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From Dot-com to U.S. Housing to Chinese Real Estate, there have been about nine notable global asset bubbles since the Great Depression. The most recent was the Special Purpose Acquisition Company (SPAC) bubble, which resulted from hyper-speculation. SPACs are shell companies created to take private companies public. Nikola Corporation, DraftKings, and Trump Media are notable […]
FedNow: Transforming the Future of Money Transfers in the US To modernize money transfers and foster a more efficient and secure payment ecosystem, the Federal Reserve has launched “FedNow,” an instant payment platform. This groundbreaking initiative aims to facilitate faster cash flow for businesses and individuals, enabling seamless transactions in seconds. However, while FedNow promises […]
BRICS and non-BRICS nations are lining up to escape the dollar hegemony. The BRICS (Brazil, Russia, India, China, and South Africa) are among the world’s largest economies. They have been exploring the possibility of launching a new currency to challenge the dominance of the US dollar in international trade. The BRICS ran a trade surplus, […]
The United States has long been considered the land of opportunity, where hard work is supposed to lead to financial success. However, in recent decades, the wages of American workers have stagnated, even as productivity has continued to increase. This phenomenon, known as wage stagnation, is a severe issue that affects millions of people in […]
In recent years, there has been an unprecedented expansion of the global middle class. According to the World Bank, between 1990 and 2015, the percentage of people living in extreme poverty fell from 36% to 10%, and the global middle class grew from 1.8 billion to 3.2 billion. This expansion has been driven by economic […]
Trump’s trade war with China starts causing some economic pains. We all know the adage, “no pain, no gain.” Senator Lindsey Graham recommended that Americans start living by that adage, at least during Trump’s presidency. Should you take Mr....
By MacKenzy Pierre
Macron leads G7 Summit. The leaders from the world’s largest economies, Canada, Germany, Japan, Italy, France, the U.K., and the United States, are gathering right now in Biarritz, France. Amazon fires, inequality, and the U.S. and China trade war are...
By Article Posted by Staff Contributor
David Koch’s death will not stop his political agenda; his wealth will allow them to flourish decades after his death. The policies he supported politically hurt the middle-class, but he was a great philanthropist. David Koch was a complex man....
By MacKenzy Pierre
Calculating credit card interest and how much it will cost you each time you swipe that credit card is quite simple. Last week, I received a credit card offer in the mail from Wells Fargo. The proposal said that the...
By Article Posted by Staff Contributor
If you’ve ever shopped for a home or looked into mortgage options, you might have come across something called an “interest-only mortgage.” At first glance, it...
By Article Posted by Staff Contributor
Credit cards can be handy tools for managing finances, earning rewards, and building credit. However, not all credit cards are created equal, and one of the...
By MacKenzy Pierre
Closing Credit Cards: Smart Strategy or Risk to Your Credit Profile? A Comprehensive Guide to Managing Revolving Credit You’re not alone if you’ve considered closing a...
By MacKenzy Pierre
Making smart financial decisions can feel overwhelming, but avoiding these common mistakes is a significant first step. Though often made unintentionally, these missteps can impact your...
By Article Posted by Staff Contributor
You’re not alone if you’ve noticed your savings dwindling or are finding it more challenging to set aside money. The U.S. personal savings rate has plummeted...
By MacKenzy Pierre
Seeing a sudden, significant drop in your credit score can feel like a punch in the gut. A sharp decline can be alarming whether you monitor...
By MacKenzy Pierre
Americans owe a staggering $1.14 trillion in credit card debt, a record-breaking figure that shows no sign of slowing down. Credit card balances surged by $27...
By MacKenzy Pierre
When you think of luxury homes, images of sprawling estates, breathtaking views, and the finest amenities come to mind. But for those seeking the pinnacle of...
By Article Posted by Staff Contributor
Budgeting can feel overwhelming, especially if you’ve tried before and failed. Maybe the idea of tracking every penny makes your head spin, or perhaps you’ve started...
By Article Posted by Staff Contributor
Scams Are Getting Harder to Spot: The Best Defense is Knowing the Top Scams Happening Now Scammers are no longer just a nuisance—they’re a real and...
By Article Posted by Staff Contributor
If you’ve ever shopped for a home or looked into mortgage options, you might have...
Credit cards can be handy tools for managing finances, earning rewards, and building credit. However,...
Closing Credit Cards: Smart Strategy or Risk to Your Credit Profile? A Comprehensive Guide to...