The Millennial generation has not carried out personal-financial transactions in what was historically considered a normal interest-rate economic environment. How are near-zero interest rates affecting their financial decisions, and how will their decisions impact the economy and monetary policy of the future?
Trying times can inspire groundbreaking reform, and today’s economic climate may demand a radical strategy. Approaches such as universal basic income, deposit accounts held at central banks, and monetary policy through direct transfers may be what is needed to effectively address stubborn conditions that could turn perilous in the days ahead.
In the US, strict and costly regulations in the aftermath of the financial crisis were applied with a broad brush, to large financial institutions capable of creating systemic catastrophe and to community banks with risks tied only to the communities they faithfully serve. Now is the time to strengthen the best of the financial system, its community banks.
Much has been made of Europe’s struggling banking sector since the turn of the decade. In October, for instance, the International Monetary Fund (IMF) reported that across the world, banks that were in charge of approximately $12 trillion of assets will continue to remain vulnerable, even if a global economic recovery takes hold.
In the United States, the average car spends 96 percent of its time parked on a parking space or in a garage. The rest of the world isn’t much better. Yet, regardless of all those cars just sitting and doing nothing, it is reported that 1.2 million people are killed in road accidents per year worldwide.
Across the world, governments are increasingly acknowledging the need to raise the levels of investment in infrastructure projects within their respective countries.
In the aftermath of the United States 2016 presidential election, there has been much debate over whether Russian hackers interfered with the electoral process in order to help secure a victory for Donald Trump. Around the same time, however, it was revealed that Russia was the victim of cyberattacks of its own.
Iran was for years considered an economic pariah, cut off from the rest of the world by crippling sanctions initiated by the US more than 35 years ago. The recent JCPOA has lifted many sanctions, allowing Iran to re-join the global economic community through participating in trade and attracting foreign investment.
The nonpartisan Commission on Presidential Debates hosted the much-anticipated first of three United States general election 90-minute presidential debates at Hofstra University in Hempstead, New York, on Monday, September 26.
Brexit is much more than just a British event. There have been and will continue to be ramifications for the entire world, including the US, which has invested heavily in the UK. Predicting the likely impacts and developing the best responses are challenging the skills of even the most seasoned investors.