Gdp

Is the U.S a Banana Republic?

Michael Pento | Posted 01.30.2009 | Politics

Read More: United States, Banana Republic, George Bush, Kudlow, Manufacturing, Gdp, Trillion Dollar Deficit, Forbes, Barack Obama, Zero Percent Interest Rate, Hoover, Politics News
Michael Pento

The two hallmarks of a banana republic are very high rates of inflation coupled with substantial government controls over the economy, which lead to high rates of unemployment and poverty.

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Wise Men Say Recession is a Year Old

John Tepper Marlin | Posted 01.01.2009 | Business

Read More: Christina Romer, Nber, Economy, George W. Bush, Gdp, President-Elect Obama, Council of Economic Advisers, Barack Obama, Bea, Business News
John Tepper Marlin

The seven "Wise Men" announced today that the economy entered a recession back in December 2007. The "Wise Men" are seven economists on the NBER Business Cycle Dating Committee.

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Brazil To Measure Its Happiness Index

Times of India | Posted 12.31.2008 | World

Read More: Brazil Happiness, Bhutan, Gdp, Gnh, Brazil Progress, Bhutan Gross National Happiness, Gross National Happiness, Brazil, Brazil Standard of Living, World News

THIMPHU: Bhutan's Gross National Happiness (GNH) has found a new admirer in Brazil, which says it plans to adopt the unique development index as it wi...

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The US Economy Is Shrinking, But It Isn't Alone

Economix | Catherine Rampell | Posted 12.26.2008 | Business

Read More: Global Depression, Global Recession, Depression, Global Economy, Economy, Gdp, Recession, Business News

Today the revised gross domestic product report came out, and it showed that the United States economy shrank by 0.5 percent in the third quarter. How...

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Stock market doesn't flinch despite economic data

AP | JEANNINE AVERSA | Posted 12.26.2008 | Business

Read More: Financial Crisis, Personal Finance, Gdp, Finance, Economy, Business News

WASHINGTON — Bad news was no news to the battered American economy Tuesday. The government released a triple dose of discouraging data: The eco...

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Miserable October For Finance Finally At An End

New York Times | MICHAEL M. GRYNBAUM | Posted 12.01.2008 | Business

Read More: Financial Crisis, Personal Finance, Gdp, Finance, Economy, Business News

October is on track to go down in history as the worst month in the American stock market since 1987. On Friday, investors were poised to make sure th...

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Banks Start Promising Kashkari They Will Make Loans

Clusterstock | Henry Blodget | Posted 12.01.2008 | Business

Read More: Deleveraging the Economy, Bailout, Finance, Economy, Bailout Loans, Financial Crisis, Banks, Personal Finance, Bailout Plan, Gdp, Leverage, Business News

More importantly, the WSJ gets at the real problem here. In addition to running on fumes and fearing for their own futures, the banks aren't lending b...

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Seven Years of Plenty or The Bible Told Me So

Reese Schonfeld | Posted 11.30.2008 | Business

Read More: George Bush, Taxes, Bust, Religion, National Debt, The Bible, Boom, Surplus, Famine, Pharaoh, Gross National Deficit, Seven Years of Famine, Bush Administration, Pharaoh Dreams, Gdp, Seven Years of Plenty, Financial Crisis, Business News
Reese Schonfeld

Since we didn't raise taxes in 2001, our time of surplus, those of us who do not sink under the coming depression, will wither under the burden of the coming inflation.

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New GDP Numbers Strongest Signal Yet The Country Has "Hurtled Into Recession"

AP | JEANNINE AVERSA | Posted 11.30.2008 | Business

Read More: Gdp, Financial Crisis, Wall Street, Recession, Business News

WASHINGTON — Scared and out of money, Americans stopped buying everything from cars to corn flakes in the July-September quarter, ratcheting bac...

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In Global Recession, Health Care Reform Which Saves Money Is An Economic Imperative

John Geyman | Posted 11.23.2008 | Politics

Read More: Great Depression of the 1930s, Global Recession, M.D., Health, Market-Driven Inflation of Health Care Costs, Mccain Proposal, Medicare, Health Care Reform, Failures of Deregulated Markets, John Geyman, Nhi, Obama Healthcare, National Health Insurance, Federal Employees Health Benefit Plan, Obama Healthcare Plan, Gdp, Single-Payer National Health Insurance, FEHBP, Politics News
John Geyman

While the so-called "debate" over health care reform heats up, the only real option to reform health care -- single-payer national health insurance (NHI) -- is being largely overlooked.

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War Spending Weighs Down Our 'Genuine Progress'

Jon Raymond | Posted 11.10.2008 | Home

Read More: Iraq War, Recession Fears, Gpi, Gdp, Wall Street Crisis, War Profiteering, Recession, Economy, Bush Administration, Barack Obama, George W. Bush, Election 2008, Campaign 2008, John McCain, Home News
Jon Raymond

Without defense spending, we see the real picture of the downturn our economy is taking while boosting the military laden GDP.

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Porky the Bailout Bill

Michael Pento | Posted 11.07.2008 | Business

Read More: Government Bailout, Economy, Failing US Dollar, Department of Treasury, Gdp, National Debt, Interest on the Debt, CBO, Congressional Budget Office, The Fed, Business News
Michael Pento

Currently, about ten cents on every tax dollar goes to paying just the interest on the national debt. Interest on the debt alone will grow to 12.4% of our entire GDP by 2050.

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McCain's Social Security Plan Would Cut Benefits To People Who Already Paid For Them

Stephen Herrington | Posted 10.27.2008 | Home

Read More: Taxes, Baby Boomers, Gdp, Retirement, Aflcio, Social Security, Economy, Tax Cuts, Ssa, Alan Greenspan, McCain Social Security, Tax Hike, John McCain, Barack Obama, Home News
Stephen Herrington

The conventional wisdom is that higher taxes hurt the economy. There is no actual evidence of that. In fact if you plot tax rates against GDP, there is no observable correlation.

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Never Done and Under Paid

Elizabeth Gregory | Posted 10.01.2008 | Living

Read More: Women's Equality Day, Fmla, Family Friendly Policy, Birth Control, Gdp, Women's Work, Labor Day, Lilly Ledbetter, Infertility Insurance, Economy, Breaking News, Living News
Elizabeth Gregory

This year Labor Day and Women's Equality Day bookend the week: a timely conjunction, since tension over what properly constitutes women's work is the crux of much of our current public discourse.

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The Antidote to Our Pessimism: Change

Jared Bernstein | Posted 07.14.2008 | Politics

Read More: Economy, Gas Prices, Consumer Confidence, Gdp, Economic Stressors, Politics News
Jared Bernstein

For the first time in the 32 years over which they've been asking the question, Gallup reports that a majority of respondents believe they're losing ground.

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Healthy, Wealthy and Wise?

Andrew L. Yarrow | Posted 06.13.2008 | Business

Read More: Gdp, Cost of Higher Education, Supply, Higher Education, Gross Domestic Product, Health Care, Health Care System, Demand, Business News
Andrew L. Yarrow

How did two proud symbols of American greatness from the late 19th to the late 20th centuries become emblematic of deep social and economic problems and the nation's slide from global pre-eminence?

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Getting Real With GDP

Michael Pento | Posted 05.24.2008 | Business

Read More: Delta Global Advisors, Investments, Michael Pento, Gdp, Economics, Inflation, Gas Prices, Consumer Price Index, Business News
Michael Pento

The Consumer Price Index claimed that consumer's energy costs were unchanged while the actual price of crude oil rose 12.5% and gas prices rose 11% -- that's some adjustment!

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Economy Nearly Stalled in 4th Quarter

AP | JEANNINE AVERSA | Posted 04.04.2008 | Business

Read More: Recession, Commerce Department, U.S. Economy, Economic Health, Gdp, Gross Domestic Product, Economy, Business News

WASHINGTON — The economy nearly sputtered out at the end of the year and probably is faring even worse now amid continuing housing, credit and f...

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Morgan Stanley: Recession's Next Victim Is Commercial Construction

Seeking Alpha | Gary Smith | Posted 03.28.2008 | Business

Read More: U.S. Economy, Richard Berner, Morgan Stanley, Recession, Global Economic Forum, Gdp, Commerical Construction, Investments, Business News

Commercial construction is the recession's next victim, according to Richard Berner, writing in Morgan Stanley's latest Global Economic Forum. The sec...

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Stagflation Fears Return

Wall Street Journal | Greg Ip | Posted 03.28.2008 | Business

Read More: U.S. Economy, Economic Stimulus Package, Consumer Prices, Inflation, Recession Fears, Federal Reserve, Recession, Gdp, Stagflation, Rising Inflation, Business News

The U.S. faces an unwelcome combination of looming recession and persistent inflation that is reviving angst about stagflation, a condition not seen s...

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Recession Fears: Worry Like It's 1989

New York | Michael Idov | Posted 03.28.2008 | Business

Read More: U.S. Economy, Economic Downturn, Wall Street Write-Downs, Dow Jones Index, 1989 Recession, Black Swan Event, New Home Sales, Black Monday, Recession Fears, Economic Slowdown, Recession, Gdp, Business News

The news keeps coming, each item worse than the one before. New-home sales fall 26 percent nationwide; the U.S. economy loses 17,000 jobs in January; ...

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Recession-Proof Your Portfolio

Yahoo Finance | Annie Sorich | Posted 03.28.2008 | Business

Read More: Recession, Liquidate Investments, Gdp, Buy Don't Sell, Shrinking Economy, Gross Domestic Product, Recession Fears, Business News

There's lots of talk of a recession these days, making many investors nervous. What exactly is a recession? The technical definition is two quarters (...

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