Thread: The strongest economy in the world

"The American economy is the strongest in the world and growing faster than that of any other major industrialized country. It grew at an annual rate of 5.3 percent in the first quarter -- the fastest growth in 2 1/2 years. It has added more than 5.3 million jobs since the summer of 2003, and employment is near an all-time high. The unemployment rate (4.6 percent) is well below the average for each of the past four decades. Mortgage rates remain near historical lows, homeownership remains near a record high, and sales of new and existing homes reached record levels in 2005. Real disposable personal income has risen almost 13 percent since President Bush took office; and core inflation rose just 2.3 percent over the past 12 months. The Dow Jones industrial average has risen from under 7300 in 2002 to above 11,000 for most of this year. Tax revenues are at an all-time high -- and so is total household net worth."

And that is not the only good thing to be said about the good ole USA. More here:

http://www.washingtonpost.com/wp-dyn...060400781.html

now your just trolling!

Sometimes I troll kingwilly. But this isn't one of them.

Originally Posted by Storekeeper

Sometimes I troll kingwilly. But this isn't one of them.

that,s a load of bollocks .
look at the growth economy in china and india .

dream on

U nclee
S ams
D emise

well you gotta be kidding then - the USA ecomomy has been running on over drive for a number of years now, the dollar is due for a sharp correction, the size of the foreign debt is ballooning,

theres no way i woudl put money into dollars at this moment in time.....

and the washington post as a source .... hardly objective...

The lower the dollar is the better it is for the US economy. It sucks for people like me ...

agreed - in the short term - but the reality is if the dollar dives - then much of the rest of the world will get dragged into the mess ala asian 1997 meltdown.

it ends up being bad news for all of us...

I think you're on the right track. And the US economy may have some problems around the corner. But in the last decade and up until to date ... it's just percolating right nicely.

Originally Posted by Storekeeper

I think you're on the right track. And the US economy may have some problems around the corner. But in the last decade and up until to date ... it's just percolating right nicely.

Sounds peachy when you ignore the 100 trillion dollar unfunded debt over the next decade.

Well if it wasn't for Clinton boom years, there wouldn't be much left of good old USA today

There were no boom years under Clinton. Ole Bill rode the coat-tails of Reagan. Clinton was great because he knew that and was a good caretaker.

Originally Posted by Storekeeper

There were no boom years under Clinton. Ole Bill rode the coat-tails of Reagan. Clinton was great because he knew that and was a good caretaker.

so few people can see this.

^ hahaha !!! and you said you were no NeoCon. Typical. So how do you explain Bush Sr ? was he also surfing on the coat-tails of Reagan ?

He sure was ... Bush Sr was Reagan's lapdog.

I like the way the US agencies fiddle their figures.

SK, you know damn well most of those figures in the WP are complete BS!!

Funny though! Keep up the good work...

I think you forgot the recession of the early 90s under Bush Sr when he fucked up the economy badly and created a huge deficit. Why do you think he lost ? Even your God Reagan disapproved of him.

Good economy? = My salary (USD) change to Baht = - 8% ??? Not good for me!

Originally Posted by Airportwo

Good economy? = My salary (USD) change to Baht = - 8% ??? Not good for me!

Hmm, 2001 $ = 45 bt.
2010 $ = 33 bt.
Minus 36% + almost as much in inflated prices.

I estimate it costs twice as much to live today but still better than the west

household net worth - how much of that is based on over inflated house prices?
and does the net worth include mobile phone debt?

Presidents do not have much control over the U.S. macroeconomy

H. Bush and Clinton did not follow the coat-tails of Reagan nore any other President before them.

The economy in the 1990s adapted and changed significantly from that of the 1980s.

Congress, also only has an affect on certain industries of the U.S. Macro-economy.

Consumer spending is 2/3 of the economy in the U.S.

So toss the politics and focus on interest rates, CPI (which measures inflation) and the per capita debt ratios, and PPI (production price index).

Inverted J-curve? Probably doesn't forecast much, but it shows how things could look someday.

I just love your cut and paste post style. I'm sure you fool alot of people.

Originally Posted by Storekeeper

I just love your cut and paste post style. I'm sure you fool alot of people.

I don't know if you're referring to me, but I haven't cut and pasted in a while.

The post above your, is not a cut and paste.

My words, and my words only.

It's cut and run that's the Art like the AIG touts who pissed off with taxpayers loot over the pass

Time for a posse

Amazing how moral USA is over pregnant Palins a couple of muslim fanatics or an abortion but bankers seem immune