Gross Domestic Product

How To Survive The Winter

"...this is a gigantic problem that won't magically go away... the Potemkin village of inflated stock and real estate prices cannot continue indefinitely."

Eurozone Inflation Unexpectedly Cools

In the latest headache for Mario Draghi, the Eurozone's closely watched CPI weakened to 1.40% year-on-year in October 2017 versus expectations of 1.50% and a reading of 1.50% the previous month. As a reminder, according to the ECB's September forecast, HICP inflation is expected to rise to 1.5%, leaving little margin for deflation in the next few months, especially if Draghi's tightening overtures are to be taken seriously.

"If You Want To Get Rich...Climb Into A Time Machine"

While the financial media focuses on billionaires and hedge fund managers playing for billions, much of the wealth and income of the nation is firmly in the hands of families that own proprietorships and rental properties...

US Spent A Record $4 Trillion In Fiscal 2017, Pushing Deficit To $666 Billion

Federal tax receipts reached a record high $3.3 trillion, thanks to slightly faster growth, according to a senior Treasury official. But government outlays also hit a record high last year at nearly $4 trillion ($3.95 trillion to be precise), 3% higher than they were in the previous fiscal year, thanks to increased spending on Social Security, Medicare and Medicaid, as well as higher interest payments on the public debt