10 January 2025The US Dollar and US equities have performed well since November’s election of Donald Trump as the 47th US President. We expect this to… 19 December 2024The US Federal Reserve cut its benchmark interest rate by 25bps to 4.5%, as expected. This is the third rate cut in...
17 January 2025The US Dollar and US equities have performed well since November’s election of Donald Trump as the 47th US President. We expect this to… 19 December 2024The US Federal Reserve cut its benchmark interest rate by 25bps to 4.5%, as expected. This is the third rate cut in...
Eurodollars and the Dollar Standard: Implications for the Evolution of the Rand Exchange RateNo abstract is available for this item.doi:10.1111/j.1813-6982.1980.tb00668.xG. D. BELLJohn Wiley & Sons, Ltd.South African Journal of Economics...
1.A monetary standard under which the basic unit of currency is equal in value to and exchangeable for a specified amount of gold. 2.A model of excellence; a paragon:"Several generations of the laser have been widely available in Europe; the FDA approved the one now considered the gold st...
We would like to add just a couple more thoughts in the big picture. First, the US consumer may be running on fumes. The household savings rate has collapsed, and as a result growth remains reasonable. At the same time, consumer debt is increasingly dramatically just at the point when int...
To maintain a healthy rate of global economic growth, the nominal rate of growth in world trade should be around 6% to 6.5%. If an international gold standard were to be reintroduced this growth rate could not be maintained. [61][62] Further, gold mining is estimated to be “economically...
In an international gold-standard system, gold or a currency that is convertible into gold at a fixed price is used as a medium of international payments. Under such a system, exchange rates between countries are fixed; if exchange rates rise above or fall below the fixed mint rate by more...
The dollar, in turn, was convertible to gold at the fixed rate of $35 per ounce. The global financial system continued to operate upon a gold standard, albeit in a more indirect manner. The agreement has resulted in an interesting relationship between gold and the U.S. dollar over time....
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Be cautious of “Stooge Account” to avoid money laundering – Criminal syndicates would offer the benefit of making quick money and lure the public into selling or lending their bank accounts, or use their personal credentials to open bank accounts. The syndicate will then use these “Stooge Ac...