Skip to comments.What's making US economy a world beater? 5 factors (Must Read)
Posted on 07/07/2014 1:09:53 AM PDT by Java4Jay
How does the U.S. economy do it? Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Yet the U.S. job market is humming, and the pace of economic growth is steadily rising.
(Excerpt) Read more at news.yahoo.com ...
Even this broker is laughing
I read this and shuddered at thoughts of Orwell
We do it with fake numbers!
Weighed down by debt, many European countries took an ax to swelling budget deficits. They slashed pension benefits, raised taxes and cut civil servants' wages. The cuts devastated several European economies. They led to 27 percent unemployment in Greece, 14 percent in Portugal and 25 percent in Spain. The United States has done some budget cutting, too, and raised taxes. But U.S. austerity hasn't been anywhere near as harsh.
this is “humming”
what utter nonsense
Total crap. 500,000 people lost their full time jobs in a month, and 799,000 gained part time jobs (and judging by the sector gains they’re mostly low-skill jobs). Equals about 288,000.
“What’s making US economy a world beater?”
“After having shrunk at a 2.9 percent annual rate from January through March”
In Britain, the word ‘hum’ can be used as a synonym for ‘stink’, maybe he’s British?
I think in economic terms, ‘Europe’ is too broad a term to use. Britain’s economy has been growing at a faster rate in recent months than the US economy (2.5% compared to 2.0%) and certainly more than the Eurozone, which has grown by less than 1% so far this year (thank God we never joined the Euro).
All those other countries need is a media that will go to any extreme to prop up incompetence, corruption and deception, and they could be just like us.
One of the thousand + comments was something to the effect that the reader “couldn’t believe they could collect so much manure on one page.”
I think it is the fiscal equivalent of what the porn industry calls “fluffing.”
Not exactly. Fluffing actually has an effect...
Well, true, but the ‘act’ is the same in my book, real effect or not. :o) I’m sticking with Fiscal Fluffing.
So that makes Yahoo and the NYT “fiscal fluff girls”! ;-P
Yep.....but better paid, I’d guess.
“Its an election year and the Democrats at Yahoo! know what is as stake. Expect gold bars to be flying into peoples bank accounts according to the news sources the closer we get to November. And a rainbow made of Skittles. With unicorns.”
That’s right; people in each region will simply assume the prosperity they don’t see around them is happening somewhere else.
It worked to re-elect the Kenyan Pirate...
Not too many people seem like they are buying this ponzi scheme anymore. The gig is up for the 1% and elites.
Budget cutting? Seriously?
Think barter and trade my friend, forget full time work, there are plenty of opportunities to work in exchange for items or trade of time for time.
Let’s say you are a plumber, do you or your family ever need dental work done? Are there any dentist in your area in deed of plumbing work, all of his equipment works off of compressed air running thru, you guessed it copper plumbing.
Are you a good hunter? Feel like doing a little out of season deer hunting? Meat is at all time highs, a rear quarter of venison, bone in, is going for $3.50 a pound cash money, in Maine, probably more where you are.
Mechanics are in real demand, as are tutors who are politically incorrect and able to teach real history, real science, real anything.
George C. Scott as Patton...
All that anyone needs to know about the economy in one graph:
The velocity of M2 Money stock