Financial And Economic Crisis In The Headlines

Economic NewsThe Forex markets are open 24-hrs a day throughout many of the week, permitting traders an enormous flexibility on deciding when to enter their trades with the intention of making a worthwhile determination of every of those trades entered available in the market. As long as the markets are open the prices will likely be always fluctuating as a response to a lot of factors that can affect the markets, as can be simply seen by looking on the charts. And it’s due to this fluctuations that merchants can have profitable trades many times per week.

However, as I have argued elsewhere, this could be a far too technologically determinist understanding of Guattari’s idea of ecologies that pays too little attention to the crucial area of psychological ecology. In fact at present’s miniaturised media are highly unstable ecologies where there’s a clash of imcompossible forces and unpredictable vectors, ranging from … Read more

Venezuela is heading for bankruptcy, why can it happen?

US senses breakthrough in Venezuela crisis | Financial Times

Hundreds of thousands of Venezuelans have fled abroad in search of a better life following the worsening economy of the South American country since mid-2017.

The International Monetary Fund (IMF) predicts the inflation rate in Venezuela could reach 13,000 percent in 2018.

Since January 2016, President Nicolas Maduro set an economic emergency status to overcome the severe conditions in the oil-rich country.

But until now Venezuela’s political and social conditions have become increasingly unstable. Anti-government protests expanded to a peak in mid-2017 and killed dozens of people.

Citing news from CNN, here are five reasons that can at least explain why Venezuela’s economic crisis continues to deteriorate:

  1. The fall in world oil prices

Most of Venezuela’s economy depends on petroleum commodities. At present, world oil prices have dropped to US $ 28.36 per barrel. The lowest price since the last 12 years.

The fall in crude oil prices since 2013 … Read more