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America's present need is not heroics but healing; not nostrums but normalcy; not revolution but restoration.
Warren G. Harding
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Everything is the same today as it was last week...
The Five-Year Funk: OECD Slashes Global Growth Estimates
Quote:
Three mediocre years after the last recession ended, one of the world's leading economic policy advisers is warning that another may be on the way, as dawdling leaders in Europe and the U.S. fail to deliver the comprehensive solutions needed to restore growth.
"After five years of crisis, the global economy is weakening again," says OECD's top economist in its semi-annual assessment entitled Global Economy Facing Hesitant and Uneven Recovery. Since the Paris-based think tank's last report just six short months ago, the outlook for growth has worsened in all but three of its 34 member nations — including a forecast for two more years of mild recession in the euro zone, as well as a call for just 2% growth next year in the U.S.
As dangerous as those numbers are, they do not begin to tell the story of the federal government's true liabilities.
The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.
It's not about "aint it awful?"...it's about understanding economic variables and how they're all related.
So let us all seek the truth and not focus upon what looks and sounds good. Neither optimism nor pessimism do us any good when discussing our economy.
Nothing we discuss is "me against you" or vice versa. No one can "In your face!" with economic news just as no one can "in your face!" with the results of the election.
We can play childish games and post stuff like, "Hey, where's ILHP?" But that would make me look foolish.
It's not about "aint it awful?"...it's about understanding economic variables and how they're all related.
So let us all seek the truth and not focus upon what looks and sounds good. Neither optimism nor pessimism do us any good when discussing our economy.
Nothing we discuss is "me against you" or vice versa. No one can "In your face!" with economic news just as no one can "in your face!" with the results of the election.
We can play childish games and post stuff like, "Hey, where's ILHP?" But that would make me look foolish.
Wouldn't you agree?
lol PR,
Don't get your panties in a bunch
Is this thread about the US debt? Nope
Is this thread about Global Growth? Nope
Stay on topic please, you want to talk about those things, please start your own thread and talk about those things.
I was just trying to give you a little nudge because I knew you would come in here and try and do what you just did, you proved my point!
Have a great day PR, remember life is what you make of it!
likes this.
__________________
America's present need is not heroics but healing; not nostrums but normalcy; not revolution but restoration.
Warren G. Harding
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Actually, anyone with half a brain can see that artifically driving down interest rates to ridiculously low levels will feed into yet another housing bubble. This "increase" is being fueled by interest rates that are half what they should be hurting people who do the right thing.....save.
Actually, anyone with half a brain can see that artifically driving down interest rates to ridiculously low levels will feed into yet another housing bubble. This "increase" is being fueled by interest rates that are half what they should be hurting people who do the right thing.....save.
Do you have any facts to back up your statements? Or do you expect me to take you for your word? lol....Give me links,some stats, some facts....
__________________
America's present need is not heroics but healing; not nostrums but normalcy; not revolution but restoration.
Warren G. Harding
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Last edited by Ilikehappyppl; 11-27-2012 at 11:32 AM..
Do you have any facts to back up your statements? Or do you expect me to take you for your word? lol....Give me a links,some stats, some facts....
NEW YORK (CNNMoney) -- The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.
The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.
The bond-buying policy "should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative," the Fed's official statement said.
Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed's balance sheet each month.
In addition, the Fed also indicated that it plans to keep short-term interest rates at "exceptionally low levels" until mid-2015. Previously, the Fed had forecast rates would remain low until late 2014.
The central bank's main objective is to lower interest rates and mortgage rates in particular.
9Likes
It just keeps coming!
More good news! Somebody better check on PR, we know what good news can do to his heart.
I would say "CNN is full of shlt"
Linear Mode
