If you are not a billionaire or a fund, the investment rules of yesteryear apply: gold won’t make you rich overnight and volatile assets like the bitcoin may come crashing down for reasons far beyond your grasp.
Tag: savings
Which is the greater number: $105 or $100 plus 3%? You might think this a trivial question, but about 60% of adults can’t answer it correctly — and many of them still use financial services. It’s an alarming situation. After all, smokers understand they’re taking a risk, if only because they’ve seen the health warning on cigarette packs; but bank clients, especially in poorer countries, are often clueless about money matters. Standard & Poor’s Global Financial Literacy Survey goes further than any of the previous research in examining the phenomenon throughout the world. It’s based on 150,000 interviews in more […]
In a gloomy new book, two French economists argue that the current state of global finance make conditions ripe not just for regional conflicts, but for a new world war.