Archive for March 2022

New York (CNN Business)Red-hot inflation in the United States may not cool off this year as much as many hoped, Goldman Sachs cautioned in a new report. “The inflation picture has worsened this winter as we expected, and how much it will improve later this year is now in question,” Goldman Sachs economists wrote in a client report…

Spiraling oil prices can ultimately lead the world into economic destruction. This is according to oil analyst Paul Sankey of Sankey Research. The Russia-Ukraine crisis is the primary mover of oil prices. By definition, economic destruction is a breakdown of an area’s economy that results from a crisis.  It occurs after a severe economic contraction…

Bitcoin and cryptocurrencies have roared back over the last month after a China and Elon Musk-induced sell-off. The bitcoin price last night broke above $50,000 per bitcoin for the first time since May. Meanwhile, double-digit gains among other major cryptocurrencies—including ethereum, Binance’s BNB, cardano, and Ripple’s XRP—helped the combined crypto market value climb to over $2.1 trillion, up from…