US Economy

Despite the meteoric rise of China, the US economy still holds the crown for largest national GDP (by nominal standards). But as Chinese growth rates often exceed 6%, in the next decade they will likely surpass the US on this metric.

What’s the US economy like?

The US economy is a highly developed mixed economy, with services accounting for 80% of GDP.

As of now, the economy is also approaching full employment, with around a 96% employment rate. This in turn is putting upward pressure on inflation.

Is growth good?

While the US isn’t experiencing the growth it once knew, it is still expanding at a steady rate. The economy is strong today and has began to pick up after scraping through The Great Recession; growth this year is expected to come in somewhere between 2–3%, which is stronger than a basket of comparable economies worldwide.

It’s good news as well that the Fed is looking to wind down its balance sheet after a decade of unprecedented monetary aid in the form of quantitative easing.

With any luck, this and increasing interest rates will give the central bank some ammunition when it comes to the next recession, and the economy won’t be as damaged as post-2007 crisis.

Either way, you need to make sure your investments are on the right side. These articles can help you do that.

The Art of (Trade) War

I would love to tell you when this trade war ends. But the truth is I have no idea. What I am certain of, and I think this is even more important, are the differences between the US and China.

The Biggest Scandal in US Political History

Remember, Trump has already called for the declassification of material relating to claims that his team colluded with the Russians to influence the 2016 election. If this were really the case, why would he want to make declassified material, as well as text and email communication between key FBI investigators, public?

Why We Should Say No to the Paris Agreement

The Paris Agreement also asks developed countries to contribute to a fund to help developing nations with climate change. The fund is meant to raise an astounding $100 billion a year, but that doesn’t seem likely.

Uranium Price Forecasts See Breakout Set for 2018

This month the price of uranium reached US$27.30 a pound. Historically speaking, uranium prices have proved fickle, from its peak to trough range of US$143 May 2007 to US$7.10 in December 2000 respectively.The spot price of uranium remained relatively volatile throughout this year.
Money Morning Australia