What is the state of the economy?

Question

What have been the results.

Answer 1

Those willing to actually look at the statistics instead of relying on uninformed emotions can see clearly that the US economy is doing abundantly well.

GDP growth last quarter was a strong 3.5%. Unemployment was a very low 4.6%. That is well down into the rare "historically low" area -- labor is as tight as it gets. The stock market has been around all-time highs. Interest rates are fairly low.

The US federal deficit is rapidly falling as the growing economy generates quickly growing tax receipts. This fiscal year the deficit will likely be under 1% GDP -- making the US very frugal compared with most other developed countries. As a result the debt:GDP ratio is falling and the portion of the federal deficit going to financing the debt is falling, and is far lower than it was even in the late 1990s.

Also those of us who've been trying to hire people know anecdotally that competent labor is scarce, people are hard to find, and when you do find them they have other opportunities.

The US has a trade deficit, just as it has had for most of the past 400 years into colonial times, just as you have a trade deficit with your grocery store. But a trade deficit is simply not a measure of the economy's health, as the metrics above are -- it's nothing but an arithmetical sum.

Answer 2

here i am assuming your talking about the american economy

bad judging by the balance of payments deficite ($806 billion last year) americas future is beginning to look bleak

Answer 3

Bad, and getting worse everyday.

Answer 4

Cofusing at best.