Why Are Bond Yields Rising Everywhere? The “Most Important Market on Earth,” This week, financial records fell all over the planet — and most people never noticed, because they fell in a market that almost nobody watches. In Japan, the government’s 10-year borrowing rate crossed 3% for the first time since 1996. In the UK, … Read more
Youth Unemployment Hits 67 Million: Why Can’t Young People Find Jobs — and Is AI Making It Worse? Why can’t young people find jobs? The United Nations’ labour agency just published a report answering exactly that question — with a title that sounds like a movie and reads like a warning: “Global Employment Trends for … Read more
International Trade Explained: Why Countries Buy and Sell to Each Other International trade shapes almost everything in the modern world, from the phone in your pocket to the coffee in your cup to the clothes you are wearing right now. Nearly all of it involves goods that crossed borders, made from materials sourced across multiple … Read more
Dollar Dominance: Why the World Runs on US Dollars Dollar dominance is one of the most powerful and least understood facts about the modern world. The US dollar is not just America’s money — it is, in a very real sense, the world’s money. It is used to price oil, to settle international trade between … Read more
Why Fed Decisions Move the Whole World: The Ripple That Reaches Everyone Why Fed decisions move the whole world is one of the most important questions in global economics — and one of the most surprising. When a committee in Washington changes a single interest rate, the effects are felt by a farmer in Brazil, … Read more
What Is an Economy? What is an economy? It is a question most people never actually stop to answer, even though the word shows up in the news every single day. Economies grow, shrink, overheat, slow down, crash, and recover — but what exactly is the thing doing all of that? This is the first … Read more