THE MERIDIAN TIMES
The biggest question we ask ourselves is what will the online digital media and publishing look like 20 years from now. How will people consume their news? what will the expect from their media portal? or simply what would the look and feel of such a platform look like.
As we seek to find the answers, The Meridian Times intends to bring you the latest news and data on the economy and businesses. Our Decentralized Finance section covers news and data on the entire decentralize economy and all three of its indicators (leading, coincident, lagging) as the sector is still nascent. All editorial and creative works on our platform are provided to help you make informed decision and does not in any way constitute financial advice or our approval for any service, brand or product unless explicitly stated otherwise. Should you like to read our full disclaimer, you can read it here.
HOW TO USE THE MERIDIAN PLATFORM
In order to use The Meridian effectively there are a couple of terminology that you will need to understand. We have compiled them to make it easier to understand.
Economic indicators are data that provide a picture of trade and commerce usually on a macroeconomic(big picture) scale. There are three types of economic Indicators:
|Leading Indicator||Predictive data which describes trends or business condition.|
|Coincident Indicator||Actual metrics on different segments of the economy or the total health of the economy.|
|Lagging Indicator||Historical analysis of change to the state of the economy.|
An economic cycle takes place over an unknown period of time and consist of 4 stages:
The growth stage in an economy typically associated with high confidence in the economy leading to high consumer spending and an increase in demand for consumer goods and services. A typical indicator to this is an increasing GDP. The mainstream classification for this stage of a cycle is a bull market.
Once an economy has reached its maximum productive output, it is said to have reached the peak of its cycle.
The shrinking stage of the economic cycle is often associated with deflationary pressures like stagnant or reducing wages, lower employment or employment opportunities, and reduced profits for corporations and businesses. The mainstream classification for this stage of a cycle is a bear market.
A bottom or a minimum economic activity with the GDP hitting its lowest levels. Once an economy has bottomed out, it is typically poised to enter a new expansionary phase.
A period of 6 months or two consecutive quarters of declining GDP
A period of 18 months or six consecutive quarters of declining GDP.
Most economies are typically associated with a country or territorial border (e.g. EU) and is managed by its associated government structure. A decentralized economy however is loosely managed or in most cases, un-managed, and is not constricted by territorial borders.
Decentralized Finance or DeFi
Financing in the decentralized world takes place through mechanisms like smart contracts in order to facilitate the transaction or to serve as an escrow. In normal finance, transactions typically go through intermediary banks or primary banks (large commercial banks). In DeFi, there are no intermediaries as that role is know played by the blockchain effectively removing various hurdles or bureaucracy associated with standard financing deals. There are two types of DeFi structures: