager, is a leading provider of investment, advisory and risk management solutions. “The Russian invasion of Ukraine has put an end to the globalization we have experienced over […]
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