The richest countries in the world must have either a small population combined with a very wealthy ruling class, or a large middle class and a wealthy top tier. See who makes 24/7 Wall Street’s list of the top 10 wealthiest na…
China increased reserve requirements at banks in a bid to control inflation and head off a potential credit bubble.
State-owned banks must set aside an extra 0.5% of deposits as reserves, starting Nov. 29. That means some lenders could be setting asi…
On Thursday, stocks clawed back nearly of the week’s prior losses. Lifting investors’ spirits were an easing of concerns over Irish debt, GM’s massive IPO and some surprisingly positive economic reports.
Contin…
The Organization for Economic Cooperation and Development cut its economic growth outlook for 2011, forecasting a “softspot” as governments withdraw stimulus packages. It now expects a 4.2% growth rate, compared with a previous…
While everyone hates inflation, deflation has instant emotional appeal: Who doesn’t like a bargain? But deflation is a far more serious economic problem than inflation — and, as we found, most folks don’t really know why. Do you? If not, no worries: Economist Gary Shilling will explain the reasoning. [Video]
Continue reading Street Smart: Do You Know What Deflation Is? [Video]
Street Smart: Do You Know What Deflation Is? [Video] originally appeared on DailyFinance on Wed, 17 Nov 2010 12:00:00.
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