Tags » GDP

Gold Reserves and GDP: China is Playing Liar’s Poker

Source: Gold Broker, by Philippe Herlin

Last week, when the Chinese central bank announced it was holding 1,658 tonnes of gold, the entire financial media came up with huge headlines showing stupefaction about such an important increase since 2009, the last time there was an official update (1,054 tonnes). 177 more words

Financial/Societal Collapse And Dependence

Brazil’s budget hole widens in June

Paulo Trevisani – The Wall Street Journal, 7/31/2015

Brazil announced Friday another setback to government efforts to increase savings and balance its books amid a deep economic contraction. 100 more words


"China’s Naked Emperors": Listen Up Jeb, China's Rulers Have No Idea What They’re Doing

Politicians who preside over economic booms often develop delusions of competence. You can see this domestically: Jeb Bush imagines that he knows the secrets of economic growth because he happened to be governor when Florida was experiencing a giant housing bubble, and he had the good luck to leave office just before it burst. 774 more words


August 1, 2015: Rule 1, Don't Lose Money...

Today’s show focused on the key to all successful trading:  risk management. Along the way we talked about the Fed, GDP, 401(k)’s, how we’ve mortgaged our future, and other light-hearted topics… 97 more words


Growth is ... ?

“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”
– Kenneth Boulding

The figure for growth in Gross Domestic Product (GDP) growth for the… 858 more words

People & Culture

The 2015 Untrustworthies Report——Why Social Security Could Be Bankrupt In 12 Years

By David Stockman – ReBloged From http://davidstockmanscontracorner.com/

The so-called “trustees” of the social security system issued their annual report last week and the stenographers of the financial press dutifully reported that the day of reckoning when the trust funds run dry has been put off another year—-until 2034. 2,363 more words

GDP & Employment

Debt - the elephant in the room that the world can't deal with

• Since 2007, the total public and private debt of the big economies has increased, not decreased – by $57trn (£36.5trn), or 17 per cent of GDP. 163 more words