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Money Makes the World Go 'Round: An International Comparison of Economic Health


Money Makes the World Go ‘Round: An International Comparison of Economic Health
GOBankingRates
1 day ago
© redmal / Getty Images/iStockphoto
Glass globe on variety of banknote.
For more than a century, the United States reigned supreme as the largest economy on Planet Earth.  According to the CIA World Fact Book, however, in 2014, after decades of tripling the U.S. growth rate annually, China took the reign at #1 in terms of GDP based on purchasing power parity.
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These two countries alone dominate the global economy, with a combined 34.5% of global GDP. Still, there wasn’t an economy on Earth that didn’t suffer mightily during the recession created by the coronavirus pandemic of 2020-21. Although things are slowly turning around, even the U.S. still posted a 6.0% unemployment rate as of Mar. 2021, according to the Bureau of Labor Statistics. This is well above the pre-pandemic rate of just 3.5%. ....

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9 Times Warren Buffett Predicted the Stock Market Accurately


9 Times Warren Buffett Predicted the Stock Market Accurately
By John Csiszar
of GOBankingRates
|
When Warren Buffett talks, the world listens and they should. He is, after all, one of the most successful investors of all time and the No. 4 richest person in the world. After earning more than $1 billion in 10 weeks on a bet on Chevron, Buffett briefly became one of only six people ever to grow their net worths to 12 figures, although he’s currently back down under $100 billion. He’s the CEO of Berkshire Hathaway, a holding company that Buffett runs with his investment partner, Charles Munger.
His prescient calls about stocks and the market, in general, have earned him the nickname “The Oracle of Omaha,” in honor of the Nebraska city where he resides. Buffett offered one of his most dramatic market predictions in September 2017, when he predicted that by 2117, the Dow Jones industrial average would hit 1,000,000. ....

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