Gold-Backed Currencies To Replace The US Dollar In Global South

Gold-Backed Currencies To Replace The US Dollar In Global South

One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”

Big US Banks Prepare For Recession

Big US Banks Prepare For Mild Recession

Major US banks have reported mixed results for the fourth quarter, as bank executives pointed to the rising odds of a “mild recession,” with inflation and interest rate hikes challenging households and businesses. It seems like big US banks are preparing for a mild recession.