WNY Economic News

Fresh data seem to suggest the U.S. economy is revving up , with growth rising at its fastest pace in two years. A budget deficit can go into millions and billions of pounds and the current Uk deficit is £1 trillion pounds and increasing, this may show signs of less tax being received and could mean that there is not enough actual economic growth as there could be a higher rate of unemployment or businesses becoming bankrupt, and an increase in government spending could be signs of an economy trying to come out of a recession by stimulating actual economic growth.Economic News

Wherever possible the Chinese will purchase home grown products, which means that revenues stay within Chinese borders as much as possible, but at this stage of its economic story there are still a number of products that are produced elsewhere, such as the US that are not available in China.Economic News

With thousands of economic news reports in almost every type of media, it is sometimes hard to discern what to read or what to put an interest in. But forex traders should know that there is actually just a handful of information that they need to know in order to trade effectively.Economic News

His 2014 book Capital in the Twenty-First Century carries a plain message: when the rate of return on capital is greater than economic growth, inequalities in wealth go on expanding, wrecking any principles of meritocracy, and leading eventually to social disruption (his Lateline interview with Emma Alberici conveys his main warnings on inequality).

Although the overall message we relay here isn’t very optimistic, everything is cyclical, and there will be more prosperous times after the coming financial catastrophe we speak of. We believe that the U.S. won’t cease to exist for at least another 200 years, and the U.S. will likely shock many with its resiliency and subsequent economic triumphs.