GDP

Trade Deficit Soars Over $100 Billion for the First Time Ever

The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion as prices of oil and imported products rose due to soaring inflation, according to data released Friday by the Census Bureau and the Bureau of Economic Analysis.

Specter of Stagflation Arrives for National Small Business Week

Just in time for National Small Business Week, stagflation is arriving.

Excessive Government Spending Is Dragging Down the American Economy, Analysts Say

A year ago, President Joe Biden was riding the polls with a 59 percent approval rating having just signed what he called the “American Rescue Plan”...

U.S. Economy Shrinks by 1.4%: Recession Fears

Inflation at 40-year high.

Global Military Spending Breaks Record

The military spending of all nations combined set a new record in 2021, exceeding the $2 trillion mark for the first time ever, the Stockholm International Peace Research Institute (SIPRI) revealed in a report published on Monday.

Financial Markets Brace for Stagflation as Global Growth Optimism Sinks

Waning optimism over global economic growth prospects and rising stagflation fears have prompted investors to seek shelter in investment hedges.

Anti-lockdown States Performed Better Overall During the Pandemic

Thinktank finds states that resisted the stricter COVID-related lockdown measures appear to have faired better overall during an assessment of pandemic-related detriments.

Good Luck Buying That House

Oh, you want to buy a house? The bad news is that right now, you would pay a historically high price for a home, and as of today, you’d also hand over more money in interest for the privilege to do so — a whopping 5 percent, on average.

China to Increase Military Spending in 2022

China is expected to increase spending on its defense budget in 2022.

World Economic Forum Pushes for ‘Global Economy’ Modeled After China

"Great Reset"-pushing World Economic Forum praises China's "advanced" economy and its "promising forecasts."

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