Barristas, Potters, Yoga Instructors and Depression Economics

Brad de Long has a great introduction to Depression Economics here. Can't wait for lecture 3.

Global recession?

So a global recession is a near certainty as mentionned as well by the president of the San Francisco fed in her Jan 15th speech.

Wikipedia has great infos on GDP:

The definition of GDP is here.

The list of countries by GDP (PPP) is here. World GDP was ca 65tn USD in 2007.

The list of countries by GDP (nominal) is here. On this measure world GDP was ca 55tn USD in 2007. A big part of the difference between the two measures is explained by the BRIC (Brazil, Russia, India, China). For example China's nominal GDP was 3.3tn USD while measured on a PPP basis its economy is much larger at 7tn USD.

The list of countries by GDP (PPP) per capita is here

The list of countries by GDP (nominal) per capita is here

Finally this chart tells you what a revolution is really like.