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The global economic perspective has undergone a massive shift over the last year. Indeed, the US dollar has been losing ground as countries across the globe seek greater diversification in their economic standing. Subsequently, amid BRICS leading the de-dollarization charge, one economist has said the US is “sleepwalking” into recession. Specifically, top economist David Rosenberg spoke to Business Insider on critical areas of an economic downturn beginning to show themselves. Rosenberg noted the data indicates “the downturn in the economy may not be as far away as many believe.” Source: economictines.com Also Read: BRICS : Top Economist Says U.S. Dollar is ‘Getting Worse’ US Economist Warns of an Impending Recession Throughout the last year, the BRICS bloc has consistently sought to orchestrate the creation of a multipolar world. The prevalence of the West and the weaponization of currency facilitated that idea to become immensely popular among em...

The US dollar has emerged as one of the strongest global currencies, holistically conquering its contemporaries. The American currency has emerged victorious among all, defeating nearly 150 currencies on a global level.  Despite encountering several economic bumps and criticisms, the greenback’s dominance is shining as brightly as it was in the 2000s as experts weigh in on what makes it the king of all currencies.  Also Read: Currency: What’s Happening With The US Dollar & Pakistani Rupee? The US Dollar Continues To Gain Strength, Mirroring Its 2000’s Robustness and Power Source: AFP Despite the paralyzing criticism and scrutiny that the US dollar usually receives, the currency mechanisms point towards its acute robustness and strength as it continues to thrive. Per NYT, the greenback is showing signs of progress by mimicking its earlier power surge of the 2000s . “Every major currency in the world has fallen against the US dollar this year.” The...

The US economy quickly recovered in 2024 from the COVID-19 lockdown slump leading to a fresh sense of enthusiasm across the country. The Dow Jones Industrial Average hit all-time highs this year touching 37,903 on Wednesday’s closing bell. The Nasdaq composite also touched 15,605 during the same period and the US equity markets are moving in the right direction in 2024. Also Read: Not Technology, Finance Jobs in the U.S. Receives High Demand However, it is the affluent Americans who are driving the US economy this time around and not the middle-class segment.  Affluent Americans who purchased government bonds received higher yields than other contemporaries in 2024. The development is what’s likely delaying the Fed’s rate cuts this year. US Economy: A Balancing Act From Affluent Americans Source: Bloomberg While the rising value of homes is causing trouble for the middle class, affluent Americans are enjoying the rewards...