american economy

  1. Hong Kong Braces for Higher Rates as Currency Losses Quicken

    Hong Kong Braces for Higher Rates as Currency Losses Quicken
    How long can it last? That’s what watchers of Hong Kong’s markets are asking as the gap between local and U.S. interbank rates widens to the most since 2009. The city’s currency peg to the greenback effectively ties its monetary policy to that of the U.S., making the growing differential all the more curious. Now things may be changing, with...
  2. The Crash of 1929: "Somewhere, Deep Down, They Knew the Party Was Over"

    The Crash of 1929: "Somewhere, Deep Down, They Knew the Party Was Over"
    "...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today." "There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the...

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