2007-05-10 08:30:25 · 11 answers · asked by Anonymous in Social Science ➔ Economics
The U.S. economy is healthy despite the enormous deficit were currently running. Most of the business in the U.S. is service related with the majority of well paying industry having fled overseas.
A large deficit is being used to keep the dollar weak therefore attracting overseas buyers to purchase more U.S. products keeping American labor employed and in demand. Despite a weak dollar, the American buck is surpassing the yen on the foreign exchange market. So America's overall economy is healthy.
But its not the economy I'm worried about but the U.S. legal system.
2007-05-10 08:55:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Who are you cheering for? Real estate or Business's? These have an inverse relationship. When one win's the other looses.
Real estate ... we're year one of foreclosures ... an economic recession in terms of real estate is three consecutive years of foreclosures ... so if there is going to be a recession in housing ... well we're 33% of the way there.
Business's ... The Dow Jones broke 13,000 ... The bulls have left the cage and are trotting alone fine ... growth is slow, steady. After the foreclosure primes out ... well, we'll see a large increase in "Junk Bonds" where a few bond experts will get rich ... then the bulls should be on full charge and we'll see huge growth.
Yes, there are events that could change this pattern ... Pandemic flu, nuclear war, China finds new energy source ... but for the most part this is the upcoming cycle.
2007-05-10 20:11:25 · answer #2 · answered by Giggly Giraffe 7 · 0⤊ 0⤋
Mark,
Who said it was? There are some weaknesses here and there - there always will be. The market is up, most firms are making good money, unemployment is doing OK. All of these indicators can't be wrong. I do believe that it's time for an adjustment but it won't be a 'crash'.
2007-05-10 15:34:17 · answer #3 · answered by Pete W 5 · 0⤊ 0⤋
In spite of what the liberals are screaming, it's in good shape. Look at the stock market! While it's down today, it is much higher than it was even a month ago. Unemployment is low.
2007-05-10 15:39:26 · answer #4 · answered by JessicaRabbit 6 · 0⤊ 1⤋
Thanks for not contributing anything yankee girl. Glad you based your answer on logic and not emotion and a lack of facts.
Actually I think the dollar is stronger than the YEN because Japan and other Asian countries are purposely buying and holding tirllions of dollars in order to make it that way...for the purpose of making their currency weak relative to ours and easier for them to export to the US. Either way, the strength of one's currency is not a good thing to look at to judge the strength of any economy.
2007-05-10 16:29:08 · answer #5 · answered by Thom 5 · 1⤊ 0⤋
Not bad infact its a healty economy
2007-05-10 16:48:12 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Compared to 90% of the rest of the world? I think we're OK.
2007-05-10 15:32:35 · answer #7 · answered by RcknRllr 4 · 0⤊ 0⤋
$120 million + in discressionary income spent on a PPV fight last week.
Not too bad I'm betting overall.
2007-05-10 15:32:42 · answer #8 · answered by wizjp 7 · 0⤊ 0⤋
real bad go for one day and watch the food or soup kitchens,welfare offices and s.s. office you will find your very own true answer.
2007-05-10 15:34:19 · answer #9 · answered by ? 7 · 0⤊ 2⤋
Hopeless as long as the republicans are in there.
2007-05-10 15:37:09 · answer #10 · answered by Anonymous · 0⤊ 2⤋