as homeowners withdrew $2.69 trillion of equity from their homes, according to the Federal Reserve. The conversion of home equity into consumer spending boosted GDP during those years. As consumers pay down debt
This repositioning explains why we have demonstrated such stability and strong results during this downturn and why we believe we will benefit as the economy recovers and growth returns. A StrongYear Capping a Strong Decade Two thousand nine was a tough year by any mea- sure, but IBM's ...
The gap between developed countries and emerging nations is shrinking, with India likely to overtake Japan in nominal GDP in a few years. The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China’s was $17.5 tri...
Cities and States Are Facing a $1 Trillion Budget Mess. There Will Be More Trouble Ahead. “It’s worse because the revenue shortfall is uncertain and horrific. There’s an enormous loss of revenue going on, and we don’t know how long it will last.” (Barron’s) https://www.barrons...
What will happen if someone doesn't pay their credit card bills in India? Why don't high net worth people invest their money in index funds? Why are so many people in investment banking arrogant? What are the primary reasons that lenders charge interest on loans?
What does this mean for the German industry, economy and inflation in the country in the next 5 years? Why does the premium over the bond's conversion value decline as the value of the stock rises? Why are interest r...
alone. In a $6 trillion economy, it's not hard to wallop people with high numbers. The calculations should be done per capita. How much do I lose by not knowing Arabic? Then let's compare that to the cost of learning Arabic-- or, if you like, your favorite auxlang. This should...
It is "one of the few bright spots in the Chinese economy," says Zeng Ming. He is talking about e-commerce. Mr Zeng, the chief strategy officer for Alibaba, a giant Chinese Internet firm, predicts that digital transactions on his firm's platforms will top l trillion yuan ($159 billion...
Greece has a tiny economy, and great deal of their debt has been pushed off to the taxpayers of the member state. There will be no great catastrophe outside of Greece if they default or leave the Euro. from the EUcrats POV, this is all just so much theater. ...
Congress must makee-Verifymandatory. They won’t do it because the economy relies on the mostly-menial labor of illegal immigrants, but they will bluff and bluster. And I’d give you pretty good odds that Donald J. Trump won’t deport them all for that reason, too. There will be just...