Wall Street can keep concentrating on the S&P 500, Federal Reserve Chair Janet Yellen and the Greek exit drama said Alexa Clay, co-author of ‘The Misfit Economy’. She is finding more relevant information about the future of the global economy watching hackers, Somali pirates and camel milk producers. ‘The Misfit is really the black market and informal economies of the world,’ said Clay. ‘Besides the main stream economy around the world, the informal economy in certain countries is more than 70% of the total economy. And it can equate to $10 trillion, so these are huge economies that are completely understudied.’ Clay is the cofounder of the League of Intrapreneurs, which seeks to create change from within large companies. She is also the founder of Wisdom Hackers, an incubator for philosophical inquiry. Clay previously served as a director at Ashoka, a global nonprofit that invests in social entrepreneurs. Clay offers five key principles for ‘unleashing your inner misfit’: Hustle, Copy, Hack, Provoke and Pivot. And while Americans currently fear the power of hackers to still their identities, Clay said she does not condone or endorse this behavior. Instead, she said the principle of ‘hack’ is also about taking on the establishment to change it for the better.
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