Posts Tagged ‘GDP’

  • The Washing Machine Empowered Women.

    The GDP and Happiness

    Jun 9, 10 • 205 Views • No Comments

    Yesterday’s post about the impact of individual wealth on happiness started me wondering about flush toilets, washing machines, and cars. As our nation became wealthier and produced more goods and services, how did that affect our happiness? To get some...  [read more]

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    A Closer Look At Consumer Spending

    May 5, 10 • 335 Views • No Comments

    We always hear reporters saying that, “Consumer spending makes up more than 70% of the economy…” Mike Mandel, former chief economist at Newsweek, believes the reporters are misleading us. Yes, the consumer component of GDP is 70% of all...  [read more]

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    Is It Over?

    Apr 14, 10 • 309 Views • No Comments

    Imagine a “u” attached to a slightly (or considerably) higher upside down “u” and you are looking at 2 business cycles. A business cycle includes a peak, a contraction, a trough, and an expansion. Most people think that this...  [read more]

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    The Economic Significance of BRIs

    Mar 7, 10 • 225 Views • No Comments

    When slicing a bagel, most people use a knife.  Others prefer the bagel guillotine or the Brooklyn Bagel Slicer.  With annual sales near 80,000, the bagel guillotine has been described as “history’s most successful bagel-controlling...  [read more]

  • PIIGS at the Trough

    Feb 9, 10 • 244 Views • No Comments

    Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said that debt was good. Each realized that using someone else...  [read more]