The barter system is the oldest method of exchanging goods for other goods. It was first introduced in 6000BC by Mesopotamia tribes. Back in the day, salt and spices were used as the main mediums of exchange. This is how the first-ever form of foreign exchange looked like. Eventually, the first gold coins were produced in the 6th century BC, and they acted as a currency. Although gold coins were widely accepted as a medium of exchange, they appeared to be impractical because they were quite heavy. In 1875, the countries adopted the Gold more…
Congratulations, we’ve made it through 2020! This eventful year is almost over. Let’s take a moment to look back and recall its key events.
It’s difficult to
even start to comprehend how much this expiring year has changed our lives. We
are all wearing masks and washing our hands several times a day now. If someone
told us back in 2019, that we wouldn’t be able to travel or even leave our house,
we would laugh in their face. But we did face the lockdown and spent several
months self-distancing, in isolation.
But apart from the
much-hyped coronavirus, what other key events are worth considering? We believe
that there were more…
2021 begins there are hopeful signs that the markets will continue to recover
this year. A new US president is
promising a return to normalcy and the multi-billion US stimulus package is
expected to provide a modest boost to the economy very soon.
market trends are expected to continue well into 2021. Here are a few to look
January 20, Joseph Robinette Biden Jr. will be sworn in as the 46th president
of the United States.
analysts are predicting that his administration will bring more certainty and
stability to the global economy, and that’s good news for the markets. The
outlook is positive and Wall more…
The USD saw some gains during this week as sentiment worsened, but the rally was only mild, and it looks like traders are immediately selling it.
The US Congress has finally approved the new fiscal stimulus, although the amount of 900 billion USD seems fairly low. US President Donald Trump has already said he wants more money for US families, so there could still be some complications.
The Federal Reserve (Fed) seems to be aware of
this, pumping an astonishing 120 billion USD into the financial system last
During the height of its monetary policy response to the Great Financial Crisis of 2008, the Fed was printing 80 billion more…
months after an unanticipated virus broke out and began spreading around the
world, now known as Covid 19, Coronavirus, or simply Covid, the global
community is still struggling to find some stability amid unprecedented
economic and financial uncertainty.
outbreak had immediate and massive effects on trade and the global economy.
fluctuations in national economies all around the globe.
lockdowns were being introduced in March 2020, the Dow Jones Index dropped 2,997 points, the
largest ever-recorded single-day point loss since May 1897.
millions of people lost their jobs. Millions of others had to suddenly adjust
to working from home. While businesses had more…