Market Thoughts Archive

Who was the richest man in history?

Who was the richest man in history?

Posted on May 29, 2019
John D. Rockefeller is considered to be the first billionaire in history. Not only that, according to a new study, he might have been the richest man ever. If we adjust his wealth to today’s GDP, we can see that he had three times more money than Jeff Bezos. It’s an unusual method to calculate wealth but shows us some very interesting things.

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Social media makes millennials broke

Social media makes millennials broke

Posted on May 23, 2019
We all know people who are always on their phones and sharing every fancy moment they can. Is it annoying? Maybe, but they might be the victim and the cause of one very interesting thing: irrational overspending due to social media. Studies started to focus on the connection between financial decisions and these mediums, and found out scary things.

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Billionaire battle: New York and San Francisco wins

Billionaire battle: New York and San Francisco wins

Posted on May 15, 2019
Two American cities win the global race of billionaires. New York has more billionaires than any other cities in the world, while San Francisco is the most dense in billionaires. The US remained strong in another metric, too, but there were some other winners in 2018.

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Western world is ageing fast

Western world is ageing fast

Posted on May 08, 2019
The World, especially Western countries are ageing really fast. According to the United Nations, median age will soon be close to or over 45 in several developed and developing countries. This may cause serious problems in retirement and pension, so it’s good to think in advance.

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The US GDP growth surprised everyone

The US GDP growth surprised everyone

Posted on May 01, 2019
The US economy’s growth was surprisingly strong: GDP saw a 3.2% boost this quarter. Why is that so surprising? Most analysts only expected to see a 2.3% growth. Although this is good news, the growth is based on some volatile factors. Still, besides the American stock markets, gross domestic product made a comeback too.

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