The personal savings rate in the USA started to increase since last year when the economy crumbled. Traditionally Americans save less than people in other countries. Europeans, Asians and others are high savers. But in the past how much did Americans save each year? Has the savings rate been always too low? In order to …
The Banker Magazine has released a preview of its “The Banker Top 1000 World Banks” list. The banks in the list are ranked based on their Tier 1 capital ratio. According to the magazine, “Tier 1 capital is the most relevant measurement of bank strength”. The Top Five Strongest Banks for 2009 are: [TABLE=161] The …
Source: Finance and Development, IMFÂ
In recent weeks there have been talk of “green shoots” appearing in the US economy. Ever since the market rebounded from the March lows, investors are looking for any sign that will confirm the theory that the economy is recovering from the worst recession since the great depression. In order to check the current state …
Continue reading ‘Searching for Rays of Light in the US Economy’ »
The World Bank released the China Quarterly Update, June 2009 recently. This report offers an in-depth analysis of the current state of the Chinese economy. Some highlights from this report are presented below. China’s economy declined in the first part 0f 2009 but thanks to the infrastructure-focused “RMB 4 Trillion” stimulus plan announced by the …
Continue reading ‘China’s Economy Stable But Strong Growth Unlikely Soon’ »