Global economy

The Next Financial Crisis Is Not So Far TAGS: | | | | |

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.

Photos below illustrate correlations among daily high prices, standard deviations and forecast prices. Price versus time

FTSE historical chart

Another symptom of financial crisis is LIBOR rate. LIBOR rate is moderately rising.

Unemployment is the United States of America is between 4-5% which is almost the same just before 2008 crisis.

UK unemployment rate is also similar to 2007-2008.

As well as, EU unemployment rate.

In conclusion, there are a number of potential triggers to a new crisis. Equity prices, Brexit, US Presidential Elections, slowing down of Chinese economy and some overvalued rates. Maybe one of these reasons will trigger a new financial crisis.

Most peaceful countries in the world TAGS: | | |

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

Iceland
Denmark
Austria
New Zealand
Switzerland
Finland
Canada
Japan
Australia
Czech Republic

The 10 least peaceful countries

Syria
Iraq
Afghanistan
South Sudan
Central African Republic
Somalia
Sudan
DR Congo
Pakistan
North Korea

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USA China economy, economic powers

TOP 5 largest economies in the world TAGS: | | | | | | |

usa-china

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? TAGS: | | |

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 TAGS: | | | |

debt

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 TAGS: | | | | | | | |

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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Culture is central conservative truth

The central conservative truth is that is culture, not politics, that determines the success of a society. The central liberal truth is that politics can change a culture and save it from itself.

Daniel Patrick Moynihan

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