What is the basis for accessing the economy as being .."Robust" ? If you have a link regardless of the source

Question

Please post it...I would like to see it so we can all have some alternate views on this subject..This one is for the Americans

please lets leave the hostile hyperbole out on this..
http://www.nytimes.com/2006/08/30/opinion/30wed1.html?ei=5088&en=8d9e2d071b951fa4&ex=1314590400&partner=rssnyt&emc=rss&pagewanted=print

I am referring to "America" as in ..The United States

Answer 1

There is nothing 'robust' about our economy, what happens is that this administration is borrowing heavily to pay for expenses we can't afford, that borrowing allows us to spend liberally that makes us 'feel' as if the economy was robust. Anybody can live the life of a millionaire with below poverty level income and a credit card.

We are also minting money faster than at any time in history, this holds for now because many nations use the US dollar to hold their reserves and it would be against their best interests to have the dollar decline. However, given our fiscal irresponsibility of late, some of these nations are starting to back out from US denominated liquid assets, China has already started to 'diversify' their holdings exchanging Dollars for Euros and other nations are following the lead, eventually this may lead to a run for the exits and the last nations left holding US currency will have worthless paper money, something similar to German Marks after WWI. We need to restore financially responsibility on our system if we intend to remain viable (financially not militarily) in the world.

I should point out that my comments are directed at the United Statesian economy not the American economy that would involve many nations from Greenland to Chile.

Answer 2

Well, the Dow average is about 11375 right now, not that far from the all-time HIGH, and the employment level is also near an all-time LOW (so near that Bernanke of the Fed is finally thinking interest rates don't have to go up any more to control inflation). I'd call that robust.

Answer 3

When I had my kids small, I told them:
Don't belive everthing they tell you,
Don't believe everything you see.
Don't believe everything you read.
Schools, media, don't tell you the very truth!! Just what they want you to know, or hear!!!
We do not have freedom of the press!
We are not created equal!!!

Answer 4

http://sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/03/03/financial/f103010S95.DTL
http://www.omanet.om/english/0news/viewdetails.asp?id=6661
I guess "alfonso r" didn't notice your "Please...".