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U.S. Productivity Advances Solidly
Global Politician ^ | 3/14/2007 | Prof. Peter Morici

Posted on 03/21/2007 8:48:48 AM PDT by stinkerpot65

The U.S. economy continues to bang out new products and more efficient methods for making goods and services. Little good evidence has been offered to explain why the process of accelerated innovation that began in the 1990s should dissipate now. Productivity will continue to surge in the months ahead. Coupled with a one percent annual growth in the labor force, the economy can grow 3 percent a year with the right mix of fiscal and monetary policies.

Overall, corporate profits in 2007 will be better than expected, and the stock market should soon regain its footing.

The recent shocks from Asia will pass, and U.S. stocks will regain lost ground and finish up in 2007.

(Excerpt) Read more at globalpolitician.com ...


TOPICS: Business/Economy
KEYWORDS: economy; productivity
For the Chicken Little crowd ...
1 posted on 03/21/2007 8:48:49 AM PDT by stinkerpot65
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To: stinkerpot65

Bush's fault.


2 posted on 03/21/2007 9:23:06 AM PDT by pissant (http://www.gohunter08.com/)
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