The Q4 2013 ratio is 67.9%, fractionally off the all-time high of 68.6% in Q1 2011. From a theoretical perspective, there is a point at which personal consumption as a percent of GDP can't really go any higher. We may be hovering in that upper range.
While spending 16 years as the Chief National Security Analyst on the House and then Senate Budget Committees, Mike Lofgren, furnished with top security clearance, began to visualize an invisible power structure running the U.S. government.
On Monday, the January release of the Philadelphia Fed’s State Leading Economic Index came out for all 50 states of the nation. The leading index is a six-month forecast for the state coincident indexes and the January data showed that all 50 states are expected to see their coincident indexes rise over the next six months.
There seems to be a stepped effort by ECB officials to talk the euro down. The process began with Draghi last week indicating that the euro has become a more salient factor as it poses a deflationary risk and threatens the fragile economic recovery.
There are two ways a nation can use economic growth to reduce budget deficits. The first method is to participate in economic growth, with a growing economy increasing tax collections. A second method is to raise taxes so drastically that they consume all economic growth.
Well-known Hong Kong investor and money manager Puru Saxena joins the Financial Sense Newshour and explains how one of history’s largest bubbles is at the mercy of the Fed.
The Guardian recently reported that “The crisis in Crimea could lead the world into a second cold war.” Not so, says JKC de Courcy of Courcy’s Intelligence Service, a leading intel service operating since 1934.
Are you addicted to doom? Do you find yourself compulsively browsing websites touting headlines like “Get Out Now!” or “A Crash Is Coming,” or “Pull Your Certificates out of the Market”? Do 5% corrections in the market prompt you to sell all your stocks and move to 100% cash?