Archive of posts filed under the Economy category.

America’s Growing Debt is Worse Than Europe’s Debt Levels

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When the global financial crisis began much of the world’s attention was directed towards the U.S. since the country was the main source of triggering the worldwide crisis in financial markets. However recently Europe has been attracting the focus of investors worldwide due to the Euro debt crisis. First it was the tiny economy of …

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U.S. Corporate Profits Rising With No Job Growth

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U.S. companies earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. In non-inflation adjusted terms, this is the highest figure since the government started keeping track over 60 years ago. Since the credit crisis ended, many businesses have resumed growing profits but not …

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Debt Due over the 20 Years From Ireland, Portugal and Spain

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The Irish government is negotiating a $110 billion bailout deal with the IMF and EU. Today Ireland unveiled a four-year austerity plan. From an Bloomberg article: “Ireland’s government said it will cut spending by about 20 percent and raise taxes over the next four years as talks on a bailout of the country near conclusion.Welfare …

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U.S. Recovery Depends on the Domestic Service Economy and Not on Exports

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The size of the U.S. economy is about $14 Trillion. Consumer spending accounts for nearly 70% of the economy as U.S. is still a consumer-driven economy.  Unlike other countries, the services sector accounts for the most part of economy. The U.S. exports billions of dollars worth of goods and services to other countries. However exports …

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