The role of central banks

Central banks are at the heart of the financial system of any given country in that they are the authorities controlling the supply of money, and therefore control the functions of economical fields. They evolved from the lack of stability in financial market that ruined a lot of economies during the 19th century.

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Currencies of developing countries crumble

At the beginning of this week 20 major currencies of developing countries fell sharply against the American dollar, with especially hard-hit Indian Rupee. Financial markets of developing countries are having growing tension.

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EURUSD reaches new weekly highs

Last Friday, the U.S. dollar sharply given the slack, which affected the dynamics of the movement of many currency pairs at Forex market. For example, the EUR/USD reached 1,335 and the GBP/USD reached the level of 1.564.

Such a strong weakening of the dollar is associated with the outflow of investment in the debt market in the U.S. as well as with the weakness of the stock market and the increase in the money supply.

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Not easy year for the Russian economy

If we exclude 2009, when the Russian economy collapsed due to the global financial crisis, the current 2013 may turn out to be the worst in the entire period of the rule of Vladimir Putin in terms of economic growth.

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How the U.S. became a leader of Third Industrial Revolution

The U.S. economy is gradually recovering from the unprecedented scale of the financial crisis. U.S. could significantly accelerate the growth of GDP, its export was raised to record highs and unemployment was reduced. America's position is still far from ideal but it is much better than, for example, in Europe and some developing countries.

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U.S. government can follow Detroit this fall

This fall the U.S. government can follow Detroit and declare bankruptcy but this time it can touch the whole country. Officially, the US national debt stands at $16.7 trillion, including nearly $12 million in debt held by the public in the form of Treasury Bonds. According to an influential University of California economist, the national debt is more than $86.8 trillion.

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American economy recovers

The markets will experience a so-called "break-up" already this fall - the U.S. economy is recovering, which means that the Fed will roll a third round of quantitative easing in September.

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