Robert Romano: Era Of Economic Growth Over?
WHERE WILL THE LATEST GLOBAL SLOWDOWN LEAD US? The economy of Japan has not grown nominally in 20 yeYou must Subscribe or log in to read the rest of this content.
WHERE WILL THE LATEST GLOBAL SLOWDOWN LEAD US? The economy of Japan has not grown nominally in 20 yeYou must Subscribe or log in to read the rest of this content.
15 comments
Ya know, this guy gets old. So here’s the deal. Last year we grew at what, about 2.8%? Year before that about 2.6%. Let’s keep a few things in mind here. About 25% of US trade is with Canada, about 20% with China, 20% with Mexico, and about 20% with Europe. The rest is a mix with some other emerging markets and Japan.
China is having a slowing economy. Europe has been three times as slow as the US in coming out of the great crisis of 2009. Extremely slow. Brazil is having a slow down. Point is this: a) the world economy has never pulled the US into a recession in 70 years, in fact, the US is stil lthe driver of the global economy. b) These regions slow growth is probably taking off about 1% in GDP growth.
If you look at the US economy in three parts, real estate, consumer spending and trade, you can see why we’re at just below 3%. Real estate is now humming, consumer spending is doing well, but – – – – – or trading partners are still a bit sickly. Eventually that will change, and then we’ll be back to 3.5% growth. These comments about 4-5% growth – just remember – 4.5% growth and higher is inflationary. So pick your poison.
And,who else can cover,Eric Dolphy,and get away with it,brilliantly?
https://www.youtube.com/watch?v=yghMY6hx1r4
Good points all.
I know you have your economic ducks in a row (that’s pretty evident) but there is one thing I’d like to inject concerning the economy(if I may…)
THIS IS TUESDAY AND TUESDAY IS SOYLENT GREEN DAY!!!!!!
(it’s closer than you may think……… and will be brought to you by the conservative elites who are members of “Americans For Limited Government”)
What is Soylent Green Day.
OMG.You don’t KNOW?
https://www.youtube.com/watch?v=6zAFA-hamZ0
I’m too young I guess. I was only like 7.
Chalton Heston is half clothed most of the time,and he’s hairy.He made me gay.Don’t watch too long
LOL!!!
But I believe you’re thinking of Planet of the Apes…not that I noticed all that much since “Nova” was running around in a leather bikini the whole time……….
You’re right. Soylent Green was a better movie IMO
Then it’s time you got some “edgamacation” on one of the most prophetic films of its time………..
Leigh Taylor Young is fine (as is the black woman – she was a professional dancer in her time {it shows!!!} and also was in Andromoda Strain, and a “Bond Girl” {went by the name of “thumper” if I’m not mistaken})))
Good flick on a lot of levels. There was talk of a remake but so far it ain’t happened (wish they would though…..)
“Soylent Green wafers WERE available on line a few years back.
Check it out sometime. You can probably even get it for free at the local library on DVD as well as streaming…
Figures don’t lie but liars figure, is the National Debt really $19 Trillion Dollars?
Now I’m not saying those are your figures Rocky but from my experiences I take government figures with a grain of salt.
Man the constant wishing of the economy to tank by these guys for political gain gets older and older each time.
Couldn’t agree more……..
Since it’s an article of dribble and stupidity, all I have to say is I thought Beyonce was pretty good in the half-time show, but she is a bit chunky in the thighs. But not bad at all.
And I think we’re a stupid country with our currency. I have a money clip that’s magnetic I bought down at the market. I love it, black leather, magnets that hold each half together. But we’re stupid. We make out change out of copper. In Canada they use steal, and same in many South American countries. As a result, when I’m in those areas my money clip attracts and holds all the change together, avoiding that “grandpa jingle” in my pockets. Here in the US – I sound like change machine walking around. Hence, I’ve stopped carrying and using cash.
I know this is as interesting as a tick in your ass, which is how factual and intersting this article was.
US Real Gross Domestic Product per capita — chained 2009 dollars (inflation-adjusted).
US Real GDP divided by US population.
http://www.multpl.com/us-real-gdp-per-capita/table/by-year
We may hay have a problem with income distribution, but the average is continuing to rise. The 2007 level was passed in 2014. Maybe our wealth has not recovered, (home equity etc…) There has been slow improvement the last 6 years.