economy

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The Next Few Days Are Very Important For Gold

15 Dec 2020 1 minute read 0 comments chorock

Here is a daily chart of Gold prices. Gold prices rose 1.5% today. As the daily chart of Gold, RSI reached at the level of down trend. Gold prices met bearish resistance since August. It is so important to break line to change the trend. Here is als...

Brief Overview on the Philippine Economy

15 Dec 2020 2 minute read 0 comments Gelo17PH

  Describing the economy of a country is certainly a hard task. There are so many areas to cover and analyze. In this article, we will give an overview on the economy of the Philippines. Philippines is ranked 33rd on the World Bank GDP Ranking for 20...

Dump for Brent Price is so Close

14 Dec 2020 1 minute read 1 comment chorock

As the daily chart of Brent Crude Oil, Bullish trend coming from March may be ended in a few days. Price reached Fibonacci 0.618 level and It is at the top of bullish trend line. If the price fails, it will break the rising trend line down.  There is...

People fleeing the cities buying New homes, while people are getting kicked out of their old homes?

7 Dec 2020 1 minute read 0 comments LillyLane

What's wrong with this picture?   Wallstreet is pushing on stocks and ranting how Homebuilder's are the way to go.  But wait, what about all the people ditching their homes because they can't pay rent or mortgage?  What are you left with?   From what...

Financial vs. Formal Dollarization

6 Dec 2020 1 minute read 0 comments Juan Molina

Image Source   The economy of Venezuelan citizens has not only been forcibly alienated by US dollars, but also by currencies from other countries. In cities in the border states, the use of foreign currencies is a day-to-day situation. On the border...

Arbitrage in Nigeria: Corruption or just a part of the game?

2 Dec 2020 1 minute read 0 comments belemo

The thing about Nigeria is that even the most mundane thing feels corrupt and shady. Things like Arbitrage, for example, between the dollar to naira exchange rate has come to mind and it is a "thriving" business for an exclusive bunch. The official...

The 3 most exclusive credit cards.

30 Nov 2020 1 minute read 1 comment pavlidistheo

Credit cards appeared in the late 50s and changed the way we buy goods and services. Most consumers with a bank account can register for a credit card, but there are a few only the world's elite can acquire. These special credit cards are accessible...

The Venezuelan Economic Chaos - Part 2

30 Nov 2020 2 minute read 0 comments Juan Molina

Image Source It was 6 years ago, with the collapse of oil prices in the international market, when there was a cut in the flow of income to the nation and in this way the internal shortage increased, since the import policy in all areas it had vastly...

The Weekly Summary - Personal Finance Edition [Issue 33.0]

23 Nov 2020 1 minute read 16 comments tvlachak

Issue 33.0 / November 23, 2020 Personal Finance "The economy we knew is probably a thing of the past." - Jerome Powell, US Federal Reserve Chairman. What it took to save $100K in two years. I know about generational wealth, but this is the first tim...

The new paradigm.

10 Nov 2020 1 minute read 2 comments bhok

With more than 18 million Bitcoins issued, Bitcoin is entering its last phase of emission, with the implications that this entails. Basically, Bitcoin is ending its inflationary stage and entering a deflationary dynamic. To this we must add the absol...