Economy

Each year we score countries on how corrupt their public sectors are seen to be by capturing the informed views of analysts, business people and experts in countries around the world. The resultant Corruption Perceptions Index sends a powerful message and governments have been forced to take notice and act. How does your country score?

The Institute for Economics and Peace, an Australian nonprofit think tank, calculates that the worldwide economic cost of terrorism was $52.9 billion in 2014, an all-time peak. After what happened last week in Paris and is currently ongoing in Brussels you can bet the cost will go much higher.

Sadly, the fiscal and monetary conditions for global economic chaos have now been set in stone. It’s only a matter of time and, unfortunately, that time is short.

Who is going to pull the global economy out of its funk? No one knows, but it’s not going to be China – regardless of how many more times the central bank is going to tweak its policies and cut interest rates. That’s what China’s trade fiasco is saying.

There have been reports of Westerners eating at a decent restaurant, a hotel room, and hiring a prostitute all for under $5US. In other words, the Venezuelan economy has utterly ceased to function, except through black market transactions involving dollars.

Canada's economy is suffering badly and could well be sliding from its current state of recession into outright depression due to the following 6 factors:

We believe, more than ever, in the inevitability of an economic collapse sometime around October as a number of black swans on the wing head our way. Let me explain why that is likely the case.

Future business activity will reflect the over-indebted state of the U.S. economy and the world & the inability of the Federal Reserve to initiate policies to promote growth in this environment. If that’s not a pithy, spot-on summary of our sorry situation, I don’t know what is! The details are provided within.

Today’s infographic looks at where GDP growth will come from in the next 15 and 30 years...(the Asia-Pacific region, which currently makes up only 4.8% of the world’s middle-class spending, will balloon to become the biggest spender by far in 2030 at 32.6%, while North America, by comparison, will only increase from 5.5% to 5.8% during that period) and population and life expectancy projections for 32 countries. What does the future hold for your country?

This article looks at U.S. GDP, the federal minimum wage, the average hourly wage and the adjusted monetary base in terms of the price of gold. It reveals what the situation really looks like - and it is not a pretty sight.