Page 22 - Modern Monetary News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Yellen's Error, 'Inflation Scare', Cyclical Sectors, Gold, 4 Stocks I Bought Bring back the gold standard? Whatever nation that did so would instantly have the most highly desired currency on the planet. May 05, 2021 | 07:42 AM EDT The impression that you sell Passes in and out like a scent But the long face that you see Comes from living close to your fears If this is up then I'm up but you're running out of sight You've seen your name on the walls And when one little bump leads to schock miss a beat You run for cover and there's heat, why don't they

Oops! Something went wrong while submitting the form. April 19, 2021 The #TrueCost Revolution I remember the energy in our office as we whipped up the first issue of Adbusters back in 1989. On the back cover, a stern-looking Planet Earth pointing an accusing finger: I WANT YOU TO CURB YOUR CONSUMPTION. ‍ ‍ The world was in a phase change. The Berlin Wall was about to fall. Solidarity was in the air, and the environmental movement was driving it. We’d seen the whole Earth from space and by God it looked vulnerable, hanging out there in the darkness. Like: Holy hell we barely register in...

Should the CBN Print Money To Finance Fiscal Deficits?, By Nasiru Aminu CBN must take up the challenge of not allowing inflation to get out of hand. ADVERTISEMENT …financing fiscal spending by the CBN should only be done in exceptional circumstances to avoid further complications. If the government were to present problems to the CBN, like financing infrastructure, education, security or regional imbalances, the governor should have the courage to say, “these are terrible problems, but it is not the central bank’s job to fix them.” Printing money to aid fiscal deficits is not uncommon...

March 31, 2021 The United States equity market, broadly measured by the Russell 3000 Index, returned +6.4% in the first quarter after a robust +20.9% in 2020 and +31.0% in 2019. Notable strong performance came from the energy and financial services sectors, which, as measured by the S&P Select Services Index family, returned +30.7% and +16.0%, respectively, in the first quarter, as the yield curve steepened dramatically. All sectors posted positive returns in the quarter, but strength was not evenly distributed,  with information technology up just +2.2, consumer staples +1.6%, and health ca...

Should the CBN print money to finance fiscal deficits? By By Dr Nasir Aminu Printing money to aid fiscal deficits is not uncommon for monetary authorities around the world. It is done in the form of monetisation – a way for the government to fund itself by issuing non-interest-bearing liabilities, like fiat currency or bank reserves held at the central bank. The countries currently monetising public deficits, most advanced economies, have reduced their interest rates to around zero per cent, while there are 22 countries with rates below zero per cent as of February 2021. These countries are...