The Dow would drop 3,600 points from an intraday high of 11,483 on September 19, 2008 to an intraday low of 7,882 on October 10, 2008. What was the impact of the recession on home prices? In March 2007, national house sales and prices plummeted precipitously, the sharpest drop since the 1989 Savings & Loan […]
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Cosmic inflation is a faster-than-light expansion of the universe that gave birth to a slew of new universes. Inflation was created to explain a few aspects of the universe that would be difficult to explain otherwise. The first is that matter, according to Einstein’s general theory of relativity, bends space and time, so you’d expect […]
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Inflation is defined as a prolonged increase in the overall price level of goods and services in a given economy. This relates to a loss of purchasing power for a currency used in the economy, assuming all other factors remain constant. In a nutshell, what is inflation? Inflation is the gradual loss of a currency’s […]
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One of the most important indices of economic growth is the Gross Domestic Product (GDP). GDP is part of the national accounts framework, which gives a comprehensive picture of the UK’s economic activity. The national accounts methodology pages have more information on the UK national accounts. The production or output approach, the expenditure approach, and […]
For numerous reasons, life insurers are more likely to be indirectly affected by inflation. Inflationary pressures diminish the current value of fixed future payouts, discouraging life insurance purchases and increasing lapse rates. Does the cost of life insurance go up with inflation? Adding an inflation rider to your life insurance policy raises your premium, but […]
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Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, industrial supplies and materials, and foods, feeds, and beverages were the biggest contributions to the growth in goods […]
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Expansionary fiscal policy boosts aggregate demand by increasing government expenditure or lowering tax rates. Expansionary policy can achieve this by: (1) increasing consumption by increasing disposable income through personal income tax or payroll tax cuts; (2) increasing investment spending by increasing after-tax profits through business tax cuts; and (3) increasing government purchases by increasing federal […]
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Gold has long been thought to be a good inflation hedge. In reality, many people have looked to gold as a “alternative currency,” especially in countries where the national currency is depreciating. When their own currency fails, these countries often resort to gold or other strong currencies. Gold is a genuine, tangible asset that, for […]
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In December 2021, the Philippines’ Gross National Product (GNP) was estimated to be 117.397 USD billion. This is an increase from the previous figure of 95.239 USD billion in September 2021. Philippines Gross National Product (GNP) data is updated quarterly, with 164 observations from Mar 1981 to Dec 2021, averaging 23.953 USD bn. The data […]
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Recessions aren’t fully predicted, to be sure. We’d be able to better plan for them or possibly avoid them if they were. However, there are a few warning indicators that economists may use to predict the onset of a recession. These signs are referred described as “leading indicators” by economists. There are other lagging indications […]
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