Merkel Vows to Hit NATO Spending Mandate ‘By the 2030s’
Germany far below 2 percent obligation while US well above
Tag: gdp
Mexican Economy Registers Zero Growth in Q2
Stagnant economy just the latest bleak economic news worldwide.
Gold & Silver Prices Have Held Steady Amid Market Mis-Matches
We have a nice pop in the pre-market today, Wednesday Oct 25th: There’s good volume on that price rise too. Since opening on Sunday night, the silver price is down slightly: As is the gold price: Of course, we could…
GDP Is Bogus: Here’s Why
The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The prime “proof” of rising prosperity is the Gross Domestic Product (GDP), which never fails…
Are You Better Off Than You Were 17 Years Ago?
If we use gross domestic product (GDP) as a broad measure of prosperity, we are 160% better off than we were in 1980 and 35% better off than we were in 2000. Other common metrics such as per capita (per person)…
No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years
The majority of American households feel poorer because they are poorer. Real (i.e. adjusted for inflation) median household income has declined for decades, and income gains are concentrated in the top 5%: Even more devastating, wages’ share of GDP has…
The “American Dream” is Over–and Voters Know It
Despite a ceaseless propaganda campaign declaring all is well with the U.S. economy, the Status Quo is fragile–and voters know it. Not only do they know the economy–and their financial security–is one crisis away from meltdown, they’re also fed up…
Corporate Parasites And Economic Plunder: We Need A Genuine Green Revolution
‘Over the past few centuries, Western countries embarked on a road to material affluence at the expense of the environment and other peoples across the globe who were subjugated, killed or left to live in poverty. And while offering more of the same and selling unfettered capitalism to the rest of the world, Washington as […]
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Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters
Beneath the endless twists and turns of Greece’s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse…
Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters
Beneath the endless twists and turns of Greece’s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse…
How Healthcare Is Dooming the U.S. Economy
Three charts crystallize the healthcare dynamics that are dooming the U.S. economy. The first depicts the runaway growth of healthcare costs–a rapid expansion that is a permanent feature of U.S. healthcare, regardless of which party is in office or what…
How Healthcare Is Dooming the U.S. Economy
Three charts crystallize the healthcare dynamics that are dooming the U.S. economy. The first depicts the runaway growth of healthcare costs–a rapid expansion that is a permanent feature of U.S. healthcare, regardless of which party is in office or what…
How Healthcare Is Dooming the U.S. Economy
Three charts crystallize the healthcare dynamics that are dooming the U.S. economy. The first depicts the runaway growth of healthcare costs–a rapid expansion that is a permanent feature of U.S. healthcare, regardless of which party is in office or what…
Stocks and Bonds Are Due for a Generational Crash of 75%
From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target. If we look back to 1981 valuations of stocks and bonds as…
U.S. and UK GDP Fall Heralds New Depression – ZIRP to Continue
U.S. and UK GDP Fall Heralds New Depression – ZIRP to Continue – U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter – U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure –…