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Topic: Is the US economy going up or down? - page 3. (Read 3634 times)

legendary
Activity: 906
Merit: 1002
October 11, 2014, 02:04:44 PM
#7
Simple question. From where I'm standing it seems to be doing neither so I'd like to hear some facts and perhaps some opinions.
The economy is currently growing. The rate of growth is much less then what most economists would expect at this point in a recovery after a recession. The economy had shrank in the first quarter of the year however many economists had downplayed that to be caused by extremely cold weather and economy data has somewhat baked that up.
sr. member
Activity: 448
Merit: 250
October 11, 2014, 12:22:20 PM
#6
the economy is in a worse shape than it was in 2007, don't let stock prices fool you, the reason they are high is because of all the money the fed printed in QE1-3.
once those stocks are sold and people actually try to realize the gains by buying products there will be hyperinflation.
legendary
Activity: 1540
Merit: 1000
October 11, 2014, 11:00:35 AM
#5
It will go up until the federal reserve and the dollar run out of power to keep everything going and as it stands now the dollar is beginning to lose it's reserve currency status, partially in thanks to Bitcoin which is why countries like Russia and China fear it so much, what's keeping the U.S economy rising right now is inflation, so eventually there will be another crash like 2008 - 2009, the question is just when.
legendary
Activity: 2030
Merit: 1028
October 11, 2014, 08:30:14 AM
#4
I think their economy is going up.

I said that based on my local currency.
US $ crush my currency until Rp 12.000 now ( before was Rp 9.000 then Rp 11.900)

I'm so sad about this, My primary need's cost (food,hotel,etc) is getting higher and higher  Sad
member
Activity: 84
Merit: 10
October 11, 2014, 07:42:18 AM
#3
Simple question. From where I'm standing it seems to be doing neither so I'd like to hear some facts and perhaps some opinions.

Doesn't matter, all these macroeconomic data improvements only satisfy the wealthy, most people will go on wit their shitty lives.
Economic growth has nothing to do with living conditions in a country. Economic growth is irrelevant. Employment rates and personal debt rates matter
legendary
Activity: 1386
Merit: 1016
October 11, 2014, 02:43:00 AM
#2
not good.
Every four to six years, the U.S. experiences an economic slowdown. Although the current bull market is now in its fourth year, there are many existing issues.
http://www.useconomicoutlook2014.com/
hero member
Activity: 1492
Merit: 763
Life is a taxable event
October 11, 2014, 01:43:00 AM
#1
Simple question. From where I'm standing it seems to be doing neither so I'd like to hear some facts and perhaps some opinions.
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