I REALLY REALLY remember a thread buried somewhere about what-your-country-will-look-like-in-50-years but I couldn't find it.
Maybe i should have said 10
I am not an American but I kind of know a bit about US economy through the macroeconomic s classes I took.
Well I study International Relations and Diplomacy so I ve had classes from Economics thru Intenational security to Culturology...so I have much info but its only academic.. personaly i dont give much credit to books or publications, u know u can read something that seems valueable and with strong argumentation and facts but the thruth is much of the time "at least" a little bit different, anyway thats not important
I think that, IF nothing huge happens (say world war III), I can definitely see US GDP growing steadily with not many recessions (unless the Fed messes up).
Greenspan left US in a good shape. I'm not sure how Ben performs right now but so far this year, unemployment is going down, inflation rate is sort of going down too I heard (because SSN benefit is like lowest in 4 years time?).
Here I have to be a little bit sceptical [and there is not even need for a III world war], Recession or crissis hmmm well I DOUBT the crissis even if the economy technically avoids a recession, it will feel like one to most Americans—because it will be led by consumers. That will be a big change. Consumer spending has not fallen in a single quarter since 1991; it has not fallen on an annual basis since 1980. Consumers barely noticed America's last recession—when low interest rates and high house prices kept them spending solidly. Just how voters and politicians react to a consumer downturn in an election year is worryingly uncertain. What's more, the squeeze on consumers will last longer than many expect because it involves the unwinding of an asset-price bubble and attendant financial excesses. There seems little reason to expect, as many analysts seem to, that the housing bust will be history by the second half of 2008.( I think you know about the problem in the housing if not see
http://iamfacingforeclosure.com/ and this is an old one
http://hbswk.hbs.edu/item/1404.html and now see this
http://business.timesonline.co.uk/t.../construction_and_property/article1599721.ece)
Policymakers responses may be more muted. In 2001, the economy was cushioned by a large fiscal boost, thanks to tax cuts and bigger spending, as well as much lower interest rates. A big tax cut now seems extremely unlikely. At the same time, the weak dollar and global economic strength that softened the downturn will also complicate the central bankers' ability to respond. Based on underlying inflation expectations, real interest rates are still above 2%. Central bankers often push short-term real rates to zero, or even below, in a downturn, suggesting there is plenty of room to cut, particularly since the housing glut means lower interest rates may pack less punch. But high oil prices and a falling dollar may preclude such an aggressive response, rising inflation expectations. Recession or not, America faces a tricky road .
Based on history alone, US was pretty good all alone with a great depression in the 30s, some recessions in 70s, less recessions in 80s and 90s and the most recent one (and the mildest one) being the recession of 2001. So, I can only see good things ahead for US economy despite its weak value against other currency (for example $1 = 1 canadian dollar).
U may be right here but I see the dollar as a big problem, btw imagine what would happen if the oil bussiness would not be in dollars, I mean thats a heck of amount of money that is spend and used in this field thus a strong powerup for the US currency=economy/inflation=deep shi...
Yeah, conclusion is:
Bright skies ahead if The Fed doesn't mess up and presidents don't mess up. The people are smart enough, so it's the government that has to be smart too.
You are right here. The only thing I dont understand is the Health system in America ....its a very smart system, for those who earn money from this
BTW sorry that i didnt quote it properly, but i dont know how to multiquote
sry so i just put another style of fonts for ur part
btw i forgot to mention see this site
http://www.whitehouse.gov/infocus/medicare/, some useful info there too
ohh my god hmmm i think we are going a little bit off topic here all in all its a election thread sooo ehmmm yeah i got one q hope somebodz knows are the candiadtes obligated to show who is financly supporting them? and if yes is it publicly available?
It was amazing that Iowa (which is 97% white) actually gave Obama a victory. You can tell that Hillary is so, so pissed right now about it.
You want the government to control your life, you're gonna get it.