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%.


Economic Collapse: Alan Greenspan Says Soaring Government Spending “Extremely Dangerous” to U.S. Economy

By Thursday, July 30, 2015

Economic-CollapseReckless government spending is hurting the U.S. economy and sending the nation towards an economic collapse. At least, that’s the warning from former Fed chairman Alan Greenspan.In an interview in a CNBC “Closing Bell” on Wednesday July 29th, Greenspan warned that rising entitlement costs and government expenditures have. Read More

Global Debt Levels are Leading to a Financial Crisis

By Tuesday, July 21, 2015

Financial CrisisAs the Greek debt crisis winds down, world markets are reverting to business as usual without acknowledging a fundamental truth: Greece was only the beginning. Many countries have used nothing but debt to fuel their growth, laying the groundwork for a mega-sized economic collapse.A key study by the International Monetary Fund (IMF). Read More

Economic Collapse: Peter Schiff Has a Dire Warning for America

By Tuesday, July 21, 2015

Peter SchiffIf you thought what’s happening in Greece could never happen here, think again. While government officials try to soothe investors’ fears with a lot of happy talk, new indicators suggest the United States could be on the verge of an economic collapse. At least, that’s the view of renowned investor Peter Schiff.“What’s happening. Read More

Housing Market: Affordability and Interest Rates Working Against Higher Prices

By Monday, July 20, 2015

Housing MarketThe National Association of Realtors’ Housing Affordability Index has dropped 12% in the first five months of 2015. (Source: National Association of Realtors, last accessed July 16, 2015.)In January, the qualifying income to get a mortgage for an existing median-priced home in the U.S. was $36,576. In May, buying a median-priced. Read More

Ron Paul: Real Inflation Rate is Over 6%

By Saturday, July 18, 2015

Former Texas Republican Congressman and three-time Republican presidential nominee Ron Paul discusses the latest inflation numbers in June, as well as the likelihood of a rate hike. (Source: Inflation On The Rise, last accessed July 16, 2015.)In June, the Purchasing Managers Index (PMI), a leading indicator of inflation, increased. Read More

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From: Michael Lombardi, MBA
Subject: Golden Opportunity for Stock Market Investors

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