Home / Economics (page 2)

Economics

Fed rate decision, as Brexit remains in focus

fed

Federal Open Market Committee (FOMC) is widely expected to hold its benchmark Federal Funds Rate steady upon the completion of its June monetary policy meeting. The FOMC has left the target range of the Fed Funds Rate unchanged between a level of 0.25 and 0.50% at each of its first three meetings this year. Last ...

Read More »

New stock market crash inevitable

New stock market crash inevitable Every production phase or society or other human invention goes through a so-called transformation process. Transitions are social transformation processes that cover at least one generation. In this article I will use one such transition to demonstrate the position of our present civilization and and ...

Read More »

Should Greece Leave the Eurozone? Poll. Vote Now

Should Greece Leave the Eurozone? Poll Vote now [yop_poll id=”1″]

Read More »

Current Problems Associated with the End of the Third Industrial Revolution

By Wim Grommen, a teacher in mathematics and physics and later a trainer of programmers in Oracle software. He has also studied and written about transitions, social transformation processes, the S-curve and transitions in relation to market indices. Originally presented at an international symposium in Valencia: “The Economic Crisis: Time ...

Read More »

40 Australian economists urge debt forgiveness for Greece

Forty Australian economists issued a statement prior to the Greek national elections on January 25 claiming that the debt recovery program is unsustainable. They criticize the austerity program imposed by the Troika of the Europen Commission  (EC), European Central Bank (ECB) and the International Monetary Fund (IMF) as a “failure”. ...

Read More »

Euribor

Euro Interbank Offered Rate. The Brussels-based European Banking Federation’s Euro-denominated counterpart to LIBOR. As of January, 1999, Euribor seems to be winning its battle for acceptance over the British Bankers Association’s Euro LIBOR (q.v.), but London still hopes to win the war for the financial business. On 1/7/99 LIFFE announced ...

Read More »

Bank run (bank panic)

A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the charteringagency, i.e. many depositors withdraw cash almost simultaneously. Since the cash reserve a bank keeps on hand is only a small fraction of its deposits, a ...

Read More »