I know that will disappoint many "bears" here, but it is a fact according to advance estimates released January 30 by the Bureau of Economic Analysis. Real GDP increased 2.2 percent in 2007 compared with an increase of 2.9 percent in 2006. Real gross domestic product – the output of goods and services produced by labor and property located in the United States – increased at an annual rate of 0.6 percent in the fourth quarter of 2007, In the third quarter, real GDP increased 4.9 percent. Though the economy is slowing, as has been widely predicted, it is still growing; and that means a recession is not "in the works," as our Chicken Little's keep stating--incorrectly. Since GDP has to actually decrease for two consecutive quarters (six months in a row) in order to say we are in recession, we are NOT NOW nor are we likely to be for the foreseeable future in a recession. I just hope the bear's among us will dial it down and give us all a break for the next six months--though I won't hold my breath for that to happen.
As soon as I see the actual economy growing, foreclosures down, bankruptcies down, housing glut down, median income UP above COLA, manufacturing facilities UP in the US then I will start seeing a good economy.
What I see now is an economy PROPPED UP by high energy and food costs, War costs, $5Trillion in Deficit Spending and a FED that is bailing out it's buddies in the Financial sector as fast as it can print new money.
You want to see that as a "good" economy, shine up those rose tinted glasses and rock on.
As soon as I see the actual economy growing, foreclosures down, bankruptcies down, housing glut down, median income UP above COLA, manufacturing facilities UP in the US then I will start seeing a good economy.
What I see now is an economy PROPPED UP by high energy and food costs, War costs, $5Trillion in Deficit Spending and a FED that is bailing out it's buddies in the Financial sector as fast as it can print new money.
You want to see that as a "good" economy, shine up those rose tinted glasses and rock on.
Anyone can find weak spots; even in a booming economy. As you yourself keep saying there are many sectors and sub-sectors of the economy. You seem to spend all your time searching out those that have any hint of a downturn.
Anyone can find weak spots; even in a booming economy. As you yourself keep saying there are many sectors and sub-sectors of the economy. You seem to spend all your time searching out those that have any hint of a downturn.
HINT??????
So please show me those sectors that are showing a "HINT" of a strong spot. Those sectors that are trending up. Those sectors that have been trending up for the past 3 years.
So please show me those sectors that are showing a "HINT" of a strong spot. Those sectors that are trending up. Those sectors that have been trending up for the past 3 years.
I will help you out. ENERGY.
More, pure, Bear Shit... "...trending up for the past 3 years???" Nothing "trends up for 3 years!"
More, pure, Bear Shit... "...trending up for the past 3 years???" Nothing "trends up for 3 years!"
Deficit Spending has trended UP for 7 years.
The Trade Deficit has trended UP for 7 years.
Gas Prices have trended UP for 7 years.
Inflation has trended UP for 7 years.
The Energy Sector has trended UP for 7 years.
Food prices have trended UP for 7 years.
The only people I know right now who are doing better are in the oil and gas business in some way. All the others and I do mean ALL of them are doing far worse due to inflation. This is across all income brackets. Numbers be damned.
Deficit Spending has trended UP for 7 years.
The Trade Deficit has trended UP for 7 years.
Gas Prices have trended UP for 7 years.
Inflation has trended UP for 7 years.
The Energy Sector has trended UP for 7 years.
Food prices have trended UP for 7 years.
But for the sake of discussion, 18 months.
The energy / food sectors are parts of the economy too.
Doesn't the high food prices benefit the rich farmers ?
Linear Mode
