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| Going beyond GDP |
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Does money buy happiness? Can wellbeing be
measured? Does growth equal progress? These
may sound like esoteric questions, but they
are at the heart of efforts to move beyond
GDP to develop more accurate ways of
measuring human development. Shot in Canada
and Europe, this clip shows how rampant
growth can lead to ruin, how disasters can be
good for the economy and how rising GDP
doesn't benefit everyone.
Download:
http://ec.europa.eu./avservices/video/video_p
rod_en.cfm?type=detail&prodid=4239&src=1
Tags : EUtube EU growth GDP progress wellbeing happiness Canada European Commission wealth money |
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Affichage : 9869
Durée : 198 s |
| Joseph Stiglitz - Problems with GDP as an Economic Barometer |
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Complete video at:
http://fora.tv/2008/02/05/Joseph_Stiglitz_Eco
nomics_of_Information
Nobel Prize-winning economist Joseph Stiglitz
proposes alternatives to Gross Domestic
Product (GDP) as a measurement of national
economic success.
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Nobel Prize-winning economist Joseph Stiglitz
("Globalization and Its Discontents") talks
about his new concept of economics, "The
Economics of Information," and his latest
book, "Making Globalization Work" - Asia
Society
Joseph Stiglitz was chief economist at the
World Bank until January 2000. Before that he
was the chairman of President Clinton's
Council of Economic Advisers. He was awarded
the Nobel Prize in economics in 2001. He is
currently a finance and economics professor
at Columbia University. He is the author of
Globalization and Its Discontents and The
Roaring Nineties.
Tags : economy economics congress bush green environment happiness workers income money recession business inequality gnp |
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Affichage : 7291
Durée : 486 s |
| 62. Trading the News - Economic Numbers - GDP Part 1 |
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http://www.informedtrades.com/
A lesson on what traders of the stock,
futures, and forex markets look for when the
Gross Domestic Product (GDP) Number is
released.
As we have learned in previous lessons there
are many components of the US Economy which
can affect overall economic growth and
inflation expectations. Some of the major
examples here are how many people are
employed in the economy vs. unemployed, how
much the housing market is growing in
different parts of the country, and at what
rate the prices for different products in the
economy are seeing increases.
As all of these things are so important to
the economy and therefore to the markets,
there are no shortage of economic reports
which are released to try and help people
gauge how things are going with different
pieces of the economy. It is important for
us as traders to understand the major reports
here as even if we are trading off of
technicals, understanding what is happening
in the market from a fundamental standpoint
can help establish a longer term bias for
trading. In the short term an understanding
of these numbers will also help to assess the
erratic and sometimes extreme movements which
can occur after economic releases.
The granddaddy of all economic reports is the
release of the Gross Domestic Product (GDP)
number for the economy. The Gross Domestic
Product for the US or any other country is
the final value of all the goods and services
produced in that economy. Essentially what
you get after calculating GDP by adding up
the value of all goods and services produced
in the economy is a measure of the size of
the overall economy. It is for this reason
that market participants will watch the GDP
number closely as the rate of growth in this
number represents the rate of growth in the
overall economy.
As a side note here, GDP also allows a
comparison to be made of the sizes of
different economies from around the world, as
well as their growth rates. To give you an
idea of just how large the US Economy is,
2007 GDP for the United States was estimated
at 13.7 Trillion dollars. This is in
comparison to the next largest economy in the
world, Japan which has a GDP of under 5
Trillion Dollars.
Quarterly estimates of GDP are released each
month with Advance Estimates which are
incomplete and subject to further revision
being released near the end of the first
month after the end of the quarter being
reported. In the second month after the end
of the quarter being reported preliminary
numbers (which basically means more accurate
than advanced) normally are released and then
finally the final GDP number is released at
the end of the 3rd month after the end of the
quarter being reported on.
Traders are going to focus heavily on the
growth rate released in the Advanced number
and markets will also move on any significant
revisions made in the preliminary and final
GDP numbers.
Tags : howto trade GDP Gross Domestic Product economy fundamental analysis investing forex futures stockmarket informedtrades |
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Affichage : 2892
Durée : 438 s |
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