[Post 203] Student who turned $100,000 into a $6.7m education business | The Straits Times

Summary

In 2019, Evan Heng plonked his entire savings of $100,000 - earned mostly through giving tuition - and grew it into a $6.7 million education business. 

[Post 202] How the rich get richer – money in the world economy | DW Documentary

Summary

Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens? 

For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.

The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. Professor Max Otte says: "This flood of money has caused a dangerous redistribution. Those who have, get more." But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film 'The Money Deluge' casts a new and surprising light on our money in these times of zero interest rates.

[Post 201] The first modern financial crisis in the globalized world | DW Documentary

Summary

When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930s. For the first time since World War II, the global economy faced the very real threat of a complete collapse. Disturbingly, the sudden crisis came as a complete surprise.

In the late 1990s, the world economy seemed to be on a steady path of growth. This trajectory was driven primarily by the emerging economies of Southeast Asia, the global region with the strongest economic growth. Then, within a very short time, millions of people suddenly lost their livelihoods. Hunger, mass unemployment and uprisings returned to these previously prosperous countries. What was particularly disturbing to crisis managers at the time was that they had not anticipated the crisis, and were not prepared for it. Their hasty attempts to correct the problem did not bear fruit for a long time - in fact, in the short-term, these measures worsened the situation. How could this happen? 

Ten years later, in 2008 and 2009, the global economy was once again on the brink of a complete collapse. What became known as the Global Financial Crisis demonstrated how much our world depends on the financial market. In this documentary, world-renowned experts question whether the toxic threat of collapse might perhaps be an inherent part of our economic system. To date, there is no satisfactory answer to this question. One conclusion that can be drawn: we are still living on an economic powder keg, today.

[Post 200] What's driving up the prices of HDB resale flats? | Talking Point

Summary

More HDB resale flats are crossing the million-dollar mark. What's driving up prices and are the flats worth the staggering price tag? Talking Point investigates.

[Post 199] Crocs: How the Polarizing Footwear Brand Became a Fashion Statement | The Economics Of | WSJ

Summary

WSJ breaks down Crocs’s business strategy and explains how -- nearly two decades after the colorful clog first became a global fad -- the company found its footing as the world’s most loved and hated shoe. Illustration: Adele Morgan

[Post 198] Beyond Meat: How the Plant-Based Pioneer Became a Stock Market Loser | What Went Wrong

Summary

Once a stock market darling, Beyond Meat’s sales have started to decline in the last year. The company had pursued growth, but struggled to execute its vision, leading to a series of production missteps and mounting expenses. WSJ explains what went wrong.

[Post 197] Living In An Airplane In The Woods For $370 A Month | Unlocked

Summary

Bruce Campbell, 73, lives in a Boeing 727 200-passenger jetliner that is 1,066 square feet and weighs around 70,000 pounds. He bought the plane for $100,000 in 1999 and spends $370/month on property taxes and electricity.

Unlocked is a new home tour series focused on how much people across the U.S. spend on their housing, what they get for the money and what they had to sacrifice to make it happen.