New York Times (February 5)
“A sense of foreboding,” carried over from the pandemic, remains shared by many Americans. Though this “sense of insecurity has seeped into the crevices of everyday experience,” it increasingly seems to “conflict with data points that reflect an unambiguous strengthening of the American economy. Incomes have risen, unemployment remains low and consumer confidence is improving.”
Tags: Conflict, Data points, Economy, Everyday, Foreboding, Incomes, Insecurity, Pandemic, Strengthening, U.S., Unemployment
Equities News (March 28)
“The petrodollar was born” in 1975. When OPEC members exclusively adopted the dollar for pricing, it “had the immediate effect of strengthening the U.S. dollar,” with the greenback becoming “the world’s reserve currency, a status formerly enjoyed by the British pound, French franc and Dutch guilder.” Today, however, “we may be witnessing the end of the petrodollar as more and more countries, including China and Russia, are agreeing to make settlements in currencies other than the U.S. dollar. This could have wide-ranging implications on not just a macro scale but also investment portfolios.”
Tags: 1975, China, Currencies, Franc, Greenback, Guilder, Implications, Macro scale, OPEC, Petrodollar, Pound, Reserve currency, Russia, Settlements, Strengthening, U.S.
