Exploring the Profitability of the FIFA World Cup: A Look at the Economic Impact of Soccer’s Biggest Event
The FIFA World Cup is the biggest event in international soccer, and it is also one of the most lucrative events in sports. The tournament generates billions of dollars in revenue, and it has a significant impact on the economies of the countries that host it. In this article, we will explore the economics of the World Cup and examine how it generates profit.
Read MoreThe Growing Wealth Inequality in America: Why the Increase in Average Net Worth is Cause for Concern
It is no secret that the average net worth of Americans has been on the rise in recent years. In fact, according to a recent study, the average net worth of Americans in 2022 has reached an all-time high. This is great news for those who have been able to accumulate wealth, but for many others, it is a stark reminder of the growing wealth inequality in our country.
Read MoreInflation predictions for ending 2022 and into 2023
Inflation in 2022 has been relatively low, with the Consumer Price Index (CPI) rising by an average of 1.8% according to data from the Bureau of Labor Statistics. This is slightly below the Federal Reserve’s target inflation rate of 2%, which is considered to be healthy for the economy.
Read MoreI am Inflation, Destroyer of Worlds: Poor and Middle Class Get Smashed by Inflation.
Inflation, inflation, and inflation. People tend to think that inflation merely means higher prices. Yet the type of inflation we are dealing with is extremely problematic. Inflation is running at a multi-decade high clip at 6.2% annualized and it may be even worse since the way we measure inflation is an imperfect science. Inflation punishes the poor, middle class, and savers. You wonder why the stock market, crypto, and real estate are all at record high levels? People with assets are chasing yield and younger Americans are disenfranchised and want to swing their YOLO bets on Crypto since many believe this is the only way to become financially independent. All of this reeks of an unsustainable period in economics but we are in a perpetual bubble world. Our national debt is inching closer to $29 trillion which seems comical and the Fed balance sheet is at record levels. So the notion that they will willingly let rates go up does not seem like an option. So Jane saver who has her money at Bank of America is earning close to 0% in her savings account which is actually losing purchasing power each year. Inflation is a destroyer of worlds and here are the winners and losers.
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