Tag Archives: Gross domestic product

Are You Better Off Than You Were At The End Of The Bush Administration? A Data-Based Assessment

Menzie Chinn, Econbrowser | Sep. 4, 2012, 5:46 AM Menzie Chinn Source: Business Insider Menzie Chinn is a professor at Robert M. La Follette School of Public Affairs I’ve heard a lot about the “four years ago” comparison. Four years ago, we were on … Continue reading

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Breaking: US GDP SLOWS TO 1.5% IN SECOND QUARTER, BUT BEATS EXPECTATIONS

Eric Platt Source: Business Insider July 27, 2012 Bill Pugliano/Getty Images UPDATE:The U.S. economy expanded by 1.5 percent during the second quarter, topping expecations for a 1.4 percent gain, new data out of the Bureau of Economic Analysis shows. Nonetheless, the government … Continue reading

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U.S. ‘Fiscal Cliff’ Looms: Will Lawmakers Heed Bernanke’s Warnings?

By Morgan Korn Daily Ticker Yahoo.com  In late February Fed Chairman Ben Bernanke started warning lawmakers about the looming “massive fiscal cliff” that would bring the U.S. economy to its knees if Congress cannot agree on long-term fiscal decisions. Bernanke explained … Continue reading

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S&P: Here Comes The ‘$46 TRILLION PERFECT STORM’

Max Nisen Source: Business Insider 47 minutes ago In the first of a series of reports on corporate credit markets, S&P highlights a truly unsettling downside scenario that could derail the ‘fragile equilibrium’ in credit markets. The title of the report: The Credit … Continue reading

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PressTV: US economic growth slows to 2.2% in Q1 of 2012

Fri Apr 27, 2012 1:1PM GMT Official statistics show that the US economic growth has fallen heavily to 2.2 percent in the first quarter of 2012. [2.5 was expected ~J]  

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US growth slows despite jump in consumer spending

US economic growth slowed more-than-expected to 2.2pc in the first quarter of the year, as stronger consumer spending was offset by cutbacks in government spending and business investment. Street Promenade in Santa Monica, California. The US economy grew 2.2pc in … Continue reading

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U.S. growth slows as inventory accumulation wanes

By Lucia Mutikani | Reuters  WASHINGTON (Reuters) – U.S. economic growth likely cooled modestly in the first quarter as replenishing of inventories by businesses slowed, though stronger demand for automobiles and a lift to homebuilding from warm weather blunted the blow. Gross domestic product is … Continue reading

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Marc Faber Discusses Imminent Market Crash, a Recession in China, Says Fiscal Condition of US a “Catastrophe”

Inquiring minds are listening to Marc Faber on the global economy. Link if video does not play: Marc Faber speaks of Imminent Market Crash Faber says China faces a recession defined as a slowdown to 3%. Interestingly, 3% is the same … Continue reading

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Billions wiped off Europe’s biggest companies as political rebellion rocks eurozone

More than £122.3bn was wiped off the value of Europe’s biggest companies on Monday amid fears that the eurozone’s commitment to austerity was being swept away by political rebellion – just as its debts hit record levels. Stockmarkets plunged as … Continue reading

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Spain plans to strip regions of powers in bid to calm markets

Madrid is plotting to strip Spain’s regions of their powers in a radical bid to convince global investors that the nation can control its finances. Spain’s borrowing costs rose to 6.08pc, plunging deeper into the territory considered unsustainably expensive Photo: Alamy … Continue reading

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China’s economic growth slows to three-year low of 8.1pc

China’s economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading raising investor concerns that a five-quarter long slide has not bottomed and that more policy action would … Continue reading

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Eurozone debt crisis: how Greece could exit the euro

As global companies draw up contingency plans for a Greek exit from the euro, we examine the feasibility of Athens’ departure – from new drachmas to illegality and €1 trillion costs. In the event of an exit, Greece would create … Continue reading

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Debunking The Myth Of The Out-Of-Control Federal Government

24/7 Wall St. | Mar. 9, 2012, 10:45 AM | 919 | 22 Federal spending has been above the historical average in the past few years and is expected to stay above average after the economy recovers. Does this mean we are witnessing a permanent … Continue reading

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Iceland’s Viking Victory

Ambrose Evans-Pritchard Ambrose Evans-Pritchard has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now … Continue reading

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In The Meantime Iceland Is #Winning – Perhaps this is why the press has been so silent about Iceland. ~J

Submitted by Tyler Durden on 02/17/2012 10:47 -0500 Zerohedge.com While Greece and Europe continue sinking ever deeper into the colonial quicksand of Pax Goldmania, Iceland, which blew up, pushed its banks into bankruptcy, and arrested its corrupt bankers, is well on its … Continue reading

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For Greece a tear, for Brussels a blush

By Ambrose Evans-Pritchard Economics Last updated: February 8th, 2012 The Telegraph, UK  Will Greece comply with the Troika’s diktats? Very quickly: some of you will have seen that Greece’s tax revenue from VAT collapsed by 18.7pc in January from a year earlier. Nobody … Continue reading

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Jim O’Neill: Welcome to a future built in BRIC

After 10 years of emerging market growth it is time for a new world order – with the BRICs taking their rightful place at the top table , says economist Jim O’Neill in an extract from ‘The Growth Map: Economic … Continue reading

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Warren Buffett says he can end the deficit in five minutes!

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling: “I could end the deficit in 5 minutes,” he told CNBC. “You just pass a law that says that anytime there is … Continue reading

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Will Finland be the mouse that roars and be the first to leave the euro?

by Damian Reece | The Telegraph October 12 2011 Markets rallied today on the hope that Europe was edging closer to paying the appalling cost of underwriting its debtor nations and recapitalising its banks to allow a Greek default. Strange … Continue reading

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11 Facts About Biggest Banks

By Pat Garofalo, Think Progress 08 October 11 11 facts you need to know about the nation’s biggest banks. he Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the … Continue reading

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