I think a lot about what money is worth and believe that it has no intrinsic value, says Dalio.
Covid-19 the last nail in the coffin, say MSMEsDespite the hype around MSMEs being the backbone of the economy, in this hour of need, there has been little or no assistance from the government.
Equinox sent letters to contractors last month, informing them that the luxury fitness company would not be fulfilling invoice payments until further notice. The New York-based company confirmed the action to Fortune on Tuesday, pointing toward the coronavirus outbreak and subsequent shutdowns affecting businesses around the world as contributing factors. “Equinox has temporarily halted payments […]
Eventually, when the coronavirus crisis ends, a vital question will hang over the world financial system: What comes next? As with the 2008 financial crisis, a domino effect will expose flaws in the system. As panicked markets prompt central banks to deliver unprecedented monetary stimulus, a vicious cycle of competing currency depreciations will ensue, benefiting […]