If the direction of central bank liquidity influences asset prices, then it is central bank liquidity that also determines when cash is king and when cash is trash. Famous billionaire hedge fund investor Ray Dalio often refers to cash as trash, but cash can also be king. How often have you heard people lamenting being unable to participate in the bargains because they have no surplus spending money? So when money is tight, bargains...
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Central Bank Digital Currency (CBDC) is gaining momentum, according to the results of 2021. BIS survey on central bank digital currencies,published in May noted that more than a quarter of central banks are developing or running concept pilot plots. The BIS paper consisted of 81 central banks surveyed, which concluded that CBDC is gaining momentum due to several factors The pandemic has spurred demand for contactless digital...
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Global income inequality is on the rise after making decades of progress, and it is now emerging that the pandemic lockdowns have affected the poorest people in society the most. Moreover, the war in Europe is adding to supply chain problems for soft commodities and energy, which is fueling a cost of living crisis where the burden is felt the most by those scraping a living. So global income inequality and rising homelessness, and...
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