Bitcoin, Explained in 5 Minutes

At some point, the world will become one financial infrastructure. In 2008, the U.S. economy collapsed and the rest of the world saw the same downward shift. Our economies are already linked and the economy is global. Bitcoin could very well be that solution for a single financial infrastructure. It is currently still in an experimental stage — year eleven of a global experiment but … Continue reading Bitcoin, Explained in 5 Minutes

The Real Life Costs of the US-China Trade War

Tariffs are taxes on imported goods and President Trump imposed them with the goal of protecting the jobs of blue-collar American workers. But studies show they had the opposite effect — hurting people in rural areas by pushing them to buy more expensive US goods: Tariffs are added tax on imported goods. The idea is that consumers will start to see rising prices on these … Continue reading The Real Life Costs of the US-China Trade War

2020 Economic Outlook

Update: Read the 2021 Economic Outlook here. A quick synopsis of the 2020 global economic outlook — outlining snapshots on key countries, major central bank decisions, key political developments, and the top major risks for the US. The global outlook for 2020 is fragile, with increasing signs that the cyclical downturn of recent years has become entrenched. Trade is weak, confidence is low and businesses … Continue reading 2020 Economic Outlook