Category: Economics
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RMB Tokenized Fund Launch
On July 17, 2025, the Hong Kong arm of China Asset Management (ChinaAMC), China’s second-largest fund firm, launched the world’s first renminbi (RMB)-denominated tokenized money market fund. Economics 100, Chief Economist: Executive SummaryOn July 17, 2025, China Asset Management (Hong Kong) launched the world’s first RMB-denominated tokenized money market fund, a landmark in both China’s financial…
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BRICS Investment Guarantee Fund
The BRICS alliance is set to launch a new investment guarantee fund, backed by the New Development Bank (NDB), aimed at reducing financing costs and boosting investment in member states, positioning it as a rival to the World Bank’s Multilateral Investment Guarantee Agency (MIGA). The initiative, reported on July 3, 2025, by Reuters, has received…
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US Debt Interest & Defense
In the most recent fiscal year, the United States spent over $1 trillion solely on interest payments for the debt accumulated over its history. To put that in context: the federal government now allocates more funds to servicing debt interest than it does to national defense. Your deep assessment? Economics 100, Chief Economist: Here’s a…
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Multipolar Monetary System?
Pan Gongsheng, the governor of the People’s Bank of China, recently stated at the Lujiazui Forum in Shanghai on June 18, 2025, that he anticipates a shift toward a “multi-polar international monetary system” where multiple sovereign currencies, including the renminbi, would coexist and compete, challenging the long-standing dominance of the U.S. dollar. He highlighted the…
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Elon, Trump and Stocks
How is today’s confrontation between Elon Musk and Donald Trump affecting the American stock markets? What’s happening to the shares of Trump’s companies, and what’s happening to the shares of Elon Musk’s companies? I’d like a detailed analysis. Economics 100, Chief Economist: Executive Summary The escalating public feud between Elon Musk and President Donald Trump…