Wednesday, October 27

Month: October 2020

The Sucky Word “Performative”
All Posts, Sustainability

The Sucky Word “Performative”

Blackstone has recently made a commitment to cut emissions by 15% on investments within the first 3 years of its purchase. For those who are not familiar with Blackstone, it is an investment firm and is one of the largest owners of real estate anywhere on the planet. Blackstone plans to hold itself accountable, by closely charting its process going forward. While this is a big step for a big firm to take, it's certainly been a trend in the investment industry. Organizations such as UBS, Credit Suisse, and Morgan Stanley all have made their own large commitments to having their investment portfolios be environmentally friendly. At first glance, this initiative seems to be great. Blackstone and other investment companies are stepping up to the task of helping with progressive matters. En...
Robinhood Changing the Game for Young Traders
All Posts, Technology

Robinhood Changing the Game for Young Traders

Stock trading was never really a young person’s game; in fact, stock trading was never free, at least not until now. The rise of the smart-phone and the digitization of our lives has changed everything from the way we shop to the way we trade stocks. Ten years ago, it was rare to see 20 year olds trading, now you can ask almost any group of friends and at least one of them will say they know someone trading stocks. Stock trading has opened up to people of all socioeconomic backgrounds and ages for one sole reason: free mobile stock trading. Robinhood is the go-to app for most millennials and gen-Zers, such as myself, who would like to get their feet wet in stock trading. Founded in 2013, Robinhood was one of the first companies to make stock trading free. Meanwhile, other notable tradi...
The Great Moderation: Why Monetary Policy Matters
All Posts, Economy and Government

The Great Moderation: Why Monetary Policy Matters

During the 1970s, the United States suffered from double-digit inflation, rising unemployment, and bleak economic prospects.  Declining domestic industry and increasing global competition sowed the seeds of doubt in American minds and the OPEC oil embargo shook the economy to its core.  The crisis culminated in a period of stagflation, a stagnant economy ill with both high unemployment and inflation.  Monetary policy and the Federal Reserve had failed in both of their mandates: full employment and price stability.  The global monetary order created by the Bretton-Woods agreement collapsed and the US found itself forced to detach the dollar from the gold standard.  However, the world today is not racked by hyperinflation.  The Fed eventually managed to tame th...