Why the Economy Might Experience a ‘Rolling Recession’
The anticipated recession of 2023 has yet to materialize, and recent economic data indicate more signs of strength than weakness. In light of this, David Bailin, Chief Investment Officer at Citi Global Wealth Investments, has coined the term “rolling recession” to describe the current state of the US economy, where Certain sectors are experiencing decline […]
Bank of England Interest Rate Hike: Implications for the Global Economy
The global economy is experiencing significant shifts, with various factors influencing growth and stability across different regions. According to analyst David Benjamin of the investment firm Global X, the United States is likely to enter a recession in the fourth quarter of this year or the first quarter of 2024. Rising interest rates, ongoing inflation, […]
Ruble Bears Targeting Fresh Year-to-Date Low Despite Wagner Group’s Abandoned Russian Mutiny
During Monday’s European session, the USD/RUB pair sees an uptick in bids. Despite a mercenary group, Wagner Group, abandoning their mutiny against Moscow, the Russian Ruble (RUB) pair fails to inspire confidence in Russian President Vladimir Putin. The underwhelming performance of oil prices further weighs down the RUB price, Russia’s primary export commodity. According to […]
