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...]
Is The Keystone Pipeline The Answer To United States Energy?
Let's talk about the logistics and importance of the Keystone Pipeline Oil is very important in our day- to-day life. All people all over the world depend on oil products mainly for energy production and other uses. To enhance accessibility to this important natural resource, an efficient transportation system needs to be put in place. That is why US and Canada have a outstanding transportation system, famously referred … [Read more...]
What is PMI and Why Do We Need It?
What is PMI? Private Mortgage Insurance There is a line on homeowner's mortgage statements, entitled “PMI.” PMI stands for “private mortgage insurance” and it can cost between $50 to $200+ per month. However, this will depend on the buyer's loan balance and the homeowner's PMI rate. PMI has the word “private” in its name because it is only offered to private companies and not government agencies or public mortgage … [Read more...]
Algorithmic Trading For Profit
What is Algorithmic Trading? Algorithmic trading has been known as "algo trading" and "blackbox trading" and includes trading systems that use complex mathematical formulas with the use of high-speed computers determining which trading strategies to use. A trading order is entered with a stock trading algorithm that will set off pre-programmed instructions that will account for a set of variables. This strategy is used … [Read more...]
Hyperinflation Is A Wealth Killer
Hyperinflation Is Really Bad Let's start off talking about regular old inflation. They we'll get in to hyperinflation and why it is a wealth killer. Inflation is basically the rise in prices of products and services of an economy with a result in reduced value of the widely accepted currency in that economy. Although it may sound like a bad thing, inflation has economic benefits and is also a determinant in the … [Read more...]
The Great Oil Sands Debate
How Important Are Oil Sands To The United States? One of the most controversial items on the national agenda is the issue of Canadian Oil Sands. Most people are aware of the traditional methods of getting oil. You drill a well and pump the oil up out of the ground and ship it off to be processed into gasoline and other products that make up our world of the 21st century, like plastics and synthetic fibers for clothing … [Read more...]
Is Oil Fracking Here To Stay?
What is Oil Fracking? Oil fracking is a widely used process for extracting oil and gas from the ground, or often from underneath it. Fracking for oil has become a widespread practice especially within the United States of America. Fracking can and is used to extract other things from beneath the surface of the Earth. Generally the nearer something is to the surface then the cheaper it should be to extract, although that … [Read more...]