What is the Brexit, Exactly?

What is the Brexit, Exactly?

The “Brexit” -a portmanteau of “Britain” and “exit”- is the discussion centering around the upcoming referendum, a vote on June 23rd wherein everyone of legal voting age can vote either “yes” or “no” on one single question: Should Britain leave the European Union? The...
A Primer on the Big Mac Index

A Primer on the Big Mac Index

The Big Mac index began in 1986 with The Economist. According to them, it was a “lighthearted guide” to whether currencies are at their “correct” level. It was a fun way to make explaining exchange rate theory more accessible and understandable. So why does The...
Britain on the Brink of Debt Crisis?

Britain on the Brink of Debt Crisis?

New figures from the Bank of England shows that British households are borrowing more than £1bn a month for financing. While the buying of new cars, holiday travel, and other spending is good for the local economy, can encourage growth, and may also stimulate the...
Will the Fed Raise Rates in March?

Will the Fed Raise Rates in March?

The difference between the seemingly healthy increase in the labor market and the poor health of many other economic barometers is posing some difficult questions for the Federal Reserve. Many officials have mentioned that the Fed needs to raise benchmark interest...