TalksForTeens Fast Facts And Trivia Directory
Browse our short fast facts that are apolitical, free of bias and to-the-point, covering a wide range of non-curricular topics of what is new, relevant and exciting in the 2020s.
- Global assets under management are about $111.2 trillion (yes trillion) today and are expected to reach about $145.4 trillion in 2025.
- $4.5 trillion is allocated to hedge funds, most of them based in the US.
- There are about 26,896 registered hedge funds globally.
- 1,467 hedge funds are managing assets of $1 billion or more.
- Hedge funds – unlike mutual funds – can short sell the market via the use of derivatives.
- Hedge funds are only accessible to high-net-worth individuals with a good understanding of risks associated with investing and particularly ‘shorting’.
- Hedge funds charge high fees, in the form of a pay-out threshold. On average the first 16/17% of the trading gains go to the hedge fund manager.
- The short selling by hedge funds does hurt regular investors who are ‘long’ a stock as they don’t have equal fighting power.
- The first time a hedge fund ‘lost’ against normal, small, investors, was in the big GameStop short squeeze.
Fast Facts Inflation and Interest Rates May 2022
- Inflation means that £1 pound today will be worth less next year by the rate of inflation. Inflation must be countered by interest rates.
- Interest rates are set by the Central Bank, whose job it is to control inflation and the quantity of money in the economy.
- UK inflation in 1975 was 24.24%. UK average inflation for 2021 is 5.4%.
- UK inflation over the last 100 years has been 4.08% on an average (source ONS).
- UK interest rates are 1%. US interest rates are 1%. Euro interest rates are still -0.50%.
- UK inflation is 7%, US inflation is 7.9%. The Eurozone inflation is 7.5%
- The current loss of purchasing power therefore is:
- UK minus 6% (+1%-7%)
- US minus 6.9% (+1%-7.9%)
- Europe minus 8% (-0.50%-7.50%)
- There are now fears of stagflation, which means there is high inflation and not enough economic growth to match it.
- Nike dropped its first digital sneaker in collaboration with Rtfkt, the digital design studio. Rtfkt is launching 8 sneakers, that can be customised.
- Adidas launched its ‘Into the Metaverse NFTs’ with Web 3.0 influencer Gmoney and The Bored Yacht Ape Club (BAYC).
- Louis Vuitton has its own stand-alone game app. Its latest addition has added a new quest and features a heroine named Vivienne; players can win a total of 10 NFTs. There are already 2 million players and an active exchanging of skins.
- The first Metaverse Fashion Week was held in Decentraland in March 2022.
- Off-White now accepts cryptos. In the London, Milan and Paris stores you can use Bitcoin, Ether, Ripple, Binance coin and Tether.
Top tips from teens on revision and coping with exam stress
- Make good notes.
- Make a realistic schedule and stick to it.
- Drink tons of water.
- Lay-off burgers, they slow you down!
- Take scheduled breaks.
- Get fresh air.
- Study with others if you can. It motivates.
- Sleep 8 hours a night.
- Put your phone away. Too distracting!
- Have a dedicated study space (not your bed).
- Don’t talk to your peers just before an exam. Get into the ‘zone’.
Fast Facts Tech & Trends - NFTs
- An NFT is a Non-Fungible Token.
- An NFT can be any virtual (digital) asset and is just a way of describing an item you buy and store on web 3.0.
- An NFT uses Blockchain technology, which is sort of the equivalent of an e-commerce platform in web 2.0 (what we still use now) and the place where we buy and store our digital assets.
- An NFT can only be bought with crypto currencies.
- “Gas’ is the name for the fees you pay when buying an NFT.
Fast Facts: Big Mac Index
- The Big Mac index measures the purchasing power of money
- ‘Burgernomics’ was the brainchild of the Economist magazine
- A Big Mac in Switzerland will cost you more than $6, yet in Malaysia you’d be paying $2.5
- 120 countries in the world have McDonald’s restaurants
- Cost of a Big Mac is determined by the price of the ingredients, but also by tariffs, taxes, fixed costs, competition from similar products.
- In the US the price of the double-decker burger has risen by 40% over the last 10 years.
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