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The 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 [...]
The Chinese government is deciding on appreciation of Yuan against the other currencies and more specifically Dollar. Although this has been welcomed in the west, but not what the U.S. government wants for the improvement of the economy.
The power of purchasing of the Chinese companies will rise and commodities sold by china in the U.S. [...]
The 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 [...]
When 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 [...]
The 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 [...]
Some good news for global investors. The global stocks have seen a slight increase in the markets stocks. The Mexican stocks saw an increase in their points as the investors saw some signs of recovery the world over and are optimistic about the U.S. economy’s recovery. The asia stocks too saw a slight increase [...]
The 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 [...]
The 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 [...]
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