Aug
11
A recent poll conducted by Reuters/Ipsos shows that the major percentage of Americans are dissatisfied with the way their economy and their money is being managed by the federal Reserve and US government. If poll has to be believed 73 percent of Americans believe the United States is "off on the wrong track," and just …
Permanent link to this article: http://www.wealthson.com/1611/73-of-americans-think-that-us-is-going-in-wrong-direction
Aug
09
There have been statements from Chinese government that US should do something about its debt, US debt is unsustainable or Gold/SDRs should replace dollar as reserve currency. When China is so much concerned about US debt then why China remains the biggest buyer of US debt? China knows it well that buying US debt has …
Permanent link to this article: http://www.wealthson.com/1592/china-will-keep-buying-us-treasury-to-remain-competitive
Jul
28
DailyBail.com comes up with interesting chart to show where money comes from and where does it go in US. It can be seen from the chart that total revenue from all taxes was $ 2.57 trillion whereas total spending $ 3.83 trillion which means there is a deficit of $1.27 Trillion. Now if we look …
Permanent link to this article: http://www.wealthson.com/1540/94-of-us-tax-revenue-is-spent-on-war-and-defense
Jun
18
Everybody is disgracing the world economic system. All the economic data coming from various financial institutions showcase grimmer picture and poor handling of world economic system. Pessimism has so deeper settled into the people’s mind that they are not looking at the brighter side. But, there are few good things happening around the world which …
Permanent link to this article: http://www.wealthson.com/1202/positive-things-happening-in-the-global-economy
Oct
07
Unemployment condition in some advanced economies of the world present mixed picture from February 2009 to July 2010. Highlights Countries like US, France, Italy, Sweden, Germany and UK has seen high level of unemployment while Japan, Australia, Netherland had comparatively low level. Unemployment has risen consistently in Netherland. CHART . Monthly unemployment rates unadjusted …
Permanent link to this article: http://www.wealthson.com/861/comparing-unemployment-in-10-industrialized-countries
Sep
28
Despite a terrific September on Wall Street, Gallup’s Economic Confidence Index averaged -33 over the first four weeks of September, essentially matching readings in July and August. There is thus little sign that the rising stock market has been met by a concomitant rise in Americans’ confidence in the economy. The Economic Confidence Index is …
Permanent link to this article: http://www.wealthson.com/849/gallup-economic-indicators-show-lack-of-confidence-in-us-economy
Sep
24
"We’re still in a recession," Buffett told CNBC television in an interview broadcast on Thursday. "We’re not gonna be out of it for a while, but we will get out." On Monday, the National Bureau of Economic Research said the world’s largest economy ended an 18-month recession in June 2009, but cautioned that its …
Permanent link to this article: http://www.wealthson.com/838/we-are-still-in-recession-says-warren-buffett
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Name: Hitesh