If a U.S. recession is in the offing, analysts from JPMorgan Chase say it’s time to own Swiss francs, Singapore dollars, U.S. dollars or Japanese yen. This according to a recent Bloomberg article. The analysts, who used currency performance data from the last five recessions, said, “Recessions are when creditors get to ask for their money back,” adding, “Three of the top four currencies to own during a recession are those of countries that boast… Read More
Sweden is experiencing a huge decline in the use of cash, a situation that is starting to worry the country’s authorities. This according to a recent article in Bloomberg. “Sweden is widely regarded as the most cashless society on the planet,” the article reports, adding that most of the country’s bank branches have stopped handling cash and many shops, museums and restaurants now only accept plastic or mobile payments. “But there’s a downside,” the article… Read More
With central banks around the globe making an array of moves to weaken or strengthen their currencies, talk of currency wars has risen. Kenneth Fisher says not to buy it.