Petroleum is the most common import in all of America and the most popular import in 12 states. Let's see what the other top US exports and imports are on a state by state level.
As a stagflationary environment transitions into what could soon be a global depression, global central banks are frantically raising interest rates to contain inflation. But amidst all this, Saudi Arabia still has plans to construct the largest buildings ever.
According to Bloomberg's Sovereign Debt Vulnerability Ranking, here is the list of countries with the highest default risk.
Using data from the Bureau of Economic Analysis, Govind Bhutada of Visual Capitalist has visualized US GDP by industry in 2023.
The largest GDP in the world...
Credit Suisse shares fell five percent to an all-time low in early trading and in Europe on Tuesday after the bank confirmed material weaknesses and an $8billion loss in 2022, just hours after a financial expert claimed it would be the next institution to fall following SVB.
India has overtook UK to become the fifth biggest economy in the world. Furthermore, the IMF has predicted that this will become the new normal, with India set to overtake the UK up until 2027, becoming the fourth-largest economy in the world while the UK falls to sixth.
Mark Zandi, chief economist at Moody’s Analytics, said that if the US defaults on its debt, no corner of the global economy will be spared.
If the debt crisis roiling Washington were eventually to...
Earlier, GreatGameIndia reported how a Black Swan event could trigger $100 billion capital outflows from India. Now, we see that India's biggest ever IPO of LIC has incurred a loss of over $18 billion.
The average card-carrying Austrian would say that the Federal Reserve is creating money by the bale, with evidence being Consumer Price Index prints of 8.6 percent per the Bureau of Labor Statistics or over 15 percent per John Williams’s shadowstats.com computation based on the way the government calculated CPI back in 1980. Surely, at best, the US dollar is only the cleanest dirty shirt in the currency laundry basket.
The US national debt will balloon by nearly $20 trillion over the next decade under the spending outlined in President Biden’s $6.9 trillion budget proposal released on Thursday.
