A trend involving a paradox has recently emerged: “funflation” is rising, yet consumers are not cutting back on their spending. “Funflation” refers to the rising cost of entertainment and leisure, encompassing expenses related to hobbies ranging from outdoor activities to video games. It represents the increasing cost of recreational activities, a trend visible across a …
Tag: spending
Nine indicators that indicate a high probability of an economic crisis in the United States
The financialization of the economy in the last quarter of the 20th century created a global “bubble” that is now bursting, starting with the United States. The 2008/2009 financial crisis in the United States and then the debt crisis in the Eurozone, with Greece as the main protagonist, were apparently only the first episodes of …