AwesomeOriginally Posted by Wade
Awesome
I'm so glad that obama said "the economy is getting better"
So damn good I get to pay $110 sq/ft for my cookie cutter home *sigh*
Not to make a political post, but the US economy is doing great. 58 consecutive months of job growth, 3MM jobs added in 2014 alone, markets at or near all time highs.
Oil is a different story (for Texas; the rest of the country is thankful for the aggregate ~$600M in daily savings at the pump).
Fixed it for ya.
The US continues to struggle to stabilize on the losses since the world economy dropped post-2004, just after it and most of the world recovered from the 2000-2001 collapse. It's actually been a brutal 15 years in it's entirety compared to the previous 15.
Most European countries, as well as Japan, Canada, Mexico are dealing with significantly negative GDP trends while the US has only a mild downward trend.
India and China are making huge gains while the other players on the world board are licking their wounds.
Real GDP shows the USA is at just over 2.4% increase which is actually OK, but far from "great". The USA economy is stalling and, assuming everything is not all rainbows and puppies, any significant global crisis will likely push it downward hard unless there is some strong leadership.
If you factor in that it has taken over $1 TRILLION dollars of government "stimulus" spending (the other shoe has yet to drop on that one), and over $600 BILLION (adjusted, again, from the planned $400 BILLION) in spending on Obamacare to get here (how's that $1BILLION website working for ya?), I think even "OK" is overly gracious.
Anyone with business sense, given $1.6 TRILLION (and that's just headline spending), a blank check for more and the head seat at the G7, could have done better for the USA than what the Obama admin has done.
Selected countries GDP growth since 1995
USA, UK, JAPAN, INDIA, CANADA, CHINA, AUSTRALIA
USA Real GDP post-WWII
Yeah the U.S. economy is doing great and unemployment is really at 5.2%. Total BS. Just wait until we have to pay for quanative easing! Ever read what happened to Germany prior to WWII?
JJ
Geez, speaking of the "other foot". The Fed has quadrupled it's balance sheet since it started executing QE, flooding emerging markets but those markets are not in the position to help the Fed unload it's balance sheet, and China is just waiting for a bargain basement selloff.
Almost every market strategist agrees that QE has little or no effect on global markets or the US economy (was watching a popular finance market show the other day when 3/4 completely dissed QE while the forth shrugged his shoulders and voted "present") but many keep supporting it for various self-serving reasons.
Japan used QE and look at their real GDP now, in particular how far they now lag everyone else.
Greece is now a transparent example of how using the printing press will ultimately fail.
Now the Fed is going back to the interest rate lever, while Europe is looking to QE now that they have had to admit their austerity programs have failed miserably, or come up with another excuse that contradicts the transparency of Greece.
This goes way beyond US politics by the way...we are in a globally connected world where Tinkerers (and OMG are the members of the new gov't of Greece a pack of Tinkerer-wannabees) wake in the morning with their game board before them, a latte in one hand and a pair of dice in the other.
Uhmm...yeah back to TWS...doubt we will have the car there but I'll be there to salute the old track!
See you all at MSRC first
Jeez! Who wants to comment on the Pope's opinion on the new Toyo RR's
Life is good!
I'll be at TWS for the send off. (HPDE only unfortunately). Looking forward to seeing you guys again.
2011- Texas Region CMC2 Rookie of the Year.
2012- Broke with no car.
2013- Author- Hard Luck Lloyd: The Complete Story of Slow-Talking, Fast-Driving Texan Lloyd Ruby
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