On Friday, new inflation data revealed that it’s still getting more expensive for Americans to buy cars, with prices of new and used vehicles spiking 12.6% and 16.1%, respectively, in the past year. But it’s not just inflationary pressures weighing on consumers — it’s also the effect of rising interest […]
Problem
World Bank’s David Malpass: ‘Inequality problem is gigantic’
What Is Stagflation? The Problem Looms Over This This Current Market.
It’s time to talk about stagflation, that double-barreled problem of flagging growth and rising prices last seen in the U.S. in the 1970s. A trifecta of inflation numbers came in hotter than expected this past week, with consumer prices, producer prices, and import prices for July all rising at faster […]
An Indonesian Chef and the Remittance Industry’s $554B Problem
Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. When Chef Bagus closed the doors to his restaurant in the Balinese tourist resort of Kuta, the only thing left in the kitchen was the […]