1776.
You could smell the potential in the air.
You could smell the potential in the air.
So, Just When Was The Best US Economy?
- Thread starter Trader5287
- Start date
This is the best economy ever.
John
the economy really isn't that bad.
despite a devaluing dollar resulting from trade imbalances and out of control energy demand, we are in good times.
employment is high; you can have a 37" flat LCD screen from costco for $800, and a loaf of bread costs $15.00.
regardless of dollar devaluation (or commodity inflation, however you look at it), its a sign of growth and fight for precious nat. resources as a result of employment and real demand.
a poor economy would have no jobs, no demand, and a strong currency much nobody would possess much of. The US stock market seems sickly merely because of money flows that got it to the point we're at. whats the intrinsic value of a stock market to Americans when baby boomers need to sell in retirement?
you can't eat stocks... you can watch them - thats about it.
So I say now is the best of times economically. And best of stock market times were 98-99.
despite a devaluing dollar resulting from trade imbalances and out of control energy demand, we are in good times.
employment is high; you can have a 37" flat LCD screen from costco for $800, and a loaf of bread costs $15.00.
regardless of dollar devaluation (or commodity inflation, however you look at it), its a sign of growth and fight for precious nat. resources as a result of employment and real demand.
a poor economy would have no jobs, no demand, and a strong currency much nobody would possess much of. The US stock market seems sickly merely because of money flows that got it to the point we're at. whats the intrinsic value of a stock market to Americans when baby boomers need to sell in retirement?
you can't eat stocks... you can watch them - thats about it.
So I say now is the best of times economically. And best of stock market times were 98-99.
that and Greenspan's free money policies? we'd be slumming, definitely.
Are you Indian or Chinese?Quote from scriabinop23:
the economy really isn't that bad.
despite a devaluing dollar resulting from trade imbalances and out of control energy demand, we are in good times.
employment is high; you can have a 37" flat LCD screen from costco for $800, and a loaf of bread costs $15.00.
regardless of dollar devaluation (or commodity inflation, however you look at it), its a sign of growth and fight for precious nat. resources as a result of employment and real demand.
a poor economy would have no jobs, no demand, and a strong currency much nobody would possess much of. The US stock market seems sickly merely because of money flows that got it to the point we're at. whats the intrinsic value of a stock market to Americans when baby boomers need to sell in retirement?
you can't eat stocks... you can watch them - thats about it.
So I say now is the best of times economically. And best of stock market times were 98-99.
Yes there is fantastic growth, causing unprecedented demand for natural resources and workers in factories* - I.e. a great and expanding economy, only it is not in the USA.
Your point about baby boomers switching from peak earning years (AND PAYING HIGH TAXES) to sellers, negative savers (less investment in modernization of facilities or higher cost in interest to do so) is well taken; but not the only drag on the US economy - For example, todays announcement of city group terminating 17,000 jobs (and moving 9,500 more to lower cost areas) is just the most recent in a long list of downward US "adjustment." Higher pay jobs being replaced by "MacJobs" does not help balance the budget. (Nor does outsourcing the jobs totally.)
SUMMARY: Do not confuse the good economy in Asia with good US economy. Thread's question is about US economy.
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*Approximately 1.8 million leave the farms in India and China EACH MONTH to work in the cities!
The 50's were better than the 90's by a longshot.
In the 50's, a middle class dad, could afford a home, a stay at home wife, 3-5 kids and two cars.
The only guys who do that now are rich attorneys, doctors, ceo's, and other high paid professionals.
In the 50's, a middle class dad, could afford a home, a stay at home wife, 3-5 kids and two cars.
The only guys who do that now are rich attorneys, doctors, ceo's, and other high paid professionals.