Goldman Sachs’ Chief Economist Jan Hatzius expects world development will accelerate to the top end of the 3%-3.5% range that’s prevailed for the past five years, largely driven by a optimistic impulse from financial situations in the US and components of the emerging world. The only counter I’d provide here is that we must be wary of not confusing U.S. firms that operate internationally with the actual state of the U.S. economic system but except for this, possibly the American economic system is more sturdy than in style wisdom would counsel.
If you look a the mortgage fiasco, rising vitality prices and a country at warfare that should be funded, any considered one of which would have collapsed a weak economic system, and then measure that in opposition to the continual development in the US economic system, the scenario just isn’t the woe is me scenerio that is being protrayed.
There’s a presidential election developing, and I strongly suspect that the people who run the (traditional) news media in America imagine that the American folks must be (educated?) about what a rotten job that idiot (their view) Bush has accomplished, and how it’s Time For A Change.
The following chart, exhibiting the number of cumulative dividend cuts announced in the U.S. by the day of the quarter in 2016 for 2016-Q1, 2016-Q2, 2016-Q3 and 2016-This autumn by way of 14 November 2016, reveals that the U.S. economic system is experiencing recessionary situations, which are bordering near the brink that corresponds to some extent of contraction occurring throughout the economic system.
After a boost to figures for exports and business investments, the Commerce Department revised its measure of the nation’s gross domestic product (GDP), the broadest measure of goods and companies produced in the economic system, to an annual fee of 2.5% in the second quarter, up from an initial estimate of 1.7% reported last month.…