The following is an excerpt of the U.S. economy from the CIA’s The World Factbook site: The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $47,200. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state …
The U.S. economy added no jobs in August according to the BLS report released on Friday. Based on official figures currently 14.0 million Americans are unemployed and the unemployment rate stands at 9.1%. Unofficial figures are much higher since the BLS data does not include the unemployed that stopped looking for work. Since the US …
Der Speigel has published an excellent report titled The Destructive Power of the Financial Markets discussing the size and power of various players on the global financial markets. The graphic below shows the astonishing size of the global financial industry: Click to enlarge From the report: The financial industry grew rapidly, as did the …
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The S&P 500 is down 10.7% YTD. Among the sectoral indices, the financials are the worst performers with the KBW Bank Index off 32% YTD. As U.S. equities continue their downward trend, some investors are wondering if they are cheap now. The following chart from a CFR report shows that stocks are either cheap or the …
The current total outstanding U.S. public debt is over $14.0 Trillion. This huge mountain of debt was accumulated over many decades under the leadership of various presidents. The graphic below shows the amount of debt accumulated by US presidents: Click to enlarge Source: Der Speigel As shown above, the largest amount of debt was accumulated …
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