Financial Crisis

Auto Added by WPeMatico

IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money

by

This month the International Monetary Fund (IMF) released a report on global monetary policy in the digital age which explains that “crypto assets may one day reduce demand for central bank money.” The IMF study was written after an IMF staff discussion that details that cryptocurrencies could someday lower the demand for fiat currencies by … Read more

Millennials Will Never Recover From 2008 Financial Crisis, Student Loans Worsen the Issue

by

According to a study released by the Federal Reserve Bank of St. Louis entitled “A Lost Generation”, millennials will never be able to recover from the Great Recession and the 2008 financial crisis. The Fed stated that families headed by someone born in the 1980s have net worths that are 34 percent lower than expected. The report read: We found … Read more