Global economy

The Next Financial Crisis Is Not So Far

After 2008 crisis, exponential growth peaked in financial markets. S&P 500 Index, Dow Jones Industrial Average, NASDAQ Composite, FTSE 100 Index rose dramatically. It seems like this is a bubble and will burst and cause a new financial crisis and I think it is not so far. “The “perpetual money machine” will suddenly broke. I made a research and found that graphs are so similar just before Great Recession and at some point, early 2000 recession.

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Why Students Should Study Economics?

Financial aspects is the investigation of how social orders, governments, organizations, families, and people assign their rare resources. Our discipline has two important features. First, we create reasonable models of conduct to anticipate reactions to changes in arrangement and economic situations. Second, we utilize thorough measurable examination to research these progressions.

Market analysts are understood for exhorting the president and congress on monetary issues, detailing arrangements at the Federal Reserve Bank, and breaking down financial conditions for speculation banks, financier houses, land organizations, and other private segment organizations. They likewise add to the improvement of numerous other open strategies including human services, welfare, and school change and endeavors to lessen disparity, contamination and wrongdoing.

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Most peaceful countries in the world

Global peace index world map

The Global Peace Index, issued by the Institute for Economics and Peace, ranks 162 independent states covering 99.6% of the world’s population.

The 10 most peaceful countries

New Zealand
Czech Republic

The 10 least peaceful countries

South Sudan
Central African Republic
DR Congo
North Korea

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TOP 5 largest economies in the world


China was recognized as the world’s second-largest economy after the United States.

1. USA – GDP $17.5 trillion

The USA has secured its status as the world’s most powerful economy, a position it is predicted to hold for the next decade.

For at least almost a century now, the United States has consistently ranked as the biggest national economy in the world.

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What is Economic Development?

No single definition incorporates all of the different strands of economic development. Typically economic  development can be described in terms of objectives. These are most commonly described as the creation of jobs and wealth, and the improvement of quality of life.

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The end of the United States of America


The USA is the most powerful country in the world today. The largest economy, the powerful military forces and the largest number of people suffering from obesity. The United States dollar is the number one currency worldwide. We`re being told this every day. We here far less about the fact that the United States of America is totally bankrupt. The official national debt of the United States amounts to over 15.5 trillion dollars. Some experts estimate the total United States debt is over 100 trillion dollars. Every hour United States government borrows $168,000,000. In 2012, the US government plans to borrow almost half of all budget expenditures $1,600,000,000 000. That kind of debt cannot be paid. The question of repayment isn`t even a matter of discussion.

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The Russian economy is going down

While Putin creates a nightmare in Ukraine, at least Russian economy continues to go to crap.

This is the message from the latest manufacturing PMI report for March, which shows continued shrinkage in the sector.

Just pay attention this commentary from HSBC’s chief economist for Russia:

“Business activity in manufacturing kept deteriorating at a marginally faster rate, the March HSBC Russia Manufacturing PMI survey revealed. As before, the deterioration was broad-based, reflected in all key business activity indexes. Notably, export demand shrank at the fastest rate since 2009. As a lead indicator, export demand predicts the likely continuation of contraction in manufacturing in the coming months. Structurally, growth in new demand and output was seen only in the consumer goods sector. At the same time, this sector has sharply increased its inventories, which is a negative signal for future business activity.

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