Does under $30 oil hurt the Russian economy? Maybe... The Russian economy in theory at least should always be in pretty good shape, mainly due to the considerable reserves of crude oil and other mineral resources. Russia was less affected than many other national economies by the global depression, which began in 2008. However Russian economy news is full of suggestions that Russia's poor relations with other countries … [Read more...]
Archives for January 2016
There are 3 reasons Social Security Will Never Go Bankrupt
Do you really think Social Security is going bankrupt? Think again - Social Security is here to say... in one for another. They say Social Security could go Bankrupt- But that's not Possible. One of the most illogical scenarios is for Social Security to go bankrupt. Running out of money is not possible for this fund; it can be eliminated or suspended but not penniless. The way Social Security is set up- an immediate … [Read more...]
What is GDP and Why Should It Matter to you?
Have you ever wondered what is GDP? The GDP definition is the monetary value of all the finished goods and services produced within a country within a period usually one year. What might be a better question is what is GDP used for. GDP statistics is useful to a country in indicating the level of the living standard, in comparing the performances of different economies at a given time. GDP is not a comprehensive … [Read more...]
The 10 Richest People in the World and How They Did It!
The richest people in the world all have one thing in common. They are Billionaires. That's right the top 10 richest people in the world are all Billionaires. How many zeros are in a billion dollars? - 1,000,000,000 = 9 zeros. The billionaires identified below have achieved their 9 zeros and they continue to add to it. The 2015 top 10 wealthiest individuals, covers the gamut of entrepreneurs who have attributed to the … [Read more...]
The China Economy - A Juggernaut or Flash in the Pan
The China Economy Explained Some people think that China's march to economic world domination is inevitable. However, this may not be the case as the economy of China is resting on shifting sands that if the central government loses control for an instant the house of cards could come tumbling down and then China will face a depression the likes of which has never been seen before in the history of the world. In this … [Read more...]
Inflation Definition and What It Means For Your Money The definition of inflation is most frequently described as the increase in the prices charged for goods and services. To be more precise, this affects the price of these goods or services, but not in a good way. Further more, inflation is also the word used to describe the increases in the over all cost of living in any single economy during a set amount of … [Read more...]