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Thread: Economy expanded at fastest pace in a year as summer waned

  1. #21
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by randel View Post
    i would think this is good news, no matter your politics...couple this with the good news on the European debt crisis, and i'd say we are headed in the right direction.
    If only.... All signs point to disaster in a couple of months that will make 2008 look like a small dent on your car. Our sovereign debt crisis is incomingggggg. which will be the beginning of the fat lady singing.



  2. #22
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by jasonxe View Post
    If only.... All signs point to disaster in a couple of months that will make 2008 look like a small dent on your car. Our sovereign debt crisis is incomingggggg. which will be the beginning of the fat lady singing.

    The US is in absolutely no danger of a sovereign debt crisis. The vast majority of our nation's debt is held by AMERICANS, and even the foreign-held debt is mostly denominated in US dollars.
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  3. #23
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by Dickieboy View Post
    Yeah, national debt would go up another half trillion.
    The major problem facing the nation today is not the level of debt but the stagnation of the economy and the problems that are associated with it like unemployment, under employment, the decline of the middle class, the disparity in wealth and its increasing divide, and other things all which spell very bad things for a democratic republic.
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by AdamT View Post
    GDP grows more than expected, unemploymnet down slightly, manufacturing and exports picking up. Yep ... sky must be falling.
    Remember this:

    "The real news should be that last quarter’s growth that was originally estimated to be 1.9% was revised to 0.4%! Also, 2010 fourth quarter growth was revised from 3.1% to 2.3%."

    BREAKING: GDP Growth Rate

  5. #25
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by Mach View Post
    Wait, overspending and debt can cause catastrophic global conditions!?!
    The moral hazard of borrowing our way out rather than working our way out, is a bad thing?!?

    That sounds like sycophant-speak!
    Since that is not our main problem - it is indeed sycophant speak. And you do it quite well I must admit.
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by haymarket View Post
    The major problem facing the nation today is not the level of debt but the stagnation of the economy and the problems that are associated with it like unemployment, under employment, the decline of the middle class, the disparity in wealth and its increasing divide, and other things all which spell very bad things for a democratic republic.
    Wonder if Greece (etal) feel the same?

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by Dickieboy View Post
    Wonder if Greece (etal) feel the same?
    Do you live in Greece? Perhaps that is why your perspective is so skewed?
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  8. #28
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by Dickieboy View Post
    Wonder if Greece (etal) feel the same?
    Because, as we all know, every country in the world is exactly the same, faces exactly the same circumstances, and should be governed exactly the same. It must be comforting to live with such a simplistic worldview.
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  9. #29
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by haymarket View Post
    Do you live in Greece? Perhaps that is why your perspective is so skewed?
    I see #5. Thanks

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by Kandahar View Post
    Because, as we all know, every country in the world is exactly the same, faces exactly the same circumstances, and should be governed exactly the same. It must be comforting to live with such a simplistic worldview.
    Again #5...thanks.

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