Burning Giraffe
Active member
- Joined
- May 9, 2009
- Messages
- 357
- Reaction score
- 121
- Location
- Burgaw, NC
- Gender
- Male
- Political Leaning
- Libertarian
For those who have not been paying too close attention to the United States Economy, we are entering a precarious time. Nearly all our economic indicators are down. We're facing a second round of mass-foreclosures, increased unemployment, debt crises, and a second recession. The Stock Market is crashing because investment is waning and productivity, which is the most important indicated of future economic growth, is down.
Productivity Growth has been decreasing since the 4th quarter in 2009.
This is a very bad signal to investors. It is important for Americans to understand that economies require several key factors in order to grow. They need low levels of debt, both at the federal level and for American Consumers. They need high levels of investment. They need consistent increases in economic productivity. They need low inflation. There must also be an absence of federal and state discouragement.
Our economic engine is weak and it isn't getting any help from Federal or State Government, as they try desperately to continue their standard of spending while businesses and American Families cut back. I just want people to keep this in mind as we move forward. By the end of the summer we could be at 2 percent productivity growth and well on our way toward a second recession, largely due to unfavorable conditions being created by local, state, and federal government and bureaucracy.
Productivity Growth has been decreasing since the 4th quarter in 2009.
This is a very bad signal to investors. It is important for Americans to understand that economies require several key factors in order to grow. They need low levels of debt, both at the federal level and for American Consumers. They need high levels of investment. They need consistent increases in economic productivity. They need low inflation. There must also be an absence of federal and state discouragement.
Our economic engine is weak and it isn't getting any help from Federal or State Government, as they try desperately to continue their standard of spending while businesses and American Families cut back. I just want people to keep this in mind as we move forward. By the end of the summer we could be at 2 percent productivity growth and well on our way toward a second recession, largely due to unfavorable conditions being created by local, state, and federal government and bureaucracy.