The total assets of the U.S. Federal Reserve stood at over $4.0 Trillion at in December 2013. To be more exact, it reached a record high of $4,008,062,000,000. Click to enlarge Source: Fed’s assets top $4 trillion, CNN, Dec 19, 2013 It is not just the balance sheets of the Fed and the European Central Bank …
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Some of the Asian economies have grown tremendously in the past few decades. For example, communist China used to be closed third-world country with mostly an agrarian economy. Today the country is one of the largest economies in the world and has become the factory floor for the entire world. With a fast-growing middle-class population and …
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In the U.S., the social security check received each month is the most reliable and top source of income for senior citizens in retirement. Despite all the attacks on the social security system, majority of the retired Americans depend on Uncle Sam for their survival. Other sources of income for retired persons include pension from …
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The U.S. is the world’s largest economy with a GDP of $16.72 in 2013 based on purchasing power parity according to the the CIA World Factbook. The next largest economies are the EU, China, India and Japan in that order based on 2013 estimates. Compared to the U.S. economy, many of the developed world’s economies …
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Inflation is an economic concept that drives prices of goods and services up. The increase occurs over time. Even in capitalist economies such as the U.S. prices of goods and services increase year after year contrary to economic principles like supply and demand. Prices are pushed ever higher by companies for a multitude of reasons the …
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