The Rise of Digital Banking The Rise of Digital Banking (image credits: pixabay) Digital banking has swiftly transformed the way individuals manage their finances. In 2023, over 2 billion people globally were reported to use digital banking services, demonstrating a significant departure from traditional banking methods. This massive shift is largely driven by the convenience ...
Understanding the Great Wealth Transfer Understanding the Great Wealth Transfer (image credits: pixabay) The concept of the Great Wealth Transfer is more than just a buzzword; it signifies a profound shift in the distribution of assets across generations. In the United States alone, an estimated $68 trillion is expected to change hands from the Baby ...
The Paradox of Economic Growth The Paradox of Economic Growth (image credits: pixabay) Economic growth is often seen as a tide that lifts all boats, but recent trends suggest otherwise. Despite a booming economy and record-breaking corporate profits, wages for the average worker have barely budged. This paradox can be perplexing. How can companies be ...
The Historical Dominance of the US Dollar The Historical Dominance of the US Dollar (image credits: unsplash) The US dollar, often referred to as the “greenback,” has long been the cornerstone of global finance. Since the end of World War II, the dollar has held its place as the world’s primary reserve currency. Countries around ...
The Invisible Hand: Supply Chains in Everyday Life The Invisible Hand: Supply Chains in Everyday Life (image credits: rawpixel) Global supply chains are like the invisible puppet masters of the market. They determine what products are available, their price, and even their quality. Imagine wanting a specific brand of coffee, only to find it’s unavailable ...
Elevated Recession Probabilities Elevated Recession Probabilities (image credits: flickr) Recently, J.P. Morgan Research raised the likelihood of a U.S. and global recession occurring before the end of 2024 to 35%, up from a previous estimate of 25%. This increase in probability is not just a number; it reflects growing concerns about the global economic landscape. ...
Five Stages of a Bubble Five Stages of a Bubble (image credits: unsplash) Economic bubbles typically progress through five distinct stages: displacement, boom, euphoria, profit-taking, and panic. It all begins with displacement, where a new paradigm or innovation captures the imagination of investors. This could be anything from a technological breakthrough to a regulatory change. ...
Interest Rate Adjustments Interest Rate Adjustments (image credits: wikimedia) Interest rates are one of the most direct tools central banks have at their disposal. By setting benchmark interest rates, they influence the cost of borrowing and the return on savings. When central banks decide to raise interest rates, borrowing becomes more expensive. This can translate ...
The Middle Class Is Shrinking—Fast The Middle Class Is Shrinking—Fast (image credits: wikimedia) The middle class has long been considered the backbone of a thriving economy. However, in recent decades, this economic pillar has been crumbling. In the United States, the middle class has shrunk significantly, dropping from 61% of the population in 1971 to ...
The Number of Digital Nomads Is Exploding The Number of Digital Nomads Is Exploding (image credits: unsplash) In recent years, the world has witnessed a remarkable surge in the number of digital nomads, now surpassing 35 million globally. This burgeoning community of remote workers has grown rapidly, fueled by advances in technology and changing work ...
Axel Wellington, B.Sc. Economic Policy
Axel Wellington, B.Sc. Economic Policy
Chris Divay, B.Sc. Finance