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Which economic profit definition does the US use?

FourFourSeconds ago, the Federal Reserve published its quarterly economic report, which is published every month.This year, the Fed published a second report, a new report titled “The Economic Value of Working,” which is based on its analysis of economic trends over time and is updated every quarter.In this second report from the Bureau of Economic

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How to spot a bubble

With a massive debt bubble and soaring stock market, a major global financial crisis is looming.This week, the European Central Bank warned of an impending “catastrophic” crisis, and China’s central bank said it would take drastic measures if necessary.In the meantime, the world economy has begun to rebound.The Dow Jones Industrial Average has risen nearly

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What is a recession?

The UK is in its third recession since the global financial crisis of 2008, with the economy shrinking by 1.2 per cent last month and the unemployment rate rising to 12.4 per cent.It has also become the world’s fifth-largest economy.Key points: Unemployment rate has risen to 12 per cent, up from 11.4% a year ago.The