U.S. Recession

Well, not quite. We can't ALL be net exporters. (Just like investments... somebody has to be the bag holder.)

With Asia being such a huge exporter, somebody has to be the net importer. Isn't that OUR function in the world economy?.. even if we have to perpetually borrow more and more money to buy the goods?

 

That's right... THE FED'S ESTIMATES... Do you believe them? I sure as Hell don't!

 

I will do my very best to support U.S. economy ! I will pass by before X-Mas for some shopping in NYC !

 

Really... in that case, is the wage growth number inflation adjusted too? Any reference?

 

Does it matter if you believe the numbers? It is what it is.

 

That's what we need. Team players.

 

Is it growth if the US Dollar is crashing 20-70% against all the World Currencies? We are in a Recession already.
Kudlow is a moron.

 

I don't believe anybody's estimates. But that doesn't mean we should misinterpret them.

 

The headline "personal income" figures are reported as nominal figures: http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
But GDP headline is 'real': http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

 

I should revise that. I believe their estimates are close to reality. What I meant is that I don't believe anybody forecasts, which is what those figures are.