The United States Economy shows a vast improvement!….
I have been saying to anyone that would listen ……’The recession ended in the late spring’…well, the numbers from the economists for the third quarter of this year, are the first positive numbers for a while……..And they seem to support the fact that the economy is indeed coming back……I don’t really feel it personally….But I have been watching the little signs here and there, and it was unmistakeable…….
I know the Republicans aren’t going to take it too good, but the President’s campaign of Government spending WAS the key…
Obama gets the props folks………
But , we have a very long way to go to prosperity……
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Jamesb, so the same economists that didn’t see all of this coming are now proclaiming it is over and the economy is improving… I want to see what happens to the housing market next year now that the $8,000 tax credit is expiring next month. Lets see if that part of the economy will pick up because that was what was driving the rest of the economy 2 1/2 years ago. Unless somethign else is going to drive the economy I don’t see it getting all that better. I will say that the worst is probably over, but real sustained growth is still pretty far away and if something happens like oil prices shooitng up you will see this consumer driven economy slow again. Gas is pretty damn expensive right now.
yesw gas is going back up …but no one’s really compalining are they…we jusr ajust to it…the economy bottomed out a year ago…and is very slowly rising…we won’t feel it, you and me, but it’s going back up…there will be lags in a whole lot of things………
Consumer spending dips after cash for clunkers drops (government backed consumer lift):
http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=263006
Lets see what happens to housing now that $8,000 dollar tax credit expires this month. The economy may have shown a growth last quater, but if you look at the last recession data, after we hit bottom and started to go up we had a second very quick dip in the economy, but with this recession certainly being deeper, longer and harder than the last one a second dip may also be longer, deeper and harder than in the last recession. Check this report that is pretty darn scary to see this not slowing down:
http://www.cnbc.com/id/33561292
Those banks were in trouble and have been brought out by a stronger bank…which is what a lot of people have been wishing for…….
While the number is high for a short time…the government has been selling off weak banks as regular thing for long time……
I firmly believe that this country IS coming up from the recession…slowly…..
Jamesb but you do realize your comment says that the economy has shown a VAST improvement. I don’t want to nit pick, but when i keep hearing about how this economy has started to make a turn in the right direction I get annoyed because how does anyone know this when the economic indicators show mixed signs…who predicted that we would have had the worst recession since World War 2…now everyone is predicting we are recovering.
Merrianm Webster online:
Main Entry: 1vast
Pronunciation: \ˈvast\
Function: adjective
Etymology: Latin vastus; akin to Old High German wuosti empty, desolate, Old Irish fás
Date: 1585
: very great in size, amount, degree, intensity, or especially in extent or range
synonyms see enormous
— vast·ly adverb
— vast·ness \ˈvas(t)-nəs\ noun
Okay….it’s 3.5% of the GDP……what number would that be?
For one quater, 3 months of the year and the fourth quater will be between 1%-2%.
In addition, that was the initial number…in a month from now that number will be revised. And I’ll put my money on that that number will be revised to the down side.
what would be the dollar figure…do you know?
down, huh?…..you’re on…….