Gross Domestic Product

Often referred to as simply “GDP,” Gross Domestic Product is the market value of all the goods and services produced by a country in a given year. It includes all the expenditures of citizens, investors and government, and the value of all exports less imports, in a year.


It started with the taxi driver. On the way to our hotel in Paris from Charles de Gaulle airport, he said, “Tourism never recovered after America blew up in 2008.” He was talking about the credit crisis and housing bust…

Don’t be fooled by what you hear from the mainstream media and the politicians. The U.S. economy continues to struggle. In fact, looking at the economic data closely, it suggests we are headed for an outright slowdown. U.S. Economy to…

Don’t buy into the false optimism. While the mainstream media and economists are convinced there’s prosperity, I am concerned the U.S. economy will enter a recession in late 2015 or early 2016. The simple fact is that consumer spending is…

The chart below shows us that between April and August of this year, home prices in the U.S. declined. The S&P Case-Shiller Home Price Index is only released 60 days after each month’s end, so while data for September and…

On November 30, Switzerland’s citizens will cast a very critical vote. Through a referendum, they will vote for or against the Swiss National Bank increasing its gold bullion reserves to 20%, the central bank halting the selling of gold, and…

In a sense, the stock market continues to be held hostage by the continuing sovereign debt crisis in the eurozone and the “fiscal cliff” in the U.S. But investor sentiment changed before recent worries regarding these two issues, and corporate…

China may be slowing, but the resource-hungry country is always on the hunt for resources to help fuel its industrial growth in the decades ahead. And if you believe the country and its objective to double its gross domestic product…

As we all know, the eurozone credit crisis has taken away any chance of economic growth in the global economy. Spain—the current epicenter of the credit crisis in the eurozone—has seen its credit rating downgraded to a credit rating of…

The majority of you have likely heard of the growing reference to “Chindia,” the regions of China and India. The explosive demand for goods and services here will be driven by a combined population of about 2.5 billion people, or…

The U.S. Congressional Budget Office (CBO) has issued another scathing report on the state of the mountainous U.S. national debt. The CBO says the national debt will double by 2026 and reach 200% of gross domestic product (GDP) by 2037…

The debt and growth problems in the eurozone continue to dominate the headlines. The eurozone countries are looking at the impact of Greece exiting the 17-country eurozone. Greece can’t even elect a coalition government to deal with the austerity measures.…

The U.S. durable goods report is an important gauge of economic growth. It focuses on big-ticket items that are purchased by businesses and consumers, which are meant to last at least three years; a sign of business and consumer confidence.…

As I’m sure you’ve heard… Tax increases and government spending cuts in the U.S. are set to take place on January 1, 2013. Originally, the purpose of the payroll tax cuts was to stimulate the U.S. economy; government spending programs…