Let’s try to answer the question that is before the financial authorities of the United States: how to properly “throw” all holders stored mainly abroad cash American currency, but so that the external standards have been met? There are many options, but they are all in varying degrees can cause …
Read More »The European economy showed a record decline and went into recession
GDP of EU countries in the second quarter of 2020, collapsed at the first evaluation, a record of 14.4% yoy, which after a decline in the preceding quarter means economic recession. These are data from Eurostat. Compared to January-March this year, the EU economy declined in the reporting period by …
Read More »The U.S. economy has fallen to a record
Real US GDP for the second quarter of 2020 fell by 32.9% yoy, data from the Bureau of economic analysis at the U.S. Department of Commerce. This is a record drop in U.S. GDP for the quarter since 1947, when the U.S. government began to collect such statistics, according to …
Read More »The price of gold first broke the barrier of $2000
The price of gold jumped on Friday morning by 1.44% to $1995 per Troy ounce, according to data the American stock exchange Comex. The maximum value during the trading session was $2005,4, according to RBC. Thus, the price of gold for the first time in history exceeded $2000 per ounce. …
Read More »Exchange rate of the dollar broke the mark of 74 rubles
The Russian national currency continues to lose ground to the dollar and the Euro during today’s trading on the Moscow exchange, with the U.S. currency for the first time since may 14 exceeded 74 rubles. As of 12:18 Moscow time the dollar calculations “tomorrow” has jumped by almost 91 kopecks …
Read More »The Russians did not return to banks the money bubble burst in consumer lending
Got in debt borrowers remained the only way out The “bubble” of consumer credit is exhausted, not having lived through the pandemic coronavirus. The amount of arrears soared: the loans growth was 129%, and the volume of mortgage loans that are not serviced 30-60 days, increased by 125%. This was …
Read More »The government forces officials can’t manage the economy
There is another well-established myth that the government can manage the economy. That there might also be some other “better” officials, who suddenly start to act like entrepreneurs but will work for a salary, not taking bribes and not getting “kickbacks”. All management of the economy under Putin has been …
Read More »Why China fell in love with fiction
Many refer to books as entertainment. Meanwhile, China in 90 years, launched a national support program of science fiction. Why is it necessary and how did China’s largest electronics manufacturer. Today China is one of the most powerful economies in the world, one of the leading manufacturers of electronics, and …
Read More »Our tomorrow — a dollar for 85 rubles
After “zeroing” of presidential terms Russia waiting for “zeroing” of the economy and the new 1998, economists say. Ahead of another “black August”. Should we wait for devaluation and redenomination of the ruble, or cost, were discussed by experts at a press conference in NSN. First Deputy Chairman of the …
Read More »The Central Bank sharply downgraded the Outlook on quality of life and the outflow of capital
The Bank of Russia on Friday published an updated block of macroeconomic forecasts, which sharply worsened the assessment of the level of living of the population and the outflow of capital from the country. Despite the rise in oil prices to levels above $ 40 per barrel and support measures, …
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