Analysis: Morning in America? U.S. economy poised to accelerate

Comments (12)
Overcast451 wrote:

Unfortunately for us – the government keeps loosening the strings with more ‘stimulus’.

Feb 25, 2013 4:11pm EST  --  Report as abuse
reality-again wrote:

If…

This article sounds like yet another piece of optimistic propaganda – “Think positive and you’ll change reality”.
But reality doesn’t obey to people’s wishful thinking:

The housing market data is skewed by the fact that banks keep a large shadow inventory of properties they don’t offer for sale yet, because if they did, prices would plunge.
Household income and credit data doesn’t mean much if you accept that Americans nowadays may not be willing to engage in spending sprees as they used to before the crisis. People change, and the past five years taught a lot of people to spend more cautiously, and keep saving.
Cuts in Government spending will affect the US economy in the long run, and not just as they happen.
The Euro-malaise is not going away, and it has plenty of room to deteriorate further, thus crippling US exporters’ revenues.
Expect a major correction in stock prices, since they have nowhere to go from here.

Feb 25, 2013 4:20pm EST  --  Report as abuse
flashrooster wrote:

If this is true, it would explain why Republicans are so desperate to hold the economy down. They’d rather see everyone in America suffer financially than to see Obama get any credit for a rebounding economy. It makes it easy to understand what we should be doing: the opposite of anything advocated by the Republicans.

Economists know what the US economy needs. Unfortunately, political decisions are based on whatever will help a politician get reelected and not what is best for the US economy. What’s particularly distressing about our situation is the GOP support from their rightwing constituents, who aren’t running for any office and, therefore, gain nothing and are financially hurt if the Republicans succeed in souring the Obama economy. I mean, as wrong as it is, I understand the logic behind the Republican politicians’ attempts to sabotage our economy. But the constituents who are cheering them on, the only thing they gain is an image of stupidity across the world. And long term, if the GOP succeeds in their goals, they do serious damage to democracy and capitalism because world leaders will point to the US as an example of what happens when you have democracy and capitalism. We need to all be focused on seeing our nation succeed. Always.

Feb 25, 2013 4:43pm EST  --  Report as abuse
crittertron wrote:

I love how the conversation always comes back to Democrats & Republicans as if the word “economy” applies to anyone but rich people with foreign investments in America. Its not like factories are opening with solid capital based jobs coming back into the country to actually provide backing to our currency. Capitalists always escape blame behind useless politicians.

Feb 25, 2013 5:58pm EST  --  Report as abuse
wilhelm wrote:

Friedman must have been a terrible guitar player… as he was an economist.

Feb 25, 2013 6:02pm EST  --  Report as abuse
Missourimule wrote:

You betcha . . . . that’s why the Fed’s pumping $85 billion every month into the stock market, just trying to keep it off the floor.

Feb 25, 2013 6:19pm EST  --  Report as abuse
stevedebi wrote:

There is no “Obama recovery”. His policies are holding the economy back. The technical indicators signaled recovery in the spring of 2009, but this President does not believe in America or capitalism. The lack of leadership has been reflected in the US and abroad.

The fact that there are some indicators of upward movement is in spite of, not because of, this administration. We can expect slow growth at best.

Feb 25, 2013 7:26pm EST  --  Report as abuse
mindlessdrone wrote:

There is no economic recovery for working class people here in America. Wall Street is so out off touch with reality.

Feb 25, 2013 7:43pm EST  --  Report as abuse
Harry079 wrote:

Now the economy is like a guitar string?

Is that like life is like a box of chocolates?

Or

The bigger you are the harder you fall unless your too big to fail?

Or

You give a man a fish he eats for a day. You teach man how to fish and he loses everything to an oil spill?

Feb 25, 2013 7:47pm EST  --  Report as abuse
Robertla wrote:

get ready for robust ‘stagflation’………with fewer people able to participate in the benefits of the economy

Feb 25, 2013 8:45pm EST  --  Report as abuse
breezinthru wrote:

The supporting data from previous recessions and accompanying rationale for this Les Paul economic theory is conspicuously absent from this article.

Is this hopeful rhetoric in light of ominous developments in the Eurozone or perhaps an exercise is sculpting public expectations?

Feb 25, 2013 9:07pm EST  --  Report as abuse
RealityMan wrote:

Well, I suppose an economist’s guess is as good as any other.

Feb 26, 2013 10:51am EST  --  Report as abuse
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