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Very good US economic data................


Clanrickard

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Apr 25, 2008
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Consumer Comeback - Business Insider

US employment data reveals economy is bouncing back strongly | Laura Tyson | Business | guardian.co.uk

The two links above show the US performing strongly and in contrast to the useless EU is emerging from recession. That in turn is good news for us as we can get a spin off. It is seemingly once again left to the US to drag the world of its funk. The one cloud is the so called fiscal cliff that approaches at the end of this year when Bush tax cuts expire and cuts kick in. If Obama gets back in he may face a belligerent Republican controlled congress and the gridlock could halt this spurt.l
 

neiphin

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is there a debate this week ?
 

Prester Jim

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Consumer Comeback - Business Insider

US employment data reveals economy is bouncing back strongly | Laura Tyson | Business | guardian.co.uk

The two links above show the US performing strongly and in contrast to the useless EU is emerging from recession. That in turn is good news for us as we can get a spin off. It is seemingly once again left to the US to drag the world of its funk. The one cloud is the so called fiscal cliff that approaches at the end of this year when Bush tax cuts expire and cuts kick in. If Obama gets back in he may face a belligerent Republican controlled congress and the gridlock could halt this spurt.l
Very good news if it is true, there is an election in the offing so I am hopeful with a smidgin of skepticism.
 

Analyzer

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.....talk about perfect timing to have an optimistic economic statistic.....
 

Clanrickard

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.....talk about perfect timing to have an optimistic economic statistic.....
I think it is too late to help Obama. I doubt at this stage this data will feed through in sufficient quantity to ordinary voters to make a difference.
 

kerdasi amaq

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The Americans are cooking the books. They are torturing the statistics so that they'll make Obama look competent.

The Americans are banjaxed and voting Romney in can't save them from Bush-Clinton-Bush-Obama sabotaging their nation.
 

neiphin

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I think it is too late to help Obama. I doubt at this stage this data will feed through in sufficient quantity to ordinary voters to make a difference.
there are still 2 weeks to election day
how dim do you think americans are

faux news has been overtaken a while ago in viewer numbers
ordinary voters in ny or wy dont make any differ
big push in florida ,ohio and ill
 

Clanrickard

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The Americans are cooking the books. They are torturing the statistics so that they'll make Obama look competent.

The Americans are banjaxed and voting Romney in can't save them from Bush-Clinton-Bush-Obama sabotaging their nation.
Whatever...........next.
 

JamieD

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Consumer Comeback - Business Insider

US employment data reveals economy is bouncing back strongly | Laura Tyson | Business | guardian.co.uk

The two links above show the US performing strongly and in contrast to the useless EU is emerging from recession. That in turn is good news for us as we can get a spin off. It is seemingly once again left to the US to drag the world of its funk. The one cloud is the so called fiscal cliff that approaches at the end of this year when Bush tax cuts expire and cuts kick in. If Obama gets back in he may face a belligerent Republican controlled congress and the gridlock could halt this spurt.l
Considering the size of the U.S. GDP, anything that happens there will spread to the rest of the world economically. It is running an absolutely gigantic trade deficit and has been for some time, which works in the favour of so many other countries around the world. The U.S. isn't dragging others out of economic crisis as if its on some moral grounds like post WWII-era Europe, it's macroeconomics played out on an international scale. Not much longer than 4 years ago, a single investment bank failure in the U.S. almost broke the world. The recovery in the U.S. has been slow but it has been going for about two and a half years. Hell, even property is making a comeback in many areas in the United States.

The problem in Europe is still within the realm of financial services, in that banks (particularly in Spain and Italy) are in SERIOUS trouble, they are taking on enormous losses and therefore are not supplying the economy with credit. The dramatic effect this has on the state (high unemployment, huge deficits due to social welfare programs that come with unemployment, depleted consumed confidence and so on) then means that the financial markets will not loan to the states at a sustainable rate of interest. Look at Ireland, huge unemployment, a ballooning debt to GDP, yet Ireland is running a pretty respectable trade surplus, revenues are up marginally and so forth. It is quite clearly a financial services problem. If banks could loan out more, that creates more job and those jobs produce more wages that are spent in the real economy. Your spending is my income, and vice versa.

In the U.S., they responded to their financial services problem with QUICK Federal Reserve actions (that didn't require countless fruitless summits) and with (yes) government cash. The U.S. has a major advantage over Europe in this area.. the Federal Government just has powers the EU/Eurozone does not have.
 

Oblivion.

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Hmmm........ "recovery", or temporary delay of total collapse via an explosion of government debt, in order to (literally) buy the system a few more years?

What does your common sense tell you??? p.s Last week, Chinese firm Lenovo overtook HP to become the largest manufacturer of computer chips in the world. I thought the USA's "high tech" economy was supposed to come to the rescue? Now the Chinese are moving to dominate both ends of the value chain. We were told that China wasn't a threat to high tech Western companies. They were supposed to stick to plastic toys and cheap socks. It appears they didn't get the memo.
 
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JamieD

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Hmmm........ "recovery", or temporary delay of total collapse via an explosion of government debt, in order to (literally) buy the system a few more years?

What does your common sense tell you??? p.s Last week, Chinese firm Lenovo overtook HP to become the largest manufacturer of computer chips in the world. I thought the USA's "high tech" economy was supposed to come to the rescue? Now the Chinese are moving to dominate both ends of the value chain. We were told that China wasn't a threat to high tech Western companies. They were supposed to stick to plastic toys and cheap socks. It appears they didn't get the memo.
Largest manufacturer of computer chips? Where did you get that from? The only thing I can think of is the Gartner research report that had Lenovo slightly ahead of HP in the global PC market, but at the same time, IDC has HP slightly ahead of Lenovo. HP did see a massive drop in PC shipments over the same period of last year, but it's no secret that HP has been having a tough time recently. HP and Lenovo have divisions that assemble PCs, but they aren't chipmakers.

Lenovo is also a very broadly spread multinational. It is a Chinese company, but its headquarters are in America. It also has some of its ThinkPad division located in Japan, and many other operations spread around the world. It's success in PCs also has a lot to do with its acquisitions overseas. It bought IBM's PC division in 2005, it bought Medion in 2011 and has a joint venture with NEC in Japan. A lot of chinese tech firms are similar in how they conduct business. Remember, their domestic market requires them to produce low-cost devices so they have no choice but to move overseas. Still, the entire PC market is shrinking due to both economic conditions and rivalry from tablets and smartphones for basic computing needs. Microsoft's Windows 8 is expected to boost the market again quite a bit.

As for the U.S., there is actually quite a lot of start-up activity in America now, and a lot of dollars being pumped into R&D again. That's always encouraging. Chinese companies are coming along quickly (doesn't hurt that they buy Western companies and import Western talent) but they are still a way behind on the whole. How long will it take them, for example, to produce a real rival for commercial planes that can actually take market share from Boeing and Airbus?
 
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Expect to see a lot of economy talk regardless, it's easy enough to tie foreign to domestic policy with a few rhetorical flourishes.
I'd guess so. That won't be to the benefit of Romney.

If I were him I'd pull a sickie on the day of the debate.
 

JamieD

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He's ahead in the polls!
Not Gallop, at least not nationally, last time I saw the polls, although he is (afaik) still ahead in swing states, so still very likely to gain a second term. With the last debate on foreign policy he's looking much stronger though, since Romney's whole "surge" was a result of the first debate.
 

seabhcan

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Sep 3, 2007
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Hmmm........ "recovery", or temporary delay of total collapse via an explosion of government debt, in order to (literally) buy the system a few more years?

What does your common sense tell you??? p.s Last week, Chinese firm Lenovo overtook HP to become the largest manufacturer of computer chips in the world. I thought the USA's "high tech" economy was supposed to come to the rescue? Now the Chinese are moving to dominate both ends of the value chain. We were told that China wasn't a threat to high tech Western companies. They were supposed to stick to plastic toys and cheap socks. It appears they didn't get the memo.
Lenovo make laptops, not chips. They import the chips from Japan and Taiwan. And they've overtaken hp in production of laptops - but virtually all hp laptops are made in china anyway. And Lenovo only make laptops because they bought out the IBM laptop design division - which also made their laptops in china.

All that has changed is the branding
 
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making waves

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All Hail !!! - glorious capitalism is resolving the crisis - we have learnt from the mistakes of the past and will never allow this to happen again - until the next one.

By the way - the economic data in the US has been bouncing all over the place for the past two years. The US government is up to it preverbial skinnies in debt and the level of personal debt in the USA is massive. The pump-priming of the US economy by QE1, QE2 and now QE3 (wait for 4 and 5) is having a limited effect on both the US and world economies - it is a short term stop-gap to prevent a 1930s style depression in the US and is like a pack of cards ready to be blown over with a single puff of dodgy figures.

Keynesian expansion can have an effect on pump-priming the economy and lifting it out of recession - but the current crisis is far too deep and is systemic and as a result Keynesian quantative easing will only have a limited short term effect. There is no resolution to this crisis on the basis of capitalism. The world economy will bounce along the bottom of the trough for years if not decades and any recovery will be limited and result in further downturns on a regular basis.
 
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