Information Education and Entertainment
Information Education and Entertainment
On Wednesday, March 20, the US Federal Reserve made the expected announcement that it will maintain interest rates at their current levels following its two-day policy meeting. But before the…
We are witnessing an unprecedented polycentric trend in Global Economics where the international system of transactions is becoming Multipolar .The De Dollarization is happening in the form of Currency Swap Agreements , Trade in National Currencies without Dollar, Oil and Natural Gas trading in national currencies . The Setting up of Special accounts for internationalizing national currencies and setting up of international financial system.
Inflation in the United States of America has hit a four-decade high this time which is a massive record during the COVID pandemic. Unfortunately, the lower-income group has suffered the most. Let’s not go to the homeless people in Skid Row in Los Angeles who are nowhere near buying below-the-normal kinds of stuff to survive this massive inflation.
t is considered to be one of the worst Bank Shutdown after 2008 Crisis. The FED was increasing interest rates post Covid 19 Pandemic to counter inflation. Nobody thought that it will lead to failure of one of the largest Bank of US. The HIGH Rates constrained the Tech Companies to raise funds further. The Higher Rates reduced the value of treasury and other securities which SVB Bank needed to pay the Depositors.