Russia considers cryptocurrency as alternative to US dollar |
Russia has made a breakthrough in finding a replacement for the US dollar. Vladimir Mau, rector of the Russian Academy of National Economy and Public Administration (RANEPA), suggested that a cryptocurrency had a chance to become part of a new global monetary system. In his study, the expert referred to the theory of the efficiency of private money which was popular more than 100 years ago. For example, Friedrich von Hayek, the Austrian economist, was a firm supporter of this idea. “Of course, they were conceived in a different form, but the cryptocurrency is also private money, based on trust and a set of technologies,” Vladimir Mau noted.
Mau is confident that cryptocurrencies deserve more attention from the official authorities, and their use should be taken up at the governmental level. “10 years ago, at the beginning of the current structural crisis, we talked a lot about post-crisis exchange configurations, yuan, SDRs, strengthening the role of regional reserve currencies,” Mau reminded, adding that a cryptocurrency could become the alternative. So far, it is difficult to predict what the global foreign exchange market will look like in the near future, digital money requires improvement. Last year was the year of correction for the cryptocurrency. Bitcoin fell from 20 thousand dollars at the end of 2017 to 3.6 thousand dollars. Nevertheless, Prime Minister of Russia Dmitry Medvedev also urges not to bury the cryptocurrency.
Read more: https://www.mt5.com/forex_humor/image/39743
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Метки: #photo_news |
Russia considers cryptocurrency as alternative to US dollar |
Russia has made a breakthrough in finding a replacement for the US dollar. Vladimir Mau, rector of the Russian Academy of National Economy and Public Administration (RANEPA), suggested that a cryptocurrency had a chance to become part of a new global monetary system. In his study, the expert referred to the theory of the efficiency of private money which was popular more than 100 years ago. For example, Friedrich von Hayek, the Austrian economist, was a firm supporter of this idea. “Of course, they were conceived in a different form, but the cryptocurrency is also private money, based on trust and a set of technologies,” Vladimir Mau noted.
Mau is confident that cryptocurrencies deserve more attention from the official authorities, and their use should be taken up at the governmental level. “10 years ago, at the beginning of the current structural crisis, we talked a lot about post-crisis exchange configurations, yuan, SDRs, strengthening the role of regional reserve currencies,” Mau reminded, adding that a cryptocurrency could become the alternative. So far, it is difficult to predict what the global foreign exchange market will look like in the near future, digital money requires improvement. Last year was the year of correction for the cryptocurrency. Bitcoin fell from 20 thousand dollars at the end of 2017 to 3.6 thousand dollars. Nevertheless, Prime Minister of Russia Dmitry Medvedev also urges not to bury the cryptocurrency.
Read more: https://www.mt5.com/forex_humor/image/39743
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Метки: #photo_news |
Russia considers cryptocurrency as alternative to US dollar |
Russia has made a breakthrough in finding a replacement for the US dollar. Vladimir Mau, rector of the Russian Academy of National Economy and Public Administration (RANEPA), suggested that a cryptocurrency had a chance to become part of a new global monetary system. In his study, the expert referred to the theory of the efficiency of private money which was popular more than 100 years ago. For example, Friedrich von Hayek, the Austrian economist, was a firm supporter of this idea. “Of course, they were conceived in a different form, but the cryptocurrency is also private money, based on trust and a set of technologies,” Vladimir Mau noted.
Mau is confident that cryptocurrencies deserve more attention from the official authorities, and their use should be taken up at the governmental level. “10 years ago, at the beginning of the current structural crisis, we talked a lot about post-crisis exchange configurations, yuan, SDRs, strengthening the role of regional reserve currencies,” Mau reminded, adding that a cryptocurrency could become the alternative. So far, it is difficult to predict what the global foreign exchange market will look like in the near future, digital money requires improvement. Last year was the year of correction for the cryptocurrency. Bitcoin fell from 20 thousand dollars at the end of 2017 to 3.6 thousand dollars. Nevertheless, Prime Minister of Russia Dmitry Medvedev also urges not to bury the cryptocurrency.
Read more: https://www.mt5.com/forex_humor/image/39743
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Метки: #photo_news |
Seven important global risks in 2019 |
According to experts, now the geopolitical environment is the most dangerous it's been in decades. Analysts from the Eurasia Group consulting agency decided to analyze what to fear in 2019. The made a list of the most significant risks for the current year.
Long-term global crises
Experst are sure that most world leaders are so busy dealing with short-term local crises that they’re ignoring much bigger problems down the road that could lead to collapse. In the first place, the outlook for institutions like the European Union and the World Trade Organization is negative. Geopolitical tensions are also created by the trade war between the United States and China.
US-China trade war
At the moment, further prospects for the development of trade relations between Washington and Beijing remain unclear. Even a truce in the trade war won’t fix the situation, analysts believe. They are confident that we should expect more discord in the arenas of technology, economics and security.
Cyber wars
According to experts, this year is likely to be a turning point in cyber competition. US authorities may begin to actively demonstrate their leadership in this area. This show of strength will not pass without a trace, and other countries will take retaliatory actions, analysts sum up.
European populism
In May 2019, when the EU holds parliamentary elections, euro-skeptics from both the left and right will win more seats that ever before. Note that at the moment, they’re winning by promising to ignore EU rules.
US domestic policy
According to experts, This will be a chaotic year for US domestic politics. Analysts believe that the level of political uncertainty in the country will be extremely high. At the same time, the American president found support in the face of a number of global leaders who do not wish to support the idea of the United States as a stronghold of the global order. These sentiments will contribute to further de-globalization, experts believe.
Slowdown in innovations
Analysts at Eurasia Group predict a reduction in the financial and human capital available to drive technological development. Experts blame three factors: security concerns, privacy concerns, and economic concerns.
Brexit
The withdrawal of the UK from the European Union is also noteworthy. There are many difficulties in this process. For exmple, British Prime Minister Theresa May's Brexit deal was voted down by the Parliament. According to experts, in general, the current year will be very messy for Europe.
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Метки: #photo_news |
Seven important global risks in 2019 |
According to experts, now the geopolitical environment is the most dangerous it's been in decades. Analysts from the Eurasia Group consulting agency decided to analyze what to fear in 2019. The made a list of the most significant risks for the current year.
Long-term global crises
Experst are sure that most world leaders are so busy dealing with short-term local crises that they’re ignoring much bigger problems down the road that could lead to collapse. In the first place, the outlook for institutions like the European Union and the World Trade Organization is negative. Geopolitical tensions are also created by the trade war between the United States and China.
US-China trade war
At the moment, further prospects for the development of trade relations between Washington and Beijing remain unclear. Even a truce in the trade war won’t fix the situation, analysts believe. They are confident that we should expect more discord in the arenas of technology, economics and security.
Cyber wars
According to experts, this year is likely to be a turning point in cyber competition. US authorities may begin to actively demonstrate their leadership in this area. This show of strength will not pass without a trace, and other countries will take retaliatory actions, analysts sum up.
European populism
In May 2019, when the EU holds parliamentary elections, euro-skeptics from both the left and right will win more seats that ever before. Note that at the moment, they’re winning by promising to ignore EU rules.
US domestic policy
According to experts, This will be a chaotic year for US domestic politics. Analysts believe that the level of political uncertainty in the country will be extremely high. At the same time, the American president found support in the face of a number of global leaders who do not wish to support the idea of the United States as a stronghold of the global order. These sentiments will contribute to further de-globalization, experts believe.
Slowdown in innovations
Analysts at Eurasia Group predict a reduction in the financial and human capital available to drive technological development. Experts blame three factors: security concerns, privacy concerns, and economic concerns.
Brexit
The withdrawal of the UK from the European Union is also noteworthy. There are many difficulties in this process. For exmple, British Prime Minister Theresa May's Brexit deal was voted down by the Parliament. According to experts, in general, the current year will be very messy for Europe.
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Метки: #photo_news |
Seven important global risks in 2019 |
According to experts, now the geopolitical environment is the most dangerous it's been in decades. Analysts from the Eurasia Group consulting agency decided to analyze what to fear in 2019. The made a list of the most significant risks for the current year.
Long-term global crises
Experst are sure that most world leaders are so busy dealing with short-term local crises that they’re ignoring much bigger problems down the road that could lead to collapse. In the first place, the outlook for institutions like the European Union and the World Trade Organization is negative. Geopolitical tensions are also created by the trade war between the United States and China.
US-China trade war
At the moment, further prospects for the development of trade relations between Washington and Beijing remain unclear. Even a truce in the trade war won’t fix the situation, analysts believe. They are confident that we should expect more discord in the arenas of technology, economics and security.
Cyber wars
According to experts, this year is likely to be a turning point in cyber competition. US authorities may begin to actively demonstrate their leadership in this area. This show of strength will not pass without a trace, and other countries will take retaliatory actions, analysts sum up.
European populism
In May 2019, when the EU holds parliamentary elections, euro-skeptics from both the left and right will win more seats that ever before. Note that at the moment, they’re winning by promising to ignore EU rules.
US domestic policy
According to experts, This will be a chaotic year for US domestic politics. Analysts believe that the level of political uncertainty in the country will be extremely high. At the same time, the American president found support in the face of a number of global leaders who do not wish to support the idea of the United States as a stronghold of the global order. These sentiments will contribute to further de-globalization, experts believe.
Slowdown in innovations
Analysts at Eurasia Group predict a reduction in the financial and human capital available to drive technological development. Experts blame three factors: security concerns, privacy concerns, and economic concerns.
Brexit
The withdrawal of the UK from the European Union is also noteworthy. There are many difficulties in this process. For exmple, British Prime Minister Theresa May's Brexit deal was voted down by the Parliament. According to experts, in general, the current year will be very messy for Europe.
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Метки: #photo_news |
IMF worsens Russia’s and global GDP growth forecasts |
The International Monetary Fund (IMF) trimmed Russia's 2019 economic growth forecast to 1.6 percent compared with the previous figure of 1.8 percent. The global economy estimate was also lowered to 3.5 percent, down from 3.7 percent, according to the January’s World Economic Outlook (WEO) report. In 2020, the IMF expects the global economy to grow by 3.6 percent and the Russian economy to increase by 1.7 percent. The forecast for emerging markets and developing countries for 2019 was slashed to 4,5 percent. Assessment of India’s economic growth in the reporting period went up to 7.5 percent, and in 2020, the growth is expected to accelerate to 7.7 percent. The growth forecast for the Chinese economy for the current year remained the same at 6.2 percent, and in 2020, it is not expected to change. The IMF noted that Brazil’s GDP will grow to 2.5 percent in 2019.
This year, the CIS economy will expand 2.2 percent, and its GDP is expected to increase to 3.7 percent. In 2020, the indicator is forecasted to grow the same 3.7 percent. The estimate of GDP growth of developed countries for 2019 was reduced to 2 percent, and a slowdown to 1.7 percent is expected next year. The outlook for the US economic growth was unchanged at 2.5 percent. In the Eurozone, the GDP is predicted to increase by 1.6 percent in 2019 and 1.7 percent in 2020. The growth forecast for the UK GDP for 2019 remained unchanged at 1,5 percent, and in the next year, the rise could reach 1.6 percent.
Read more: https://www.mt5.com/forex_humor/image/39747
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Метки: #forex_caricature |
IMF worsens Russia’s and global GDP growth forecasts |
The International Monetary Fund (IMF) trimmed Russia's 2019 economic growth forecast to 1.6 percent compared with the previous figure of 1.8 percent. The global economy estimate was also lowered to 3.5 percent, down from 3.7 percent, according to the January’s World Economic Outlook (WEO) report. In 2020, the IMF expects the global economy to grow by 3.6 percent and the Russian economy to increase by 1.7 percent. The forecast for emerging markets and developing countries for 2019 was slashed to 4,5 percent. Assessment of India’s economic growth in the reporting period went up to 7.5 percent, and in 2020, the growth is expected to accelerate to 7.7 percent. The growth forecast for the Chinese economy for the current year remained the same at 6.2 percent, and in 2020, it is not expected to change. The IMF noted that Brazil’s GDP will grow to 2.5 percent in 2019.
This year, the CIS economy will expand 2.2 percent, and its GDP is expected to increase to 3.7 percent. In 2020, the indicator is forecasted to grow the same 3.7 percent. The estimate of GDP growth of developed countries for 2019 was reduced to 2 percent, and a slowdown to 1.7 percent is expected next year. The outlook for the US economic growth was unchanged at 2.5 percent. In the Eurozone, the GDP is predicted to increase by 1.6 percent in 2019 and 1.7 percent in 2020. The growth forecast for the UK GDP for 2019 remained unchanged at 1,5 percent, and in the next year, the rise could reach 1.6 percent.
Read more: https://www.mt5.com/forex_humor/image/39747
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Метки: #forex_caricature |
Icy wonderland: Niagara Falls partially frozen |
In the middle of the past week, when anomalous frosts hit the world, a rare phenomenon was observed in the USA, partial freezing of Niagara Falls. This unique water cascade is located on the border of the United States and Canada. Low temperatures turned it into an icy wonderland.
The US National Weather Service forecast that the temperature would fell below -25 degrees Celsius. This contributed to the icing of the waterfall, experts confirm.
Fascinating ice fairy tale or, according to the visitors of the waterfall, the ice wonderland left no one indifferent. Many have tried to capture a unique spectacle.
Not only large areas of Niagara Falls were covered with ice, but also some structures near it. Street lights turned into figured ice pillars. The stairs and the railing of parapets had ice on them forming strange shapes.
According to preliminary estimates by experts, in some areas of Niagara Falls the thickness of the ice can exceed 10 m. However, the complete freezing of the water source is almost impossible, experts say. The reason for this is an impressive aggregate volume of water and a rapid flow of the river.
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Метки: #photo_news |
Icy wonderland: Niagara Falls partially frozen |
In the middle of the past week, when anomalous frosts hit the world, a rare phenomenon was observed in the USA, partial freezing of Niagara Falls. This unique water cascade is located on the border of the United States and Canada. Low temperatures turned it into an icy wonderland.
The US National Weather Service forecast that the temperature would fell below -25 degrees Celsius. This contributed to the icing of the waterfall, experts confirm.
Fascinating ice fairy tale or, according to the visitors of the waterfall, the ice wonderland left no one indifferent. Many have tried to capture a unique spectacle.
Not only large areas of Niagara Falls were covered with ice, but also some structures near it. Street lights turned into figured ice pillars. The stairs and the railing of parapets had ice on them forming strange shapes.
According to preliminary estimates by experts, in some areas of Niagara Falls the thickness of the ice can exceed 10 m. However, the complete freezing of the water source is almost impossible, experts say. The reason for this is an impressive aggregate volume of water and a rapid flow of the river.
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Метки: #photo_news |
US and Saudi Arabia outpace Russia in terms of oil production |
In November, Russia occupied the third place in terms of oil production, according to the Joint Organisations Data Initiative (JODI). The country’s output reached 10.729 million barrels per day. As cited by JODI, the world leadership is still held by the United States with a production volume of 11.693 million barrels per day. The second place was taken by Saudi Arabia produced 11.093 million barrels per day.
As cited by the organization, the volume of oil output in Russia decreased by 0.18 percent compared to October, while the US and Saudi Arabia ramped up production by 1.35 percent and 4.23 percent, respectively.
Earlier this week, global oil prices picked up slightly. Brent crude oil futures for March delivery rose 0.24 percent to $62.86 a barrel. WTI crude oil futures for March delivery went up by 0.02 percent to $54.20 a barrel.
According to Baker Hughes, the number of drilling rigs in the US is already taken into account, and the market shows a bearish trend. US oil-directed rigs dropped 21 units from last week to 852 units, and the number of gas drilling rigs decreased by 4 units. In general, the US rig count fell by 25 to reach 1,050 units.
Read more: https://www.mt5.com/forex_humor/image/39748
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Метки: #forex_caricature |
US and Saudi Arabia outpace Russia in terms of oil production |
In November, Russia occupied the third place in terms of oil production, according to the Joint Organisations Data Initiative (JODI). The country’s output reached 10.729 million barrels per day. As cited by JODI, the world leadership is still held by the United States with a production volume of 11.693 million barrels per day. The second place was taken by Saudi Arabia produced 11.093 million barrels per day.
As cited by the organization, the volume of oil output in Russia decreased by 0.18 percent compared to October, while the US and Saudi Arabia ramped up production by 1.35 percent and 4.23 percent, respectively.
Earlier this week, global oil prices picked up slightly. Brent crude oil futures for March delivery rose 0.24 percent to $62.86 a barrel. WTI crude oil futures for March delivery went up by 0.02 percent to $54.20 a barrel.
According to Baker Hughes, the number of drilling rigs in the US is already taken into account, and the market shows a bearish trend. US oil-directed rigs dropped 21 units from last week to 852 units, and the number of gas drilling rigs decreased by 4 units. In general, the US rig count fell by 25 to reach 1,050 units.
Read more: https://www.mt5.com/forex_humor/image/39748
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Метки: #forex_caricature |
Five most expensive gold coins in the world |
Specialists dealing with precious metals offer to pay attention to five gold coins which are recognized as the most expensive. They beat world records in term of price, but experts are confident that such a cost is fair.
According to experts of the precious metals market, the list of the most expensive gold coins in the world should contain only those of them that were sold at least once. However, the Australian Red Kangaroo coin is recognized the most expensive on the planet and at the same time the largest one. Its diameter reaches 80 cm, and it weighs 1 ton. It never changed the owner and is considered an exhibit.
Double Eagle (1933)
Price: $7.59 million
The leading position in this rating is occupied by the 1933 Double Eagle coin. In 1933, the US government imposed a ban on the possession of gold for all citizens of the country. It also related to gold coins, although Double Eagle was already ready for release. Coins were melted down, but some of them were saved. The exact number of untouched Double Eagle coins is unknown. In 2002, at the Sothebys auction, one coin was sold for $7.59 million 20 cents.
Brasher Doubloon (1787)
Price: $7.4 million
The second place in the list of the most expensive coins is taken by Brasher Doubloon. This is a gold coin bought by a large Wall Street investment company in 2011. It was sold by $7.4 million. The coin received its name on behalf of jeweler Ephraim Brasher, who lived in New York in the 18th century. He is the creator of this valuable coin. Brasher Doubloon coins are considered very rare, there are only a few copies in the whole world.
South Africa's Single 9 pound (1898)
Price: $4 million
South Africa's Single 9 pound ranks third in the list of the most expensive gold coins. It was released in 1898, although 1899 is considered the actual year of minting. This was the period of the Anglo-Boer War. At that time, South Africa could not make the stamp with the date of 1899, and the authorities had to use the old one with the 1898 number. Later, the local mint started issuing coins with the right date. Coins of 1898 and 1899 years of release received the name 'Single 9'.
Umayyaden Dinar (UK)
Price: lb3.7 million
In 2011, the Morten & Eden auction house in London offered for sale an Arabic gold coin from the 8th century. It is called Umayyaden Dinar. The initial price for this lot ranged from lb300 thousand to lb400 thousand. However, by the end of the auction the cost of a unique coin with a mysterious history reached an impressive lb3.7 million.
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Метки: #photo_news |
Five most expensive gold coins in the world |
Specialists dealing with precious metals offer to pay attention to five gold coins which are recognized as the most expensive. They beat world records in term of price, but experts are confident that such a cost is fair.
According to experts of the precious metals market, the list of the most expensive gold coins in the world should contain only those of them that were sold at least once. However, the Australian Red Kangaroo coin is recognized the most expensive on the planet and at the same time the largest one. Its diameter reaches 80 cm, and it weighs 1 ton. It never changed the owner and is considered an exhibit.
Double Eagle (1933)
Price: $7.59 million
The leading position in this rating is occupied by the 1933 Double Eagle coin. In 1933, the US government imposed a ban on the possession of gold for all citizens of the country. It also related to gold coins, although Double Eagle was already ready for release. Coins were melted down, but some of them were saved. The exact number of untouched Double Eagle coins is unknown. In 2002, at the Sothebys auction, one coin was sold for $7.59 million 20 cents.
Brasher Doubloon (1787)
Price: $7.4 million
The second place in the list of the most expensive coins is taken by Brasher Doubloon. This is a gold coin bought by a large Wall Street investment company in 2011. It was sold by $7.4 million. The coin received its name on behalf of jeweler Ephraim Brasher, who lived in New York in the 18th century. He is the creator of this valuable coin. Brasher Doubloon coins are considered very rare, there are only a few copies in the whole world.
South Africa's Single 9 pound (1898)
Price: $4 million
South Africa's Single 9 pound ranks third in the list of the most expensive gold coins. It was released in 1898, although 1899 is considered the actual year of minting. This was the period of the Anglo-Boer War. At that time, South Africa could not make the stamp with the date of 1899, and the authorities had to use the old one with the 1898 number. Later, the local mint started issuing coins with the right date. Coins of 1898 and 1899 years of release received the name 'Single 9'.
Umayyaden Dinar (UK)
Price: lb3.7 million
In 2011, the Morten & Eden auction house in London offered for sale an Arabic gold coin from the 8th century. It is called Umayyaden Dinar. The initial price for this lot ranged from lb300 thousand to lb400 thousand. However, by the end of the auction the cost of a unique coin with a mysterious history reached an impressive lb3.7 million.
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Метки: #photo_news |
The Economist calls ruble most undervalued currency against US dollar |
The Economist has published its annual review of one of the most controversial indices, the Big Mac Index. According to it, the ruble is the most undervalued world currency against the US dollar.
Since 1986, economists have been using a strange way to determine purchasing-power parity. Based on the value of the legendary hamburger of the largest fast-food restaurant chain in different countries, experts are trying to estimate the current exchange rate. So, in Russia, a Big Mac costs $1.65, while it is $5.58 in the US. Therefore, according to the economists, the ruble is undervalued by 70 percent against the US dollar. Building on these calculations, we can assume that the real value of the dollar is slightly above 22 rubles. Such a significant gap demonstrates a disbalance in the exchange rates. At the same time, there are also currencies that are overestimated. In particular, in Switzerland, a hamburger costs almost $8, which implies that the Swiss franc is overvalued by 19 percent. But the owners of currency exchange offices, as well as the Russian Central Bank, do not take such arguments into account when setting exchange rates.
The Economist claims that the index shapes the prospects perfectly: the undervalued currencies tend to strengthen on average over the next ten years, and vice versa. In addition to the Big Mac Index, there are also the Latte Index and the Ukrainian Borsch Index in the world, which is considered in two versions - with and without meat.
Read more: https://www.mt5.com/forex_humor/image/39678
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Метки: #forex_caricature |
The Economist calls ruble most undervalued currency against US dollar |
The Economist has published its annual review of one of the most controversial indices, the Big Mac Index. According to it, the ruble is the most undervalued world currency against the US dollar.
Since 1986, economists have been using a strange way to determine purchasing-power parity. Based on the value of the legendary hamburger of the largest fast-food restaurant chain in different countries, experts are trying to estimate the current exchange rate. So, in Russia, a Big Mac costs $1.65, while it is $5.58 in the US. Therefore, according to the economists, the ruble is undervalued by 70 percent against the US dollar. Building on these calculations, we can assume that the real value of the dollar is slightly above 22 rubles. Such a significant gap demonstrates a disbalance in the exchange rates. At the same time, there are also currencies that are overestimated. In particular, in Switzerland, a hamburger costs almost $8, which implies that the Swiss franc is overvalued by 19 percent. But the owners of currency exchange offices, as well as the Russian Central Bank, do not take such arguments into account when setting exchange rates.
The Economist claims that the index shapes the prospects perfectly: the undervalued currencies tend to strengthen on average over the next ten years, and vice versa. In addition to the Big Mac Index, there are also the Latte Index and the Ukrainian Borsch Index in the world, which is considered in two versions - with and without meat.
Read more: https://www.mt5.com/forex_humor/image/39678
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Метки: #forex_caricature |
Seven important global risks in 2019 |
According to experts, now the geopolitical environment is the most dangerous it's been in decades. Analysts from the Eurasia Group consulting agency decided to analyze what to fear in 2019. The made a list of the most significant risks for the current year.
Long-term global crises
Experst are sure that most world leaders are so busy dealing with short-term local crises that they’re ignoring much bigger problems down the road that could lead to collapse. In the first place, the outlook for institutions like the European Union and the World Trade Organization is negative. Geopolitical tensions are also created by the trade war between the United States and China.
US-China trade war
At the moment, further prospects for the development of trade relations between Washington and Beijing remain unclear. Even a truce in the trade war won’t fix the situation, analysts believe. They are confident that we should expect more discord in the arenas of technology, economics and security.
Cyber wars
According to experts, this year is likely to be a turning point in cyber competition. US authorities may begin to actively demonstrate their leadership in this area. This show of strength will not pass without a trace, and other countries will take retaliatory actions, analysts sum up.
European populism
In May 2019, when the EU holds parliamentary elections, euro-skeptics from both the left and right will win more seats that ever before. Note that at the moment, they’re winning by promising to ignore EU rules.
US domestic policy
According to experts, This will be a chaotic year for US domestic politics. Analysts believe that the level of political uncertainty in the country will be extremely high. At the same time, the American president found support in the face of a number of global leaders who do not wish to support the idea of the United States as a stronghold of the global order. These sentiments will contribute to further de-globalization, experts believe.
Slowdown in innovations
Analysts at Eurasia Group predict a reduction in the financial and human capital available to drive technological development. Experts blame three factors: security concerns, privacy concerns, and economic concerns.
Brexit
The withdrawal of the UK from the European Union is noteworthy. There are many difficulties in this matter. An example of this is the recent UK Prime Minister Theresa May's fail when trying to pass her unpopular withdrawal agreement. According to experts, in general, the current year will be very tense for Europe.
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Метки: #photo_news |
Seven important global risks in 2019 |
According to experts, now the geopolitical environment is the most dangerous it's been in decades. Analysts from the Eurasia Group consulting agency decided to analyze what to fear in 2019. The made a list of the most significant risks for the current year.
Long-term global crises
Experst are sure that most world leaders are so busy dealing with short-term local crises that they’re ignoring much bigger problems down the road that could lead to collapse. In the first place, the outlook for institutions like the European Union and the World Trade Organization is negative. Geopolitical tensions are also created by the trade war between the United States and China.
US-China trade war
At the moment, further prospects for the development of trade relations between Washington and Beijing remain unclear. Even a truce in the trade war won’t fix the situation, analysts believe. They are confident that we should expect more discord in the arenas of technology, economics and security.
Cyber wars
According to experts, this year is likely to be a turning point in cyber competition. US authorities may begin to actively demonstrate their leadership in this area. This show of strength will not pass without a trace, and other countries will take retaliatory actions, analysts sum up.
European populism
In May 2019, when the EU holds parliamentary elections, euro-skeptics from both the left and right will win more seats that ever before. Note that at the moment, they’re winning by promising to ignore EU rules.
US domestic policy
According to experts, This will be a chaotic year for US domestic politics. Analysts believe that the level of political uncertainty in the country will be extremely high. At the same time, the American president found support in the face of a number of global leaders who do not wish to support the idea of the United States as a stronghold of the global order. These sentiments will contribute to further de-globalization, experts believe.
Slowdown in innovations
Analysts at Eurasia Group predict a reduction in the financial and human capital available to drive technological development. Experts blame three factors: security concerns, privacy concerns, and economic concerns.
Brexit
The withdrawal of the UK from the European Union is noteworthy. There are many difficulties in this matter. An example of this is the recent UK Prime Minister Theresa May's fail when trying to pass her unpopular withdrawal agreement. According to experts, in general, the current year will be very tense for Europe.
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Метки: #photo_news |
Fight and search! Find and screw up ... |
The tireless team of Russian "substitutes" again in action. The admiring speeches about yet another successful finding of replacing the American dollar, as practically another one was discovered, have not yet subsided. If then it was about cryptocurrency, in particular about Bitcoin, which is called digital gold, then this time we paid attention to the second word in this combination. Gold!
Great, why not. This idea was voiced by the Chairman of the Board of the Moscow Exchange Alexander Afanasyev. In the case of investing, Russian gold is quite suitable as an alternative, the expert noted. “It is known that there are a number of superconservative investors who bought dollars and kept them under the pillow, believing that this is very reliable. I personally do not think so, but there are such people, ”said Afanasyev, adding that gold can quite occupy this place. The only thing that stands in the way is VAT, in its current form, the tax hinders the development of the gold market. In countries that refused to tax (Singapore, China, Germany, Switzerland), the market instantly grew.
During 2018, the Central Bank of the Russian Federation bought monetary gold to replenish gold reserves. On January 1, 2019, its reserves are 2112 tons. Thus, the Central Bank over the past year bought 80 percent of the expected metal production, or 96 percent of all mined from the depths. Now that Russia has overtaken China in terms of gold reserves, the most opportune moment for reviewing current legislation.
Read more: https://www.mt5.com/forex_humor/image/39727
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Метки: #forex_caricature |
Future within reach: 10 breakthrough innovations in 2018 |
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Метки: #photo_news |
