Plus, are more people investing in money right now or are they still scratching and clawing to pay the bills and make ends meet? Also, isn't it that the more people in America invests the stronger our economy gets? Answer all of these questions please? I know I cheated only one question per question box. Anyway any answers on these?
2006-12-11 07:28:12 · 7 answers · asked by Anonymous in Social Science ➔ Economics
Sure, i will answer all your questions.
1. American economy is at the moment the strongest in the world. Altough, what you might have in mind, is the rate of growth, in which case, it was better in the past, esp in the Boom years of post-war recovery etc..such times, i am afraid, will not come around again any time soon, and its not a bad thing, because strong rates of growth are mainly only possible after catastrophe of some sorts.
2. investing into money? what do u mean, buying bonds etc? or stockpilling cash? lol i don;t know how to answer this question.
3. not necessaraly, all depends if the investments are successful or not. for example, dot-com bubble, lots of people invested, and hundreds of tousands lost capital because investment was unwise, and bubble burst.
2006-12-11 08:00:15 · answer #1 · answered by Yura 2 · 0⤊ 0⤋
If you mean post-World-War-II-strong, it may take a while. The war caused a huge upsurge in productivity, not to mention the GI Bill providing all the returning soldiers with free college educations which, in turn, spurred even more productivity and inventions. In addition, government-funded home loan programs enabled countless families to be able to afford houses, which built up equity for our families and communities. We may never see economic times like that again in our lifetime, but then again, we might.
The strength of the economy is relative. We may think it's not that strong (or think that it IS strong) based on comparisons to earlier times, and those comparisons may be affected by our own biases/perceptions of what previous times really were like.
I don't have the figures handy about what percentage of Americans are investing in the stock market or other types of investments, or what the savings rate is for the various demographic groups. You might want to try the Bureau of Labor Statistics for that.
2006-12-11 16:02:22 · answer #2 · answered by Dave of the Hill People 4 · 0⤊ 0⤋
If you were a fact base individual you would not even ask this question stock market at a all time high unemployment is 4.4% the lowest it has been in my lifetime, inflation under 3% the deficit is shrinking, revenues are up while this does not apply to every individual when we talk about the economy we talk about it in it's totality not per individual, yes there will be people that are not doing well and that will never change many countries would love to have our problems.
2006-12-11 15:56:13 · answer #3 · answered by Ynot! 6 · 0⤊ 0⤋
What an absolutely absurd idea and equally absurd answers. Unemployment is at an all time low. Interest rates are at an all time low. Production and sale of durable goods is at an all time high.
Look around. Trucks, suvs, Wii, X-Boxes, tatoos these all take money. Read the newspaper if you do not believe me. Quit repeating what you are hearing from disaffected knownothings.
2006-12-11 15:51:39 · answer #4 · answered by Anonymous · 1⤊ 0⤋
"Not in your lifetime"- strength of economy is an illusion- use your calculator but start with the debt inherited (in your life time) and watch its progress while the illusion of strength is promulgated?
This answers two out of three of your questions sorry about the third its sort of a matter of opinion yes?
2006-12-11 21:25:26 · answer #5 · answered by Frank W 2 · 0⤊ 0⤋
When they stop pouring all the money into this war the economy will be strong again.
2006-12-11 15:44:13 · answer #6 · answered by honey27 4 · 0⤊ 1⤋
the economy of any country can not be strong as long as dishonest politicians are there
2006-12-11 15:34:54 · answer #7 · answered by shamsayasmin 3 · 0⤊ 1⤋