SNELL: So, Scott, the last time inflation was this high, Ronald Reagan was in the White House, Olivia Newton-John was everywhere on the radio, and the cool new computer was the Commodore 64, which was named after its 64 kilobytes of capacity. Oh, and a new soft drink was set to hit the market. (Singing) […]
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During a recession, if you’re paying more than the minimum needed payments on your loans, you can quickly free up cash flow by lowering that payment to the minimum. What impact does a recession have on debt? Over the last six decades, global government debt has risen following each global recession. There were four global
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Understanding the Recovery of the Economy Following a recession, the economy adjusts and recovers some of the gains that were lost during the downturn. When growth accelerates and GDP begins to move toward a new peak, the economy shifts to a real expansion. What things sell well during a downturn? While some industries are more
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The incremental increase in the price of goods and services in an economy is extremely cyclical and can be risky for investors while also producing cyclical hazards in the economy. As a result, widely used inflation indices like the Consumer Price Index (CPI) and the Wholesale Price Index (WPI) are extensively scrutinized. What is an
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What are the world’s largest economies? According to the International Monetary Fund, the following countries have the greatest nominal GDP in the world: Which country is the most powerful in the world? In the 2021 Best Countries Report, Canada wins the top overall rank as the world’s number one country for the first time. After
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Americans who have just gone to the grocery store or begun their holiday shopping may have noticed a rise in consumer costs. According to the Consumer Price Index, the annual rate of inflation in the United States reached 6.2 percent in October 2021, the highest in more than three decades (CPI). Other inflation indicators have
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A bear market does not always imply a downturn in the economy. Since 1929, there have been 26 bear markets, but only 15 recessions in that time. 3 Bear markets are frequently associated with a slowing economy, although a falling market does not always imply that a recession is imminent. Are bear markets caused by
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The 2008 Great Recession may have developed into the second Great Depression if TARP, ARRA, and the Economic Stimulus Plan had not been adopted. How did the government react to the financial crisis? During times of national crises, Congress has responded by directing federal resources and programs to help struggling Americans. While it is critical
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China is the world’s most prosperous country in terms of GDP per capita (PPP). China’s GDP based on PPP was 24,142.83 billion international dollars in 2020, accounting for 18.36% of global GDP based on PPP. The top five countries contribute for 48.51 percent of it (the others are the United States of America, India, Japan,
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The Gross Domestic Product (GDP) is a measure of domestic economic activity. Personal consumption, gross private domestic investment, government purchases, and net exports are the four basic components used to calculate gross domestic output. Because the commodities are manufactured in another country, imports do not contribute to the gross domestic product. What is excluded from
Which Type Of Spending Is Not A Component Of GDP? Read More »
