Generally Canadians have a higher propensity to save compared to Americans in spite of having a better social safety-net such as free healthcare, pensions, job security, etc. under the socialist form of government. Up until the credit crisis hit most U.S. consumers saved very little. In fact, the personnel savings rate in the U.S. went …
Continue reading ‘Americans Are Now Saving More Than Canadians’ »
The majority of the states in the U.S. are running deficits and hence are cutting government services when they are desperately needed by the middle and the lower classes in this sluggish economy. While the causes for the budget shortfalls are many, one of the main reason is that public workers at the state and …
Continue reading ‘Union Membership in the U.S.: Public vs. Private Sector’ »
Some investors believe that economic growth always leads to higher stock market returns. However this is not always the case. A recent report in The Wall Street Journal by Peter Stein confirms this point again quoting research by Nomura and Professor Jay R.Ritter of the University of Florida. From the report titled “Growth Doesn’t Always …
Continue reading ‘Economic Growth Does Not Always Lead to Higher Stock Returns’ »
Tech stocks have rallied strongly so far this year mirroring the broader U.S. market. While the S&P 500 is up 5.29% YTD, the technology sector in the index is up 5.89%. After the energy sector, the tech sector is the best performing sector YTD. Unlike financials and others, the tech industry has continues to rebound …
The official unemployment rate in January was 9% and the total number of unemployed persons were at 13.9 million according to BLS data. As of Feb 17th, 2011 the total U.S. debt held by the public is 9,490,705,812,100.38. Foreigners held about $4.4 Trillion of U.S. treasury securities at the end of 2010. The U.S. spends …
Continue reading ‘Is the current U.S. Income Tax System Fair and Sustainable?’ »