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.
Gross Domestic Product was last modified: June 5th, 2012 by admin
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 we went through in 2008 and 2009 in America, along with the ripple effects that made their way to Europe.The taxi driver.
What to Know About Greece’s Potential Eurozone Exit (or “Grexit”)
Is anything more gripping right now than wondering how close Germany will let Greece get to the precipice before a crisis is averted at the last second?
Greece’s six-year recession came to a quiet end at the start of 2014. Since then, its recovery has been anemic..
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 Be Fine Without Consumer Spending?
Consumer spending makes up two-thirds of U.S. gross domestic product.
The possibility of capital controls coming to the U.S. is not as much of a stretch as you may think. Consider the precedents and don’t be caught off guard.
Capital controls are any measure taken by a government authority that limits the flow of foreign capital into and out of the domestic economy. In its ugliest forms, capital controls.
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 biggest factor driving the U.S. economy, and it is presently experiencing its own recession..
Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.
Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.