FinTech Today

With so much going on in the world, everyone is looking for a safer yet fruitful option to park their money. Never in recent history, have we seen an economic cycle skipping recession for this long. As we all know, the typical economic cycle consists of a recession every 7 years and GFC being the last recession, it's been more than 13 years since we have seen a recession. The market is filled with talks about an upcoming recession and it's not recent, investors are preparing for a recession since 2016. Warren Buffet very well said 'Buy when there is blood on the street', has been accumulating cash but has not been able to find the right time since 2016 which is leading Berkshire Hathaway with huge cash reserves.  These past 2 years have changed the economic circumstances drastically. We have seen so many unprecedented activities such as the oil crisis, land conflicts, Economies moving away from Globalisation, the Russia-Ukraine war and how can we forget Covid-19! In add...

Read Time: 5 mins Now we have all seen the turmoil which the coronavirus has created for all of us. We have been seated all the while, seeing our economy shrinking, countries such as Germany and South Korea entering a state of recession because of COVID dragging down their exports, the death rates escalating, the desperation to get nominal healthcare facilities, and much more!  Talking about the stock markets, Dow Jones IA, FTSE 100, NIFTY all plunged by 40%,35%, and 38% respectively . Now we know that the race for the vaccine is ongoing and when will these unprecedented time end, we have no clue. Will we see a second wave? Will the vaccine work as the virus is a mutant? We have no idea but what we know is that the economy is recovering! So let's have a look at how economies usually recover! This is not the first time the economy has shrunken by this much, we have seen worst in the past and have recovered from it and so we will from this pandemic. During the Great Depression1929, w...

Read Time: 4 mins We all are well aware that the coronavirus pandemic has led us to state wherein we are worried about our health, food, essentials, money, and even our jobs. In this time wherein we need each other's support, we also need to understand the numbers clearly rather than just insinuating. Also, we need to understand the chances of a recession alongside the size of the recession. Spoiler Alert : Chances of recession within 12 months as per Bloomberg Economies = 100%. Source: Bloomberg Business Week I guess, now you'll be heeding to this blog even more carefully. So first let's see how big the Pandemic can be and as we have already seen how the GFC (shorted for Global Finacial Crisis) of 2008, how this one compares to that. First, to understand what happened during GFC, I would like you to read this blog . Now since we know what happened in the period 2007 to 2009 during the GFC. Let's focus on the coronavirus pandemic. As of now, what we kno...

Read Time: 4 mins Amid the pandemic of the coronavirus, we are all aware the economy is falling across all regions of the world and the world is currently under chaos and the economic downfall can be well explained by the healthcare issues we are facing. But the question remains, are we going to see a recession? A quick spoiler - this blog doesn't have a definite answer to that but it'll help you understand the probability of it happening over the next few weeks. First of all, let's understand how and when do we officially term that a recession has come and who defines that? A recession is a significant decline in general economic activity of a region. This macroeconomic term is typically recognized as two consecutive quarters of economic decline, this decline is reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. The National Bureau of Economic Research (NBER) is the one that officially declares recessions. However, the NBER def...