Global Economic Crisis

ShareThe President of United States called for the Congress to over haul the financial regulation of the country with new financial rules. The announcement was made by Obama on Radio and Internet and was aimed more specifically at the movers and shakers in the American government.
Obama openly blames the Wall Street for its inability to [...]

ShareThe global economy is once again being depended on when the Europeans have cut back on spending due to the weakening of the euro; the Chinese exports will have to be depended upon the consumption of the American population. The old habit of American customers spending huge on products will hope fully sustain the global [...]

ShareWhen a suggestion comes from the world’s wealthiest person, it has to make sense no matter what. The billionaire Warren Buffet has given almost 99 % of his personal wealth to charity and believes that the U.S. economy needs charity from individuals who have more that they need. He attributes his wealth to the “wildly [...]

ShareThe American factories have increased the levels of production to pre recession levels but the consumption and other sources of using these produced goods have reduced. The economists are eager that inflation is not increasing and U.S recovery cannot be lead by manufacturing alone.
Growth without inflation is something that the economists have not figured. The [...]

ShareThe U.S. economy witnessed in the months of April its trade deficit widen due to fall in exports and also imports fell to a certain degree. The gap is now 0.6% to 40.3 million dollars. This is the highest since December 2008 and is a matter of concern for the policy makers.
But the good news [...]

ShareThe U.S. economy got another blow from the European crisis this time in the form of budget cuts. The British PM’s announcement of the extreme cut back in the form of government spending along with the German austerity plan detains, caused the U.S. economy to feel the shock waves.
This move is going to reduce the [...]

ShareA recent survey done by the GfK poll concluded that the debt is causing them stress. This survey’s 46% participants were stressed and 23% were at high stress levels. But 53% of the people were optimistic and felt no stress.
Thought the U.S. economy is seeing a u turn from the previous year’s condition when there [...]

ShareThe stock markets the world over are taking a beating. They are on a roller coaster with constant variations in the stock’s value.
The American Dow Jones fell by about 300 points in one day, making it the biggest drop since two years in a single day. This is expected to continue with the debt crises [...]

Share Rep. Thaddeus McCotter on local Michigan TV

Share Car giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history.
A look at the factors that led to the biggest failure of an i…