In a post last month, I discussed about the success of the Troubled Asset Recovery Program (TARP) to the U.S. By July of this year, the US government had received $22.7 billion in interest, dividends, sale of warrants, stocks and other income. The graphic below shows that the TARP has been profitable to the U.S. …
The graphic below shows a comparison of the government finances and the size of the economies of the US and UK: Click to Enlarge Source: The New York Times While the UK has higher government revenues as a percentage of GDP than the US, in terms of debt and spending the UK and the US …
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The official unemployment rate in September stood at 9.6%. The total number of unemployed persons was 14.8 million. The number of long-term unemployed (27 weeks and more) stood at 6.1 million. Billions of dollars in bailouts have saved the large banks and the economy from complete collapse but the $14.5 U.S. economy is unable to …
Continue reading ‘Can the U.S. Economy Recover from the Current Slump ?’ »
Contrary to popular belief, the average corporate income tax rate in the U.S is actually higher than many other developed economies. Some economists and media pundits have suggested that the Federal government should reduce this tax rate to stimulate investment and job growth. The average corporate income tax rate in the U.S. is 35% compared …
According to an article in the Bloomberg BusinessWeek, 44% of households in the U.S. owned shares of mutual funds in 2009. In Germany, only 9.4% of the population owned mutual fund shares in the first half of 2010. Germans generally tend to be very conservative and avoid the stock markets. Only 6% of Germans directly …
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