Are you hopeful that the US economy is growing or does the news that the US unemployment rate fell
only because the jobless ran out of UI benefits and are now called 'discouraged workers"?
I can say the U.S. Economy is stablized, we are seeing new businesses and new construction work picking up in our Area.
One of the many reasons is that online markets are causing stress on local businesses and new thoughts and laws are needed to monetize the online transactions for community benefits.
So the eocnomy might not be growing but does not seem to be sinking either.
The Economy is stabilized and has been steadily improving for at least the past year here in Southern California.
Companies are hiring here again, Existing home inventory was at an all time low and has remained that way, approximate 2.5 month supply which was one of the lowest levels on record and without a doubt indicates substantial buying of single family residences leading to a moderate and sustained rise in values and prices. Several new housing developments are either in the planning stages or have already broken ground in an effort to accommodate demand.
The economy is cyclical, always has been and always will be, with the overall trend pointing Up.
Something to think about.....In the 1940's a 5,000 square foot mini mansion in Beverly Hills CA could be purchased for roughly $40,000 to $50,000 depending on amenities.....Today that same property is valued at roughly 10 Million & Up......Always keep things in perspective.
the US unemployment rate is at it's lowest in two years so this is good news for the economy. but if they decide to get into the problems in lybia, it will mean another economic downturn.
the Hollywood Mansion is not worth more, the American dollar is worth less .... The Inflation Rate Calculator- Calculates the rate of inflation in percent between any two different dates since 1914.
Total inflation over the period from January 1950 to January 2011 = 837.12%
iT'S 2.63% FROM 2009 TO 2010 - but according to US BS stats it's zero, (yeah right)
http://www.inflationdata.com/inflation/ … alcresults
Free Market Capitalism is a failure with its vicious chaotic Boom & Bust cycle.
If economic figures show growth, they already indicate a new bubble. Only producing industries create values and growth. A little maths:
US production industry: 10% of GDP
Growth of GDP: 2% (assumed)
Production must rise by 20% to achieve the growth rate.
If production rises only 10% (in this example) that means 1% real growth and 1% for the bubble.
And it doesn´t matter if administration provides enough money out of thin air to keep pressure on the bubble, it remains a bubble and has the potential to burst.
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