Check out my article for the Harvard Economics Review about Trump's recent tax bill (the Tax Cuts and Jobs Act)! It's a simple overview about its most discussed aspects. http://harvardecon.org/?p=3489
According to my non-professional opinion and gut feeling, I think that, of the 3 ways TIME says the stock market could tank, the most likely would be a "Minsky" moment, as they've described. Parts of the economy that are not balanced or are not close to the moderation level, such as the amount of revolving… Continue reading 3 Ways the Stock Market Could Tank (with reference to an article by TIME magazine)
Multifactor ETFs and and how the tech-driven market affects stuff...barron's 7-10-17 paper http://www.barrons.com/articles/multifactor-etfs-too-much-of-a-good-thing-1499491795 Rival bids (Warren Buffett, Whole Foods/Amazon) Shkreli Illinois Financial Status Fiduciary Rule and whether it actually protects clients of financial advisers Climate change and investing Investing in infrastructure Clues to the next financial crisis Goldman Sachs invested in Venezuela “hunger bonds”
Here's the link to my article: http://www.thecrimson.com/column/supplying-economics-on-demand/article/2017/7/5/wang-out-of-reach/
Pennsylvania is probably the only state in the U.S. that practices split-rate property tax. It's practiced in Harrisburg, PA and twenty other cities in PA. Usually, property is assessed on two factors: the value of the land itself and the value of the improvements done on the land (such as buildings). These two factors are… Continue reading Random Tax Facts!
The Harvard Crimson changed around some of my phrasing, wording, and took out some of my arguments or made them vague and unclear. In some cases they don't make sense at all. So here I want to post the original version I submitted. On Nov. 8, 2016, India’s Prime Minister Narenda Modi made an… Continue reading Original Final Version of Harvard Crimson Op-Ed titled “How Much Cash Do You Have in your Wallet?”
My summer column ("Supplying Economics on Demand") writing comes out on alternate Wednesdays! My first article is about exploring the thought of moving towards a less cash (NOT cashless or cash-free) society in the wake of India's demonetization about 6-7 months ago in November of 2016. To clarify, less cash means still keeping cash of… Continue reading Check out my summer column (and first Op-Ed) in the Harvard Crimson!
Significant differences exist between India and U.S. One is that India was very cash-intensive before Modi’s announcement – 90 percent of people used predominantly or even exclusively cash and not many used bank accounts, which is essentially the opposite of the situation in the U.S. Another is that India is a developing economy while the… Continue reading Thoughts on India’s Demonetization and moving toward a less cash society: U.S.-India Differences To Keep in Mind.
According to Business Insider, it seems that as people become wary of the business cycle falling into recession again (it's been 10 years since the 2007-8 financial crisis and most people feel these cycles on average turn at approximately 10-year intervals?), our wariness has actually caused the economic cycle to extend and delay falling into a… Continue reading Extended business cycle since the 2007-8 financial crisis
We have gotten so used to physical cash that it is almost hard to imagine a world with less cash. But Kenneth Rogoff, former chief economist of the International Monetary Fund, encourages us to consider the notion. According to Rogoff and his book Curse of Cash, there exists an abundance of cash in the world,… Continue reading Cash: Pros and Cons