The personal savings rate in the USA started to increase since last year when the economy crumbled. Traditionally Americans save less than people in other countries. Europeans, Asians and others are high savers. But in the past how much did Americans save each year? Has the savings rate been always too low? In order to …
In recent weeks there have been talk of “green shoots” appearing in the US economy. Ever since the market rebounded from the March lows, investors are looking for any sign that will confirm the theory that the economy is recovering from the worst recession since the great depression. In order to check the current state …
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Historically the unemployment rate in the USA was lower when compared to European countries due to US economy being dynamic and vibrant.The policy of hire and fire by companies was accepted by the society as a means of keeping the economy strong.However this situation in changing due to the continued rise in unemployment rates in …
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The World Bank maintains the database of Gross External Debt Positions of countries.The top five countries with the largest external debt are as follows: [TABLE=156] The USA is the most debtor country with a total of $13.6 Trillion at the end of 2008.On a year-over-year basis this represents an increase of 1.6%. In order to …
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A report by the The Independent Community Bankers of America (ICBA) and Aite Group, LLC states that community banks are getting strong in this difficult time and are positing themselves for a recovery in the economy. The report titled Impact of the Financial Crisis on U.S. Community Banks: Difficult Times, New Opportunities was based on …
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