The early 1970s saw hyperinflation as a direct result of decimal currency. True, other factors had a role (the quintupling of oil costs, the miners’ strike, the three-day workweek), but decimal money was unquestionably a factor. Under pressure from the City of London, the government decided to maintain the old pound as a reserve currency. […]
Did Decimalisation Cause Inflation? Read More »
GDP, or gross domestic product, is one of the most commonly used terms. It is frequently mentioned in newspapers, on television news, and in government, central bank, and company publications. It has become widely accepted as a barometer of national and global economic health. What is the current GDP? PCE increased as a result of
What Is World GDP? Read More »
Consumer prices grew at their quickest pace since 2008 in May, a larger increase than economists had predicted and one that will undoubtedly keep inflation at the forefront of political and economic discourse in Washington. The Consumer Price Index increased 5% over a year ago in May, according to the Labor Department. Economists had predicted
Where’s The Inflation? Read More »
Some countries have had such high inflation rates that their currency has lost its value. Imagine going to the store with boxes full of cash and being unable to purchase anything because prices have skyrocketed! The economy tends to break down with such high inflation rates. The Federal Reserve was formed, like other central banks,
How Are Inflation And Interest Rates Related? Read More »
It has been attempted to date recessions in America since 1790. It wasn’t until the 1920s that these times of recession were defined. To come up with the dates, researchers looked through business journals from the time period and created a time series of the data. The earliest recessions with the most certainty are those
When Did The US Recession Start? Read More »
The Great Recession, which ran from December 2007 to June 2009, was one of the worst economic downturns in US history. The economic crisis was precipitated by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages. New financial laws and an aggressive Federal
What Was The Cause Of The 2008 Recession? Read More »
Another important part of preserving your retirement savings against crashes is rebalancing your portfolio, or adjusting how much you have in different assets. The notion is that some investments may outperform others over time, changing the percentage of money invested in each asset and thus exposing you to more risk. Rebalancing brings the percentage of
Where To Move 401k During Recession? Read More »
Looking ahead, China is predicted to pass the U.S. as the world’s largest economy in 2030. What will China’s GDP be in 2021? According to GDP statistics from 2021, China’s most productive provinces and cities are listed below. According to the National Bureau of Statistics, China’s GDP in 2021 was RMB 114.4 trillion (US$17.7 trillion),
When Will China Pass US GDP? Read More »
In a downturn, there are eight different types of funds to consider. What businesses thrive during a downturn? While some industries are more vulnerable to economic fluctuations, others tend to do well during downturns. However, no organization or industry is immune to a recession or economic downturn. During the COVID-19 epidemic, the consumer goods and
What Stocks Do Best After A Recession? Read More »
While all of these inflation metrics apply the same approach to the shopping basket of goods and services and how they have evolved over time, they do it in various ways. RPI incorporates mortgage interest payments, implying that it is more accurate “House prices and interest rates are “heavily impacted.” Housing prices are not included
What Is RPI Inflation? Read More »
