Systemic Banking Crises, Recessions Have Lasting Effects on Growth, Development March 27, 2023/World Bank The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. An ambitious policy push is needed to boost productivity and the […]
OPINION/EDITORIAL
Bitcoin Price Increased 37.06% in March, Beating 97.6% of the S&P 500
Image Credit: cryptomaniaks March 27, 2023 credit cryptomaniaks.com Bitcoin outperforms 97.6% of the 500 leading publicly traded companies in the U.S. Since March 10th, the price of bitcoin has risen by 37.06%. Bitcoin outperforms the YTD returns of 488 S&P companies, including FedEx, Apple, and Amazon. With the recent crash […]
Credit Suisse Rescue Supported by Switzerland’s Fiscal Space
March 27, 2023/Fitch Ratings The takeover of Credit Suisse by UBS avoids a full-blown banking crisis with sizeable spillovers to Switzerland’s public finances, but highlights how the sector represents a contingent liability risk for the sovereign, Fitch Ratings says. The fiscal cost of the authorities’ intervention will depend on how […]
