Article Index
Gross Domestic Product

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…

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…

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…

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…

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 October are not yet available, based on what…

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 the storing of gold bullion in the country.…

Consumer spending, which is so desperately needed, only increases when consumers are happy—when they are confident about their jobs, savings, investments, and overall wealth. Right now in the U.S. economy, none of that is present. For consumer spending to increase, you need consumer confidence in the U.S. economy…

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 earnings growth is slowing. I think we’ll be…

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 (GDP) by 2020 (read “China’s Golden Years Still…

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 BBB- from BBB+ by the Standard and Poor’s…

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 about 37% of the world’s population. Yet it…

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 unless firm action is taken to stem America’s…

The daily ebb and flow of the stock market really illustrates the degree to which investors buy and sell based on their emotions. Europe says there’s an idea to work more closely on the sovereign debt crisis; the stock market goes up. Europe doesn’t really execute on said…

Just when the U.S. economy and the housing market are turning up, Europe’s sovereign debt bomb critically injures global capital markets. That’s my biggest fear going forward and it’s a very real possibility. The U.S. stock market would be quite a bit higher if there was more certainty…

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. Now there’s news that the eurozone is continuing…

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. In April 2012, the headline new U.S. durable…

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 (like extending unemployment benefits) were also aimed at…