This is the first piece I've read so far that seems to put the current economy in the view it deserves. This part caught my eye:
Real gross domestic product is growing at an anemic pace. Exports are down, and state and local governments are spending less. The consumer price index is falling in a condition known as deflation. Even national defense spending is down. Despite the bad news, consumer spending and home building are rising. Real disposable personal income is roaring ahead at growth rates of 6.2 percent in the first quarter of 2015 and 3.6 percent at the end of 2014. Even the personal savings rate is up (5.5 percent so far this year and 6.2 percent at the end of 2014). These consumer factors are attributed to an increase in government social benefits, though, and not to jobs and economic prosperity. Social Security makes payments to more than 64 million Americans and nearly 3 million more receive federal government retirement checks. More than 20 percent of the US population is basically living on fixed-incomes.
And the part in bold is not reported by the Left-wing media.
Read the full, interesting essay @ A Leaky Economy Newgeography.com
And then, there's this: The Real Reason The US Economy Simply Won't Grow: Lowest Worker Productivity In 22 Years @ The Real Reason The US Economy Simply Won t Grow Lowest Worker Productivity In 22 Years Zero Hedge
And why not when so many high school graduates can't read or write at a 5th grade level!
Real gross domestic product is growing at an anemic pace. Exports are down, and state and local governments are spending less. The consumer price index is falling in a condition known as deflation. Even national defense spending is down. Despite the bad news, consumer spending and home building are rising. Real disposable personal income is roaring ahead at growth rates of 6.2 percent in the first quarter of 2015 and 3.6 percent at the end of 2014. Even the personal savings rate is up (5.5 percent so far this year and 6.2 percent at the end of 2014). These consumer factors are attributed to an increase in government social benefits, though, and not to jobs and economic prosperity. Social Security makes payments to more than 64 million Americans and nearly 3 million more receive federal government retirement checks. More than 20 percent of the US population is basically living on fixed-incomes.
And the part in bold is not reported by the Left-wing media.
Read the full, interesting essay @ A Leaky Economy Newgeography.com
And then, there's this: The Real Reason The US Economy Simply Won't Grow: Lowest Worker Productivity In 22 Years @ The Real Reason The US Economy Simply Won t Grow Lowest Worker Productivity In 22 Years Zero Hedge
And why not when so many high school graduates can't read or write at a 5th grade level!
