Global Economy

A structural split between surging corporate profits and stagnant real wages — first mapped in the U.S. — is now a defining feature of advanced economies worldwide. Bank of America's analysis warns that the widening K-shaped recovery poses systemic risks not just to American equity valuations, but to the consumer-driven growth models underpinning markets from Frankfurt to Tokyo. The divergence is forcing investors globally to rethink how broad-based any economic recovery truly is.

In economies from Argentina to Nigeria to Vietnam, where local currencies erode faster than wages can adjust, Tether's USDT stablecoin is quietly becoming the de facto dollar for millions who have never held a bank account. With $20 billion in recent redemptions processed without breaking its peg, Tether is making a credibility argument that goes beyond crypto — it is positioning itself as monetary infrastructure for the Global South. The company's pivot toward law enforcement cooperation and Tr