Silver as an investment

Category Archives: Gross Domestic Product

Forget Taxes: What if Estonia Made More Money Selling Services?

Via The Daily Bell $60 Billion plus is the U.S. dollar equivalent to how much Bitcoin is currently in circulation. That amount of money would keep the Estonian government running at current expenditures for almost 60 years. $60 billion is more than double Estonia’s Gross Domestic Product. So what if Estonia released a cryptocurrency that was […]

Putting America’s Record-Breaking $20 Trillion Debt In Global Context

The U.S. federal government just passed a record $20 trillion in publicly held debt. That’s bigger than the entire economy of every country in the European Union, combined. As HowMuch.net notes, the debt will only grow higher unless President Trump and the U.S. Congress can agree to unprecedented spending cuts combined with tax increases.  Don’t count on that happening […]

August ISM Data Suggests U.S. GDP Growth Might Hit 4%

Content originally published at iBankCoin.com     Remember when critics lambasted Trump for daring to forecast 3%+ GDP growth? Yeah, those people just got eternally beatdown. Second quarter GDP was revised up to 3%. The only thing the left could do is peddle out Warren Buffett, a person who has never said a bad thing […]

VAR Shocks!

By Chris at www.CapitalistExploits.at How much money can you lose on any given day according to an entire squadron of dynamic variable factors? It’s called value at risk (VAR), and because every hedge fund, investment bank, prop house, and algo firm wants to assess their own risk — while at the same time sneakily wanting to know […]

US Second Quarter GDP Revised Sharply Higher To 3.0%, Best In Two Years

In a surprise for traders – and the Fed – moments ago the BEA reported that after its first revision of Q2 GDP (a quarter which ended two months ago), the initial estimate of 2.6% was revised to 3.0%, beating expectations of a 2.7% print, and the highest annualized growth rate since Q1 2015. The […]

Goldman Says Hurricane Harvey Will Reduce Q3 GDP; JPMorgan Says It Will Boost It

There are still two to three days before the peak flooding – and damage – in Houston arrives, yet already Wall Street is trying to calculate how much the worst natural disaster in decades befalling the 4th largest American city will impact US GDP. Or rather boost it, because in two notes out late in […]

Mauldin: 2 Charts Confirm A US Recession Within 18 Months

Authored by John Mauldin via MauldinEconomics.com, Stock valuations are the discounted values of future earnings. Future earnings depend on future revenue, which may diminish whenever the future includes a recession. So, broad economic conditions are a big factor to watch in stock valuation. Broad economic conditions depend ultimately on the consumer’s ability and willingness to […]

Hartford Bankruptcy Looms As CT Gov Admits “We Spent Money On Wrong Things”

Connecticut Governor Daniel Malloy is among the country’s least popular governors after forcing through two tax hikes that sent individuals and corporations fleeing from the state. Luckily for the state and its people, Malloy apparently has no interest in sticking around to take the heat when it comes time for the next hike: He has […]

Key Events In The Coming Week: All Eyes On The (Jackson) Hole

Absent any major geopolitical shocks, it is set to be a quiet summer week ahead with focus on the Jackson Hole conference. On the data front the key releases will be US durable goods and Eurozone PMIs, as well as Japan inflation & UK and Norway GDP. In Emerging Markets, there are monetary policy meetings […]

How A Renewed Korean Conflict Is Going To Be Felt Around The Globe

Authored by James Durso via TheHill.com, The United States and the Republic of South Korea have, until now, had identical interests in the Korean peninsula: defending against a North Korean attack on the South, and keeping the North’s regime at bay until it collapsed from internal contradictions. The inevitable ability of North Korea to hit […]