Flourish Kanu
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HOW COMPANIES PROFIT OFF INFLATION
These days we're all experiencing the effects of inflation, with soaring prices of food, consumer products, oil with other necessary commodities and ever increasing costs. Each day it just seems like the prices will just keep going up. Today, inflation is record high and it has taken a huge toll on our personal savings, investments and even our personal spending habits as many households are forced to cut spending and people are now incentivized to invest more money rather than just saving or spending it. With this, people have started to adjust to the new reality of high inflation and high prices with some financial experts saying that the inflation rate will only start to reduce and eventually normalize by next year. Even with this reality, many people like you are still questioning the reason why all of this is happening. The skyrocketing prices and high costs that are draining people's pockets or the record inflation that have rendered many people's years of savings and investments almost worthless, surely there is a reasonable explanation to all of this and yes there is.
By Flourish Kanu3 years ago in Trader
THE FUTURE OF FINANCE
Decentralized finance or DeFi is a popular term that has been used by financial advisers and crypto enthusiasts about a new technology that completely will take over the global financial system we use today. This is an emerging technology and as the name implies, it's main goal is to totally eliminate the intermediaries and middlemen such as banks and other financial institutions allowing people to make financial transactions through peer to peer financial networks, hence the name 'decentralized' as all the financial records are stored in a database that is accessible to anyone, similar to the blockchain.
By Flourish Kanu3 years ago in Futurism
