U.S. Economy

The U.S. is the world’s largest national economy. In 2013, the U.S. reported gross domestic product (GDP) of $16.8 trillion, or 22.4% of global GDP. China was a distant second at $9.2 trillion. Japan’s economy was the third largest in 2013 at $4.9 trillion, with Germany ($3.6 trillion) and France ($2.7 trillion) rounding out the top five.

The U.S. is also the second largest economy by region. In 2013, U.S GDP of $16.80 trillion was just slightly behind the entire European Union at $17.35 trillion.

As the world’s biggest national economy the U.S. is also its economic engine. That’s because the U.S. is the largest consumer market in the world. In 2013, consumer spending accounted for 71% of the U.S. economy.

As goes the U.S., so goes the global economy. Since the stock market crashed in 2008, U.S. economic growth has been weak. In 2008, the U.S. reported negative GDP of -0.03%; in 2009, it slipped further to -2.8%. Since then, the U.S. economy has experienced uneven growth. Most recently, in 2013, the U.S. reported GDP growth of 1.9%.

Going forward, the International Monetary Fund (IMF) has cut its outlook for global economic growth, saying there are limits to the United States’ ability to shoulder the world’s economy on its own. Before the financial crisis, the U.S. routinely advanced at around 3.0% annually. For 2014, the IMF expects GDP to grow 2.2% and in 2015 it expects the U.S. economy to advance 3.1%.


Stock Market Crash: Americans Haven’t Been This Worried Since 2009

By Thursday, August 27, 2015
Economic CollapseChina’s stock market crash has left the global financial system teetering on the verge of a meltdown, and it has the folks on Main Street worried. According to Google Trends, Americans are searching more for “economic collapse” now than at any point since the last crash. U.S. search traffic for the term hit a record high in August,.

Ron Paul: Federal Reserve is “99%” Responsible for Stock Market Crash

By Thursday, August 27, 2015
Ron-PaulImage by Gage Skidmore
Congress and the Federal Reserve have created a massive stock market bubble that risks plunging the world into a complete economic collapse in 2016. At least, that’s the opinion of former Congressman Ron Paul. “Socialism fails always because you have wage and price controls,” the three-time presidential
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Shocking: Copper Prices Show Markets of the Verge of Global Economic Collapse

By Monday, August 24, 2015
Low Copper Prices Indicator of Economic CollapseCopper continues to slide losses extending for seven straight weeks, suggesting sentiment towards the red metal is nothing but pessimistic. Analyst at Bloomberg Research, Kenneth Hoffman, explained the situation to Mining.com when he returned from a tour of China to find out the true state of copper demand in the country. (Source:.

U.S. Economic Collapse: Growth in Share Buybacks Killing Job Numbers

By Friday, August 21, 2015
America Economic CollapseExecutives are spending billions buying back their own stock, but their efforts are slowing, destroying the American economy. A new report from Aranca Investment Research concludes that almost $2.3 trillion has been spent on buybacks since 2009, as corporate cash reserves have grown and borrowing costs have declined. More incredibly,.

U.S. Economy: Why Recession’s Knocking

By Friday, August 21, 2015
RecessionWhat used to be a leading indicator, the stock market has now become a lagging indicator. For months (in these pages), I have written about how sick the U.S. economy has become. Stock market investors are waking up to the reality that world economic growth is either non-existent or even contracting—albeit too late. The Dow Jones Industrial.

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