THE STOCK MARKET SOAP BUBBLE

CDOs (collateralized debt obligations) were financial derivatives which caused 2008 banking crisis. CDOs were only a small fraction of a global financial derivative  bubble.This graph shows that before 2008 crisis, derivative bubble reached almost $700 trillion (for comparison world GDP in 2008 was $63 trillion). Monetary easing (QE) is forced monetary policy that followed as a consequence of the… Nastavite čitati THE STOCK MARKET SOAP BUBBLE

MYTH ABOUT WAGE GROWTH

We could all agree that in most developed countries the modern era with its scientific discoveries, technological progress and productivity growth has provided significant growth in living standards and real wages of the broad population. Unfortunately, statistics prove stagnation in the United States. The average salary of CEO of the 350 largest corporations in the US amounts to USD 16.3 million… Nastavite čitati MYTH ABOUT WAGE GROWTH