betekenis van het woord GDP

Total World Debt Load at 313% of GDP

$223.3 trillion: The total indebtedness of the world, including all parts of the public and private sectors, amounting to 313% of global gross domestic product.

VS schuldenratio naar 105%

Now that we have the first estimate of Q1 GDP growth in both rate of change and absolute current dollar terms ($16,010 billion), we can finally assign the appropriate debt number, which we know on a daily basis and which was $16,771.4 billion as of March 31, to the growth number. The end result: as of March 31, 2013, the US debt/GDP was 104.8%, up from 103% as of December 31, 2012 or a debt growth rate that would make the most insolvent Eurozone nation blush. There was a time when people were concerned about this unsustainable trajectory, but then there was an infamous excel error, and now nobody cares anymore.

Nieuwe rekenmethode: Amerikaanse economie 3% groter!

De Amerikaanse economie zal vanaf juli opeens 3% groter zijn, omdat een nieuwe berekening van het GDP cijfer ook rekening zal houden met R&D en royalties van bedrijven en de waarde van artistieke werken als films en televisieprogramma's. Ook wordt pensioenvermogen anders berekend.

Daar gaan we: Cyprus verkoopt het goud

Ever since Cyprus hit the headlines, Slovenia has been close behind. Another small European nation with a banking system that dwarfs its GDP (though not on the scale of Cyprus). However, as we noted previously, it is not the size that matters, it is the precedent. The European leadership are desperate for the 'template' used in Cyprus - of haircutting all the way through the capital structure - not be used in Slovenia for fear the real world will see through their jawboning facade.

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Spanje: 2564 bedrijven bankroet in Q1 - 45% meer dan vorig jaar

Perhaps the best measure to gauge the European recovery is by the soaring number of companies going bust, because only from this perspective is Europe finally "fixed." As Reuters reports citing a report by Axesor, a record 2,564 companies filed for "insolvency proceedings", a more palatable version of the word bankruptcy, in the first quarter - an increase of 10% from Q4 and up a whopping 45% from Q1 2012. The reasons given: "tight credit conditions and meager demand." Or in other words: no actual cash flow to fund demand for products and services. Obviously it will take some truly phenomenal massaging and manipulation to represent GDP as rising in this environment, but we are confident the Spanish authorities are already on it, and somehow the Spanish pension fund, already 97% filled with Spanish government bonds, will somehow have a finger in yet another completely unbelievable economic print which will fool most of the algos most of the time on flashing red Bloomberg headlines.