The Correlation between Minimum Wage and Economic Strength in North America
In North America, the correlation between economic strength and minimum wage is strong. Only two countries on the continent have an annual minimum wage of over 15,000 international dollars, Canada and the United States. All other countries' annual minimum wage is below 9,000 international dollars.
Treasury Rate Movements, August 2017
Short-term rates paused their steady rise in August but medium and long-term rates began to fall. The yield curve continues to shrink but it only indicates a recession if it shrinks from the bottom up. The upward tick in the short-term maturities' rates pause is promising as it is a decent indicator that a recession is not on the horizon. All rates fell in August with the exception of the one-year note which rose slightly.
The Correlation between Shadow Economies and Economic Strength Worldwide
The correlation between economic strength and the strength of the shadow economy is moderate. Europe and Asia have the countries with the highest per capita GDP PPP while all continents except for Oceania have nations whose shadow economies make up more than half of their overall economies.
The Correlation between Shadow Economies and Economic Strength in Oceania
In Oceania, the correlation between economic strength and the strength of the shadow economy is pretty strong. Every country studied on the continent - excluding Papua New Guinea - has a shadow economy that takes up at most one-third of its overall economy.
The Correlation between Shadow Economies and Economic Strength in Africa
In Africa, the correlation between economic strength and the strength of the shadow economy is pretty strong. Crime certainly doesn't pay, it seems.
The Correlation between Shadow Economies and Economic Strength in Asia
In Asia, the correlation between economic strength and the strength of the shadow economy is pretty weak. Every country studied on the continent - excluding Thailand and Georgia - has a shadow economy that takes up at most one-half of its overall economy.
The Correlation between Shadow Economies and Economic Strength in Europe
In Europe, the correlation between economic strength and the strength of the shadow economy is pretty strong. Every country studied on the continent - excluding Albania, Bulgaria, and Ukraine - has a shadow economy that takes up at most one-third of its overall economy.
The Correlation between Shadow Economies and Economic Strength in South America
In South America, the correlation between economic strength and the strength of the shadow economy is pretty weak. Every country studied on the continent, excluding Chile, has a shadow economy that takes up at least one-fifth of its overall economy.
The Correlation between Shadow Economies and Economic Strength in North America
In North America, the indirect correlation between economic strength and the strength of the shadow economy is very strong. The United States and Canada have by far the largest economies and the smallest proportion of underground activity.
Treasury Rate Movements, July 2017
The month of July found short-term maturities' rates continuing their upward trend that started earlier in the year. Long-term maturities' rates have leveled off after dropping slightly earlier in the year. The upward tick in the short-term maturities' rates is troubling as it is a decent indicator of an ensuing recession. Only three out of eleven previous upticks in short-term rates have not led to an inversion of the yield curve.
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