Browsing: Federal Reserve

Africa's debt sustainability struggles

Over the past decade, African countries have accumulated external debt at a faster pace. The countries have capitalized on abundant, low-cost international credit for fiscal and balance-of-payments funding to help drive development plans.

Africa’s total external debt, accrued by both the private and public sectors, owed to foreign lenders, has surpassed $1 trillion. The related annual debt servicing costs broke through the $100 billion threshold for the first time in 2021.…

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The Crypto market in the world is looking ugly.

The bitcoin price fell to a three-month low on January 10, accelerating the slide that started when the Federal Reserve ignited a broad sell-off worth US$300 billion. The bank cautioned that it might move more quickly than previously expected to reverse policy meant to reinforce the economy during the Coronavirus pandemic.

Experts predict that the latest crypto fall will persist for weeks in the Federal Reserve measures continue to be more aggressive.…

As the rise and fall becomes more frequent and intense, it confirms that bitcoin does not follow a come -around -go-around trend.
In October this year, bitcoin drooped intensely before breaking the roof to hit a record high of US$66893.22. Investor psychology can be used to explain the trend in digital currency.

On a normal day, bitcoin investors use a fall in bitcoin worth as a go ahead to purchase, due to low prices at this time. The investors then wait to reach highs to sell off their accumulated assets; creating a loop of buying and selling.…