In the third quarter of 2014, the Japanese economy, the third biggest in the world, fell back into a recession. The country’s gross domestic product (GDP), quarter-over-quarter, declined 0.4% in the third quarter after it declined 1.9% in the second quarter of 2014. The annual GDP growth rate for the Japanese economy now stands at … Read More
By no surprise to me whatsoever, the government’s third and final estimate of first-quarter U.S. gross domestic product (GDP) came in at a negative annual pace of 2.9%. (Source: U.S. Bureau of Economic Analysis, June 25, 2014.) The U.S. economy’s growth rate in the first quarter of this year was the worst since 2009.
I’ve been w… Read More
Don’t buy into the notion that there’s economic growth in America!
We’ve already seen U.S. gross domestic product (GDP) “unexpectedly” decline in the first quarter of 2014, and now there are signs of another contraction in the current quarter. (The technical definition of a recession is two negative quarters of GDP—w… Read More
An economy is said to be technically in a recession when it experiences two consecutive quarters of negative gross domestic product (GDP) growth.
The biggest portion of the U.S. GDP calculation is consumer spending; then comes investments, government spending, and, finally, net of exports. By far, consumer spending is the bigges… Read More
A country experiences an economic slowdown when its industrial production lags, its jobs market shows a dismal performance, corporate profits deteriorate, and the general standard of living declines.
Sad to say, this is exactly what the U.S. economy is experiencing right now.
Industrial production in the U.S. economy is anemic. … Read More
The pharmaceutical industry isn’t particularly a favorite of individuals, but many of the large players within it make for excellent retirement holdings. With high yields and good visibility, a large pharmaceutical company is a welcome addition in equity market portfolios.
Pfizer Inc. (PFE) represents the typical performan… Read More
This is a big week for capital markets, with the Federal Reserve meeting and July’s unemployment numbers to be released on Friday.
One thing that’s been clear with the stock market is that it has been staying lofty, mostly due to the expectation that the Fed will continue quantitative easing. But under this continued monetary sti… Read More
One fact has become quite clear: if we want to see robust growth in our gross domestic product (GDP), then there needs to be a significant change in consumer spending.
But current consumer spending in the U.S. economy is looking bleak, and it makes me skeptical about the GDP growth ahead. We’ve already seen GDP in the first quarter rev… Read More
While the mainstream economists were quick to believe that the U.S. economy is growing as the key stock indices suggest, I stood by my opinion that it isn’t.
After the first estimates of gross domestic product (GDP) for the U.S. economy came out, a wave of optimism struck and stock markets rallied. It seemed as if everything was heade… Read More
While the mainstream focuses on the smallest nation in the eurozone, Cyprus, I am concerned about the overall health of the global economy. The reality is that progress in the global economy is slowing down with major economic hubs struggling.
Dear reader, Cyprus will eventually get a bailout. We have already seen countries like Spa… Read More