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Tag Archives: gdp
What Has QE Wrought?
What Has QE Wrought? [Editor’s Note: Watch Ron Paul deliver this Special Report here.] The Great Recession began in 2007. It didn’t take long for the money managers to recognize its severity, and that a little tinkering with interest rates would not suffice in dealing with the economic downturn. In Dec. 2008, the first of four Quantitative […]
Will the World Economy Continue to “Roll Along” in 2018?
Will the World Economy Continue to “Roll Along” in 2018? Once upon a time, we worried about oil and other energy. Now, a song from 1930 seems to be appropriate: Today, we have a surplus of oil, which we are trying to use up. That never happened before, or did it? Well, actually, it did, back […]
Is the High Level of Debt a Major Economic Risk Factor?
IS THE HIGH LEVEL OF DEBT A MAJOR ECONOMIC RISK FACTOR? Many economic commentators regard high level of debt relative to GDP as a major risk factor as far as economic health is concerned. This way of thinking has its origins in the writings of the famous American economist Irving Fisher. According to Irving Fisher,[1] […]
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree It’s official: the reason behind the recent rebound in the economy can be explained with two words: “charge it.” Readers may recall that one month ago, we reported that with Republicans in Washington on the verge of passing their first major piece […]
Global Debt Hits Record $233 Trillion, Up $16Tn In 9 Months
Global Debt Hits Record $233 Trillion, Up $16Tn In 9 Months Last June we reported that according to the Institute of International Finance – perhaps best known for its periodic and concerning reports summarizing global leverage statistics – as of the end of 2016, in a period of so-called “coordinated growth”, global debt hit a […]
The Debt Beneath
The Debt Beneath Debt is irrelevant and matters not. It’s different this time. That’s the message from politicians, markets and participants. Tax cuts pay for themselves (they do not), leverage doesn’t matter (it does) and the increased costs of servicing the debt as a result of rising rates will be offset by imaginary real wage […]
China’s Growth Story…Don’t Look For a Happy Ending!
China’s Growth Story…Don’t Look For a Happy Ending! Many economists suggest China is on the cusp of significant growth in domestic consumer demand as China shifts from exporter to consumer. These economists postulate that rising domestic demand coupled with continued growth as the global exporter will push both China and the global economy into high gear. China suggests that it will achieve 6.5% […]
We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere – John Rubino
We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere – John Rubino A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the debts keep rising. This time around the timing is especially […]
The End of Economic Growth
The End of Economic Growth UK Chancellor of the Exchequer Phillip Hammond (finance minister) delivered his budget on Wednesday last week. The tame budget was overshadowed by news that UK productivity and hence economic growth had stalled. In this post I search for the underlying causes of economic malaise and explore the structure of UK […]
It Was This Big
IT WAS THIS BIG A theme which frequently pops up in current financial and economic commentary is that of the burgeoning levels of outstanding debt under which all too many nations are said to groan. Typically, reference will be made to the percentage of GDP which this mountain of obligations entails, usually by way of putting […]
Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan?
Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan? Canadians, fasten your seat-belt. Here are the charts. The Financial Crisis in the US was a consequence of too much debt and too much risk, among numerous other factors, and the whole house of cards came down. Now, after eight years of experimental monetary […]
Averting the apocalypse: lessons from Costa Rica
Averting the apocalypse: lessons from Costa Rica Earlier this summer, a paper published in the journal Nature captured headlines with a rather bleak forecast. Our chances of keeping global warming below the 2C danger threshold are very, very small: only about 5%. The reason, according to the paper’s authors, is that the cuts we’re making […]
Why So Many (in the West) Are Pissed Off
Why So Many (in the West) Are Pissed Off Campaigning to “Make America Great Again,” Donald Trump swept to the presidency last November 8, buoyed by a wave of anger and sense of betrayal in the American heartland. He knew that, for many, the American Dream had receded inexorably beyond reach, lingering only in distant […]
The Cruel, Topsy-Turvy Economics of Collapse
The Cruel, Topsy-Turvy Economics of Collapse Contrary to common sense, we could experience booming GDP and stock market valuations all the way to society’s imminent collapse. As we reel from one natural disaster after another—hurricanes Harvey, Irma, Maria, wildfires in California—climate scientists explain how they’re not really “natural” at all. They’re the anticipated consequence of a breakdown […]
