Business

Morgan Stanley's Chetan Ahya, global co-head of economics, who undeterred by Morgan Stanley's dire credit outlook, is especially optimistic about the coming year, and in today's Sunday Start writes that the bank's key call for 2018 is that "the global cycle will stay stronger for longer" and explains that his constructive view is borne out of the confidence that "five critical factors will evolve in a benign fashion."

Here are the 5 factors that form the basis for and Morgan Stanley's optimistic outlook:

Both CME and CBOE Bitcoin Futures contracts opened above $20,000 this evening (with Bitcoin spot hovering around $19,000).

However, as soon as trading started, Bitcoin futures got hammered lower...

Submitted by Shant Movsesian and Rajan Dhall MSTA
from fxdailyterminal.com

Via GEFIRA,

In a recent paper - The Macroeconomics of De-Cashing, Alexei Kireyev of the International Monetary Fund advises abolishing cash without having the citizens aware of the process.

First, large banknotes are to be withdrawn from circulation, next limits on cash transactions are to be imposed, then computerization of the world’s financial system and control of international cash transactions are to be enforced and, finally, private companies are to be encouraged to avoid cash transactions.

Via TimeMoney.com,

Output Gap Explained

The output gap is the difference between actual and potential economic output and is used by economists to understand the health of the economy.