Richest Get 20 Percent Richer

The world’s billionaires increased their wealth by 20% in 2017. Congratulations. The world’s GDP growth is more like 4%. It’s Continue reading →

Developing Currency Crises

Currencies are crashing. It’s happening in enough developing countries that economists and financiers are worrying about a problem what may Continue reading →

Recovered Or Not

Good news. If you’re in the top 10% of wealth in the US since 1971, your wealth has effectively tripled. Continue reading →

One Million Percent Inflation

While many economists and financiers worry about a quarter of a percentage point raise in inflation in most developed countries, Continue reading →

Recovery Disparaties

The US economy is recovering! From 2000 until 2015, 6.8 million jobs were created. That’s good news. The figures for Continue reading →

Wages Trap Renters

If it seems that renting isn’t as easy as it was, congratulate yourself on being perceptive. Since 2001, rents have Continue reading →

Where US Taxes Go

Governments operate because of taxes (and going into debt). Where that money goes isn’t as obvious. According to Yes! Magazine; Continue reading →

Wealth Inequality Escalates

Wealth inequality is reaching new levels. Instead of measuring when some segment of the population will hold half of the Continue reading →