If the economy is so good then why is this happening
gross domestic product down
treasury bonds up
manufacturing activity down
payroll figures down
value of dollar down
http://news.yahoo.com/s/ft/20061101/bs_ft/fto110120061340013087
2006-11-01 08:19:12 · 6 answers · asked by Anonymous in Politics & Government ➔ Politics
That's easy to respond to. People know that the economy has been great, and that of course things have to pull back a little, or level off a little, otherwise there will be a crash. So, as that article states, and which you fail to state, is that things are "slowing", not crashing or anything like that. Slowing is okay and that is what we would hope our monetary policy could achieve. If the economy doesn't grow at a slower pace, and we don't have some (small) corrections here and there, the the economy is not good. Therefore, I would say we still have a pretty darn good economy. I know I've done great this year!
As another note, I also read an article today that wage increases are still looking good and above the inflation rate.
Try another argument.
2006-11-01 08:33:53 · answer #1 · answered by straightup 5 · 0⤊ 1⤋
Well, the value of a dollar is down because of an increase in minimum wage
2006-11-01 16:29:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think you have your charts upside down.
I'm waiting for the media to acknowledge what all informed people already know. The economy is doing very well.
2006-11-01 16:23:37 · answer #3 · answered by yupchagee 7 · 1⤊ 1⤋
you are really reaching! lets talk about kerry! by the way my futures are booming and so is my 401 k. bought a new home and the economy is rockin. now back to kerry!
2006-11-01 16:22:14 · answer #4 · answered by Anonymous · 1⤊ 1⤋
why are people still talking about Kerry?
2006-11-01 16:24:09 · answer #5 · answered by nobudE 7 · 0⤊ 1⤋
The Chinese own you.
2006-11-01 16:24:17 · answer #6 · answered by Rja 5 · 0⤊ 1⤋