Christine Lagarde of International Monetary Fund Touches on Potential of Crypto, FinTech and Blockchain

Christine Lagarde the Managing Director of the International Monetary Fund (IMF) said a few hours ago that the presence of technology giants using Big Data and AI could eventually disrupt the financial system. Virtual currencies and blockchain technology are helping new individuals have access to the financial market. Christine Lagarde Talked About Fintech Potential Financial technology has…

Women and the world economy

2014.06.24 In many countries, public debate about gender equality focuses mainly on women’s access to oppositions and high-powered career opportunities. But the “glass ceiling” is only a small part of the issue. The broader question is whether women have the same opportunities as men to participate in labor markets in the first place. In other…

Deluded currency cultists believe the dollar is invincible

2014.03.17 At the onset of the derivatives collapse in 2007/2008 it would have been easy to assume that most of America was receiving a valuable education in normalcy bias. In 2006, the amount of ego on display surrounding mortgage investment was so disturbingly grotesque anyone with any true understanding of the situation felt like projectile…

Ireland’s model crisis

2013.12.20 Ireland has now left the clutches of the bailout-for-austerity framework established by the Troika (the European Commission, the European Central Bank, and the International Monetary Fund) for indebted eurozone countries, and is leading the monetary union’s economic recovery. European policymakers, including Jean-Claude Trichet, the ECB’s former president, have suggested that Ireland’s dogged commitment to austerity…

The dollar and the debt ceiling

2013.10.19 The dollar is the world’s go-to currency. But for how much longer? Will the dollar’s status as the only true global currency be irreparably damaged by the battle in the US Congress over raising the federal government’s debt ceiling? Is the dollar’s “exorbitant privilege” as the world’s main reserve currency truly at risk? To…