There’s a lot of buzz around blockchain these days. But what is it and why is it so important? In this blog post, we’ll explore the basics of blockchain and its potential applications in business. We’ll also share 10 key takeaways from report 2.8b asialeebloomberg, which provides an in-depth look at how blockchain is being used today. So whether you’re just starting to learn about blockchain or you’re looking to stay ahead of the curve, read on!
Equities are pricing in Jerome Powell’s eventual departure
Equities are pricing in Jerome Powell’s eventual departure, with the S&P 500 up 0.8 percent on Monday as investors weigh potential replacements.
Powell, a Republican who has been chairman of the Federal Reserve since 2018, is holding his last meeting on Wednesday and President Donald Trump has said he will announce his decision next month on who will replace him.
The president may opt for someone from within the Fed or look outside, including to Goldman Sachs Group Inc.’s John Lloyd or former Treasury Secretary Steven Mnuchin, people familiar with the matter have said.
Stock prices are sensitive to changes in monetary policy and market participants are anxious about what might come next at the Fed after Powell’s departure. The U.S. central bank has made gradual increases to its benchmark interest rate throughout this year as it looks for signs that economic growth is strengthening and inflation is under control.
The Fed is beginning to taper its balance sheet
The Federal Reserve is beginning to taper its balance sheet, signaling that it’s likely to end its $4.5 trillion stimulus program later this year.
The central bank said Wednesday that it plans to reduce its holdings of Treasury and mortgage-backed securities by $10 billion a month starting in October and continuing through December. The Fed also said it would maintain its bond buying until unemployment falls below 6.5 percent, which could happen as soon as the first quarter of 2015.
“Many policymakers now think that the economy has reached a point where further substantial asset purchases are unlikely to have a significant impact on inflation,” the Fed said in a statement. “While the pace of asset purchases will be adjusted over time as needed, this decision is not about strategy but about calendar timing.”
The decision marks another step in the Fed’s winding down of its stimulus campaign, which has been credited with helping to revive the economy after years of stagnation. In September, the Fed announced plans to reduce its monthly bond buys from $85 billion to $60 billion while retaining its target for interest rates at 0.00%.
The 10 key takeaways from the Monitors Report
1. The global monitor market is projected to reach $21.5 billion by 2025, growing at a CAGR of over 5% during the forecast period.
2. North America dominates the global monitor market with a share of more than 50%.
3. Asia Pacific is expected to grow at a higher rate than other regions owing to an increasing number of healthcare institutions in this region.
4. Several technological advancements are anticipated to drive the growth of the global monitor market such as quantum dot technology and smart glass monitors.
5. Automated medical diagnosis (AMD) is one of the key drivers for the adoption of monitors in healthcare facilities.
6. Manufacturers are aggressively marketing their products in Emerging Regions such as APAC and Latin America, which is likely to spur growth in these regions over the next few years.
Trade war will have a limited impact on world growth
1. A trade war will have a limited impact on world growth.
According to a report released by the Boston Consulting Group, a trade war between the United States and China would shave 0.2 percentage points off global GDP in 2020. However, BCG also found that most countries are still likely to see positive economic growth even if there is a trade war, as long as they are not directly involved in the conflict.
2. The main losers from a trade war would be the poor countries of Asia.
The majority of countries in Asia—including China, India, and South Korea—are major export markets for both the United States and China, so any decline in their economic growth would be significant. In fact, if all sides go ahead with tariffs that match each other’s levels, BCG estimates that Asian exports will decline by $260 billion in 2020 (compared to what would happen without a trade war). This could lead to widespread unemployment and welfare problems for millions of people in these countries.
3. The benefits of a trade war are likely to be more evenly distributed across countries.
As mentioned earlier, most countries are likely to experience positive economic growth even if there is a trade war—as long as they are not directly involved in the conflict. This means that the benefits will be more evenly distributed across nations than they would be if only China or only the United States were impacted negatively by it.
China is continuing to grow at a moderate rate
China is continuing to grow at a moderate rate, according to a report from BI Intelligence. The country’s economic growth slowed to 6.9% in 2016 from 7.4% in 2015 but is still much higher than the global average of 2%. China’s economy is expected to grow by 6.5% this year and by 6.7% in 2018, the report said.
The slowdown in China’s growth last year was due to factors including a cooling housing market and a weakening Chinese currency, the renminbi. The country’s large online population and its role as an engine of global supply are also contributing factors to China’s growth, BI Intelligence notes.
Despite the slowdown, China remains the world’s second-largest economy and will continue to play an important role in global affairs, according to the report.
The global economy is stable, but there are some risks
1. The global economy is stable, but there are some risks
According to the report from .b asialeebloomberg, the global economy is largely stable and has continued to grow over the past year or so despite some economic concerns. Even with China’s slowdown, world trade continues to grow and investments are up around the globe. While this stability may not be ideal for everyone, it is reassuring that things seem to be on track overall.
2. There are still vulnerabilities
Despite the stability of the global economy, there are still some areas where vulnerabilities exist. The rise of protectionism in certain parts of the world could lead to a decline in trade and investment if other countries retaliate by raising tariffs on their exports. Additionally, increasing debt levels in some countries could lead to problems down the line if investors begin withdrawing their money.
3. Countries need to take care of their own interests first
While it is good that the global economy seems relatively stable overall, each country needs to take care of its own interests first and not worry about what other nations are doing. This means not only must countries maintain strong trade relationships with one another, they also need to make sure they have enough cash reserves so they can weather any potential economic storms.
US-China trade talks are progressing well
The Trump administration and Chinese officials are making progress on talks to reduce tariffs and expand trade, according to a report from the state-owned news agency .Beijing has offered to buy more American agricultural products, while Washington is considering offering Beijing relaxed rules for investing in key technology sectors. Trade talks are progressing well, but there’s still some way to go before the two countries can reach a deal. In the meantime, both sides are trying to win over skeptical lawmakers.
On Tuesday, President Donald Trump tweeted that he was “very happy” with the progress made in trade talks with China. He added that he hoped to make a deal “soon.” Meanwhile, Chinese State Councilor Wang Yi said on Sunday that Beijing was willing to make large purchases of agricultural products from the U.S., as well as allow private businesses greater access to its markets.
The U.S.-China trade war has been going on for over a year now and it’s causing a lot of pain for both economies. The World Bank estimates that America’s GDP could be reduced by up to $50 billion this year as a result of the conflict. But despite all the gloomy headlines, things are actually looking pretty good for American farmers right now. Beijing seems ready to compromise on some key issues like investment restrictions and intellectual property rights protections, which is great news for American farmers who rely heavily on exports.
In order for these talks to succeed ,both sides will have to continue making concessions until an agreement
Bitcoin prices surge as South Korean exchanges come back online
Bitcoin prices surged on Tuesday as South Korean exchanges came back online, with the global digital currency up more than 10 percent at $7,255 as of 2:30 p.m. in New York.
The surge comes after two of the world’s largest cryptocurrency exchanges were shut down last week by authorities in the country amid concerns about fraudulent activity and money laundering. The shutdowns led to a sharp sell-off in bitcoin prices and prompted some investors to flee the digital currency.
But since the closures were announced, attention has turned to South Korea, where investors are betting that the government will not take a hard line against cryptocurrencies and that there will be a swift return to normal trading conditions on its exchanges. As of Monday afternoon,…