Cryptocurrency Can Never Dethrone The US Dollar, Experts Suggest
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Financial giant Morgan Stanley backs the US dollar, stating that its alternatives will never surpass it despite changing economic narratives. Bitcoin has been considered an alternative to the US dollar, but Morgan Stanley's head of G10 FX strategy argues that Bitcoin is too volatile to be a true replacement. The US economy is facing degradation with rising debt metrics, putting pressure on the US dollar. Inflation in the US has not fallen since January 2021, leading to a surge in overall prices and a loss of purchasing power for the US dollar. Despite this, experts suggest that cryptocurrency can never replace the US dollar.
#Cryptocurrency #UsDollar #MorganStanley #Bitcoin #Inflation
Billionaire Warns US Economy Headed for a Financial Crisis
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Billionaire investor Leon Cooperman warns that the US economy is headed for a financial crisis due to the skyrocketing debt of $34.3 trillion. He criticizes Biden's economic policies and questions his leadership abilities. Cooperman believes that if the debt is not brought under control, a financial crisis is inevitable. He also criticizes the Federal Reserve for being too restrictive on cutting interest rates. The crisis in the Middle East is also a cause for concern, as it could have ripple effects on the US economy. The article highlights the upcoming US presidential elections and the differing views of the candidates on the economy.
#UsEconomy #FinancialCrisis #Debt #Biden #FederalReserve #MiddleEast #UsPresidentialElections
https://watcher.guru/news/billionaire-warns-us-economy-headed-for-a-financial-crisis
Currency: Bank of America Explains Why the US Dollar Is Rising
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The US dollar is the top-performing currency this week, outperforming leading currencies like the Pound Sterling, Chinese Yuan, Indian Rupee, and Japanese Yen. The rise in the US dollar can be attributed to the Federal Reserve's decision to not cut interest rates and the ongoing turmoil in the Middle East between Iran, Israel, and Palestine. Institutional investors are moving their investments to safe havens like the US dollar, gold, and copper due to fears of a market crash. The US economy's better performance compared to other regional blocs, including the Eurozone, is also contributing to the strengthening of the US dollar. Geopolitical conflicts in the Middle East lead to a flight to quality assets, benefiting the US dollar. The shocks in the Middle East have a bigger effect on Europe and Japan, but not as much on the US due to its energy independence.
#UsDollar #Currency #FederalReserve #MiddleEast #Investors #Gold #Copper #MarketCrash #GeopoliticalConflicts
https://watcher.guru/news/currency-bank-of-america-explains-why-the-us-dollar-is-rising
Shiba Inu: AI Predicts SHIB Price For April 20, 2024
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Shiba Inu is currently trading at the $0.000022 mark and mostly remained in the red this month in April 2024. SHIB spiked nearly 280% in March, reaching a high of $0.000044 before retracing. The bullish sentiments for SHIB have cooled down this month, and it is printing more losses than profits. According to a price prediction, SHIB could reach a target of $0.00002352 on April 20, 2024, which would be a surge of approximately 5% from its current price. An investment of $1,000 in Shiba Inu could turn into $1,050 if the prediction is accurate. However, the cryptocurrency market is highly volatile, and it is advised to do thorough research before investing.
#ShibaInu #Cryptocurrency #PricePrediction
https://watcher.guru/news/shiba-inu-ai-predicts-shib-price-for-april-20-2024
US Economy Notes Significant Rise in Gold, Silver & Copper Prices
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The US economy has seen a significant rise in the prices of gold, silver, and copper. This surge in precious metals prices is driven by investors seeking stable long-term profits and a shift away from riskier investments. The rise in prices is attributed to the erosion of US economic metrics, loss of consumer faith in the USD, and increasing debt metrics. Gold is currently consolidating gains and is predicted to breach $2,500. The demand for gold is fueled by global central banks, which have been buying gold for months. Silver has broken past a critical price level and is expected to establish a new price marker. Copper prices have also gained momentum, suggesting a new price milestone. However, the high prices of silver and copper may signal a looming inflation crisis and hinder technological and sectoral development in the US.
#UsEconomy #Gold #Silver #Copper #PreciousMetals #Investors #Inflation
https://watcher.guru/news/us-economy-notes-significant-rise-in-gold-silver-copper-prices
Wages in the US Rise 7%, Home Prices Skyrocket 45%
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An economic imbalance in the US economy is growing as wages are not catching up with the rising inflation and home prices. The housing market in the US skyrocketed by 45% between 2020 to 2024. The average hike in wages in the last four years is only 7%, while home prices in the US spiked 45%. In 2024, only people who earn more than $110,000 can consider owning a home in the US. The US home prices will not come down anytime soon and will only move upward, predicts Bankrate analyst Jeff Ostrowski.
#UsEconomy #Wages #HomePrices #HousingMarket
https://watcher.guru/news/wages-in-the-us-rise-7-home-prices-skyrocket-45
Wages in the US Rise 7%, Home Prices Skyrocket 45%
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An economic imbalance in the US economy is growing as wages are not catching up with the rising inflation and home prices. The housing market in the US skyrocketed by 45% between 2020 to 2024. The average hike in wages in the last four years is only 7%, while home prices in the US spiked 45%. In 2024, only people who earn more than $110,000 can consider owning a home in the US. The US home prices will not come down anytime soon and will only move upward, predicts Bankrate analyst Jeff Ostrowski.
#UsEconomy #Wages #HomePrices #HousingMarket
https://watcher.guru/news/wages-in-the-us-rise-7-home-prices-skyrocket-45
US Economy: Oil, Stocks, and Crypto in Jeopardy Amid a Rising Geopolitical Storm
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The rising war tensions between Iran and Israel are fueling a new world resource narrative. In a counter-strike, Iran announced a retaliatory war on Israel, potentially disrupting global economies. The US economy, already in trouble, is further affected by the ongoing war tensions. Global US-centric stocks dropped to new lows, wiping away millions worth of gains. The cryptocurrency market also experienced massive liquidation, with Bitcoin plunging to new lows. The most pressing issue is the potential crude oil crisis, with predictions stating that an attack on Iran's oil production or export facilities could drive the price of Brent crude oil to $100.
#UsEconomy #Oil #Stocks #Crypto #GeopoliticalTensions
Shiba Inu: AI Forecasts SHIB Price For April 15, 2024
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Machine learning and AI algorithms predict that the price of Shiba Inu (SHIB) will reach $0.00003 by April 15, 2024, representing an 11.83% increase from its current price. However, SHIB has experienced a 21% drop in the past month and is currently trading at $0.00002690. Technical analysis gauges rate SHIB as a 'sell' with bearish sentiment. The predictions from machine learning algorithms suggest that Shiba Inu may not show significant growth in the upcoming weeks. Investors are advised to approach the cryptocurrency market with caution and conduct thorough research before making investment decisions.
#Cryptocurrency #ShibaInu #Ai #Forecasting
https://watcher.guru/news/shiba-inu-ai-forecasts-shib-price-for-april-15-2024
Shiba Inu: AI Forecasts SHIB Price For April 15, 2024
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Machine learning and AI algorithms predict that the price of Shiba Inu (SHIB) will reach $0.00003 by April 15, 2024, representing an 11.83% increase from its current price. However, SHIB has experienced a 21% drop in the past month and is currently trading at $0.00002690. Technical analysis gauges rate SHIB as a 'sell' with bearish sentiment. The predictions from machine learning algorithms suggest that Shiba Inu may not show significant growth in the upcoming weeks. Investors are advised to approach the cryptocurrency market with caution and conduct thorough research before making investment decisions.
#Cryptocurrency #ShibaInu #Ai #Forecasting
https://watcher.guru/news/shiba-inu-ai-forecasts-shib-price-for-april-15-2024
BRICS: JP Morgan Issues Major US Financial Warning
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JP Morgan CEO Jamie Dimon warns that the US economy will be affected by external forces, including the Russia-Ukraine war, the Israel-Palestine conflict, and the BRICS de-dollarization agenda. Dimon believes that America's global leadership is being challenged by developing countries such as the SCO bloc, ASEAN group, and BRICS. He emphasizes the need for the US to work closely with developing countries and put aside differences to protect essential freedoms and free enterprise. JP Morgan takes the BRICS de-dollarization agenda seriously and warns that it could impact the US markets.
#JpMorgan #UsEconomy #Brics #Dedollarization #JamieDimon
https://watcher.guru/news/brics-jp-morgan-issues-major-us-financial-warning
US Inflation Rises to 3.5%, Higher Than Expectations
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The US inflation rate for March has risen to 3.5%, higher than expected, marking the second consecutive month of increasing inflation. This outcome reduces the likelihood of interest rate cuts by the Federal Reserve. The Bureau of Labor Statistics reported that inflation increased from 3.2% in February. The market is now awaiting insight from Fed Chair Jerome Powell on the direction of interest rates. The rising inflation rate has been a key concern for the US economy, and the Federal Reserve has been striving to reach its target of 2%. The recent data has dashed hopes of an interest rate cut. Powell had previously indicated the possibility of three rate cuts in 2024, but expectations for these cuts have fallen to their lowest level since October 2023.
#UsInflation #FederalReserve #InterestRates
https://watcher.guru/news/us-inflation-rises-to-3-5-higher-than-expectations
US Dollar's Global Reserve Currency Status Will Decline, Says Analyst
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The US dollar is facing a decline in its status as the primary world currency and global reserve. It has lost 25% of its purchasing power and is losing faith and connection with investors. Financial expert Amir Kumar Gupta predicts that the USD's status as a peak currency may decline over the next few years. The share of global trade invoiced in USD has steadily declined, and the USD reserves of global central bankers have also declined. The increase in cross-border flow of funds has led to the manipulation of the US economy. The US-China trade conflict has contributed to the loss of USD's value and prestige. If the USD loses its reputation, it could trigger a shift towards other asset alternatives and boost the prospects of rival currencies like Bitcoin and the Chinese Yuan.
#UsDollar #GlobalReserveCurrency #FinancialExpert #UsdDecline #CrossborderFlowOfFunds #UschinaTradeConflict #Bitcoin #ChineseYuan
https://watcher.guru/news/us-dollars-global-reserve-currency-status-will-decline-says-analyst
VeChain: How High Will VET Trade In April 2024?
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VeChain is currently trading at $0.04 and is mostly moving sideways in April 2024. During the cryptocurrency market bull rally in February, VET spiked nearly 70%. However, it is now retracing in price and shedding most of its gains. A price prediction suggests that VET could deliver 2% to 3% profits by mid-April 2024 but might dip by 2% to 3% in the last few trading days of the month. VeChain is currently trading at $0.40, down nearly 2% in the 24-hour day trade and close to 86% from its all-time high of $0.28 in April 2021.
#Vechain #Cryptocurrency #PricePrediction #Vet
https://watcher.guru/news/vechain-how-high-will-vet-trade-in-april-2024
US Economy's Biggest Crash Will Send Bitcoin To $200
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Finance Editor Harry Dent predicts that the US economy's biggest crash could occur in 2024, sending Bitcoin and the stock market much lower than the 2008 financial crisis. Dent believes that the housing bubble could be the first domino to fall, creating a domino effect that will impact the S&P, the US economy, and Bitcoin. Robert Kiyosaki, author of 'Rich Dad Poor Dad,' acknowledges Dent's prediction and expresses hope that it will give investors the opportunity to buy Bitcoin at cheaper prices. Dent predicts that the crash will be the biggest in our lifetimes, with the S&P falling by 80% and Bitcoin dropping back to $200 per coin.
#UsEconomy #Bitcoin #CrashPrediction #StockMarket
https://watcher.guru/news/us-economys-biggest-crash-will-send-bitcoin-to-200
BRICS: Expert Says 'Buy Bitcoin' Over US Dollar As Crisis Nears
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Prominent economist Anthony Scaramucci has called for Bitcoin acquisition over the US dollar as the crisis nears. The country's debt-to-GDP ratio is on an unsustainable path, causing worry over impending economic detriment. Scaramucci urged his followers to buy Bitcoin and shared a Yahoo Finance story discussing the country's fragile economic state. The United States has been combating growing inflation and increasing economic debt, which could spell disaster. Other voices, including BlackRock CEO Larry Fink and JP Morgan & Chase CEO Jamie Dimon, have also spoken out about the debt crisis. Central banks are seeking diversification in their holdings, with countries opting to buy gold or increase foreign currency acquisition. The push for Bitcoin and digital assets appears to be a further defense for individuals amidst the dollar's tense situation.
#Bitcoin #UsDollar #Brics #EconomicCrisis
https://watcher.guru/news/brics-expert-says-buy-bitcoin-over-us-dollar-as-crisis-nears
US Economy: America Is at Risk of a Market Meltdown, Warns CBO
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The US economy is at risk of a potential market meltdown, according to the Congressional Bureau Office (CBO). Rising US debt metrics are putting pressure on the US bond market, which could have severe consequences for the nation's credit rating. The debt ratio may impact the US bond market, causing yields to rise and potentially eroding the USD. CBO director Phillip Swagel warns that if America continues to increase its debt ratio, the bond market could break down, similar to the UK's economic pitfall. The US debt has already crossed $34 trillion, and if it continues to rise, it could reach $57 trillion, leading to a market shutdown. The US debt is adding another trillion every 90-100 days. The longer the Federal Reserve maintains higher interest rates, the more pressure it puts on the government's interest expense.
#UsEconomy #MarketMeltdown #Cbo #UsDebt #UsBondMarket
U.S. Debt To Reach $57 Trillion at Current Rate
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The U.S. debt has crossed the $34.4 trillion mark and is growing at an alarming pace. If the debt continues to grow at the same rate, it could reach $57 trillion by 2030. This represents a 70% increase from the current level and a year-on-year growth of 11.6%. The growing debt is putting pressure on the American economy and could lead to a financial crisis similar to the 2008 stock market crash. The slow growth of the U.S. GDP compared to the debt growth is a cause for concern. The equity and commodity markets could be affected, leading to job losses across major sectors.
#UsDebt #FinancialCrisis #EconomicGrowth #StockMarketCrash
https://watcher.guru/news/u-s-debt-to-reach-57-trillion-at-current-rate
BRICS: US Bank Agrees Switching To Gold Standard Will Stabilize Prices
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Inflation is a cause of worry in the US as the BRICS alliance looks to dump the dollar. BRICS has become the largest purchaser of gold in FY 2022-24. Researchers from the Federal Reserve Bank of Philadelphia suggest that switching to the gold standard could stabilize prices. They argue that transitioning to the gold standard would make money non-neutral and converge the economy to its long-run equilibrium value, making inflation and deflation temporary. BRICS is speculated to back their yet-to-be-released currency with gold. The gold standard system was used by leading economies for centuries but eventually collapsed in the 20th century. BRICS may consider reviving the system and backing their new currency with gold.
#Brics #GoldStandard #UsDollar #Inflation
https://watcher.guru/news/brics-us-bank-agrees-switching-to-gold-standard-stabilize-prices
Another New Country Expresses Interest To Join BRICS Alliance
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Around 36 countries have formally applied to join BRICS alliance in 2024, including Cameroon. Russian Ambassador Georgy Todua confirmed Cameroon's interest in joining the alliance. BRICS aims to de-dollarize the world and promote local currencies, putting pressure on the US dollar and economy. The expansion could lead to more countries trading in local currencies instead of the US dollar. The move strengthens native economies and adds pressure on the American economy. If the USD returns to the US, hyperinflation remains a possibility. BRICS is becoming a prestigious international organization and is convincing developing countries to join.
#Brics #Cameroon #Dedollarization #LocalCurrencies
https://watcher.guru/news/another-new-country-expresses-interest-to-join-brics-alliance