Below are some of the companies, which are planning to come up with an IPO. It also gives you information about the latest news from across the globe including the likely US recession in 2008, sub prime mortgages and so on;
GDP or Gross Domestic Product are goods/services produced in a year and are an accepted indicator of the economic health but they distort the real picture of the economy, that is it makes no difference between mere money involved in gambling or car production.
It is an abstract figure to judge the economic progress and an indicator of economic health of any country. But, it makes no distinction between unproductive money as opposed to wealth creating options. Thus, GDP is kind of a misleading economic indicator, but still most people continue to use it as to judge economic progress. It should be ignored as it distorts the true condition of our economy.
Sunday, January 13, 2008
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