Making Money Minute - July 15, 2026
from Making Money Minute with Ron Hiebert Hosted by Ron Hiebert
Making Money Minute with Ron Hiebert - The Underground Economy One of the reasons it is so hard to make economic predictions, is because there is so much information that analysts don’t have much data on, despite their show of confidence. One of those factors is the black market or underground economy. That is a part of the financial plumbing, where trade and employment are neither reported nor taxed. And globally those numbers are huge. In developed nations, 17% of all economic activity is underground. In developing nations, that figure rises to a 1/3. When you have such a huge chunk of global financial activity going unreported, economic predictions are hard to get right. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
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