After a strong spike in US crude oil production, WTI (West Texas Intermediate, a US light sweet crude oil mix) futures provide direct crude oil exposure and are the most economical way to trade oil. What is the purpose of WTI oil futures? In theory, oil futures contracts are straightforward. They keep the time-honored practice […]
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The industrial and service industries dominate Turkey’s mostly free-market and diverse economy, while traditional agriculture still employs roughly 25% of the population. Why is Turkey’s GDP so high? The government’s response to COVID-19 was immediate, although it was centered on lax monetary policy and rapid credit expansion. Turkey’s GDP grew in 2020, making it one
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The National Bureau of Economic Research, a private body of researchers, claimed on Monday that the recession began in February 2020, when employment began to disappear. They’re mistaken: job losses and the recession started in March. The lives that have been lost, the jobs that have been lost, and the ambitions that have been destroyed
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The highest year-over-year inflation rate recorded since the formation of the United States in 1776 was 29.78 percent in 1778. In the years since the CPI was introduced, the greatest inflation rate recorded was 19.66 percent in 1917. When was the highest point in US inflation? Between 1914 and 2022, the United States’ inflation rate
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While a small amount of inflation might be beneficial, it can also be detrimental to individual finances, depending on the conditions. What happens if the rate of inflation rises? The cost of living rises when inflation rises, as the Office for National Statistics proved this year. Individuals’ purchasing power is also diminished, especially when interest
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Oil futures are a thrilling asset to trade, but don’t be fooled by their allure; they’re not for everyone. Before you go in, make sure you’re aware of the risks involved with trading these assets: One Contract Represents 1,000 Barrels of Oil With 1,000 barrels of crude represented by one contract, a $0.50 drop in
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During a recession, a solid investing approach is to look for companies that are retaining strong balance sheets or stable business models despite the economic downturn. Utilities, basic consumer products conglomerates, and defense stocks are examples of these types of businesses. Investors frequently increase exposure to these groups in their portfolios in anticipation of declining
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Only products and services generated in a certain year are counted. Because the car and house were already included in a prior count, when you acquire a secondhand car or house, they are not counted in GDP. Since no goods or services were produced, any financial transaction or transfer payment is not included in GDP.
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In order for cost-push inflation to occur, demand for the affected product must be constant while manufacturing costs are changing. To compensate for the higher production costs, producers hike consumer prices to preserve profit margins while keeping up with predicted demand. What effect does the price level have on inflation? The present price level of
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GDP growth is generally referred to by the term “economic growth.” The gross domestic product, or GDP, of a country is a measure of its economy’s size and health. It is the entire value of products and services generated in a certain period of time. A 3 percent annual GDP growth rate simply signifies that
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