Results

This map is a convenient way of looking at the various levels of GDP of each US State. It also puts many country GDP’s into perspective.
We must remind you, however, that these only measure overall GDP levels. They do not show the GDP per capita (or how rich each person would be in each state). [...]

Live in Italy. That’s the short answer.
Italy has an untaxed (read contraband; black and gray market) economy that equals the combined gross domestic products of Finland, Portugal, Romania and Hungary. According to Italy’s tax revenues, 25% of the country makes less than € 6,000 per year, and 95% make less than € 40,000. Restaurant owners [...]

If you haven’t been able to wrap your head around this whole ’sub-prime mortgage crisis,’ here’s an easy to understand slide show on what basically went down. It’s nothing new but we felt the need to share it once more just to make sure everyone was aware of it’s existence. It’s also one of [...]

Has Ben Bernanke found the perfect method for fighting inflation?
It seems like the Fed has become the lender of last resort for goods other than money. At the Federal Reserve meeting this morning at 8 am, Ben Bernanke announced:
“With discount rates at a recent low, being unable to increase banks’ reserve accounts and having [...]

Are we in a Banana? Or maybe it’s a Pickle? Perhaps it was an Elephant?
What in the world are we talking about?
According to our sources at the Federal Reserve, employees there are not allowed to use the word ‘recession’ to identify what is commonly known in economics as a recession. Employees instead have to [...]