Tag Archive: Gross Domestic Product

Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze

2017-11-16

Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter.

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This Is Not Expansion

2017-05-06

by Jeffrey P. Snider

2017-05-06

Back in October, the Bureau of Economic Analysis released GDP figures that suggested what those behind “reflation” had hoped. After a near miss to start 2016, the economy had shaken off the effects of “transitory” weakness, mainly manufacturing and oil, poised to perform in a manner consistent with monetary policy rhetoric.

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Clickbait: Bernanke Terrifies Stock Investors, Again

2017-05-03

by Jeffrey P. Snider

2017-05-03

Unstable GDP Revised, April 2011 - April 2017

If you are a stock investor, you should be terrified. The most disconcerting words have been uttered by the one person capable of changing the whole dynamic. After spending so many years trying to recreate the magic of the “maestro”, Ben Bernanke in retirement is still at it.

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Defining Labor Economics

2017-05-02

by Jeffrey P. Snider

2017-05-02

Job Openings and Labor Turnover Survey, Dec 2000 - 2016

Economics is a pretty simple framework of understanding, at least in the small “e” sense. The big problem with Economics, capital “E”, is that the study is dedicated to other things beyond the economy. In the 21st century, it has become almost exclusive to those extraneous errands. It has morphed into a discipline dedicated to statistical regression of what relates to what, and the mathematical equations assigned to give those relationships some...

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Optimal Lunacy

2017-04-15

by Jeffrey P. Snider

2017-04-15

In June 2012, Janet Yellen, then the Vice Chairman of the Federal Reserve, addressed an audience in Boston with what for the time seemed like a radical departure. It was the latest in a string of them, for conditions throughout the “recovery” period never did quite seem to hit the recovery stride. Because of that, there was constant stream of trial balloons suggesting how the Federal Reserve might try to overcome this economic inertia. At that...

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The Source of Trump’s Success: The Bigger and Bigger Wage Gap

2016-11-16

by Charles Hugh Smith

2016-11-16

There are many sources of rage: injustice, the destruction of truth, powerlessness. But if we had to identify the one key source of non-elite rage that cuts across all age, ethnicity, gender and regional boundaries, it is this: The Ruling Elite is protected from the destructive consequences of its predatory dominance.

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Which Government System Is The Best For People’s Wealth?

2016-11-12

by Tyler Durden

2016-11-12

We have created a map which shows the per-capita GDP based upon the type of government in a country. The larger the country appears on the map, the higher the GDP per capita.

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Free exchange: Broke but never bust

2015-01-22

by The Economist

2015-01-22

CONTEMPORARY central banking is a strongbox of oddities. Deposits, which normally pay interest, can now incur a charge. Investments in government debt, which normally offer a return, give a negative yield. Faced with this weirdness central banks are trying to respect some cardinal rules of finance, with the Swiss National Bank (SNB) and the European Central Bank (ECB) taking steps to protect themselves from losses and ensure that their...

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