Economic and Financial Collapse in 2019

 

For Education Only

 

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The video published in November 2018 presents 10 leading economic indicators most people can understand.  The economy was contracting toward a recession in 2019.  External shocks to the economy, like terrorism in America on September 11, 2001, may render leading economic indicators ineffective.

Economic and financial experts are discussing — in October 2019 — the possibility of a biblical stock market crash in America in 2019.   How is the global economy, especially the US economy?  Is there a strong possibility of external shocks to the economy?

 

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Gross domestic product (GDP) is one of the most common indicators used to track the health of a nation’s economy.  It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy.  The GDP rose 5.2% in 2018, 3.1% in the first quarter of 2019 and 2.0 in the second quarter of 2019.

The video explains very well the concepts of economic recession and crash, and economic expansion. Expansion and contraction business cycles of the U.S. economy averaged 38.7 months in expansion and 17.5 months in contraction between 1854 and 2009.

The business cycle describes the rise and fall in production output of goods and services in an economy. Business cycles are generally measured using the rise and fall in the real gross domestic product (GDP) or the GDP adjusted for inflation. The business cycle should not be confused with market cycles, which are measured using broad stock market indices.

The U.S. is officially in its longest expansion, breaking the record of 120 months of economic growth from March 1991 to March 2001, according to the National Bureau of Economic Research.

 

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