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U.S. economy grew at 2.1% rate in third quarter

9 Comments
By MARTIN CRUTSINGER

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U.S. economy grew at 2.1% rate in third quarter

Gee, I guess that's a typo or something, since Alex80 was just posting on here a few days ago about how th U.S. economy is "broken" compared to Japan's. Growth versus recession! And the Fed is going to raise interest rates, which, as Yellen notes, Japan has tried and failed even at that:

“Japan, where interest rates have remained near zero for most of the past 25 years, serves as a cautionary tale.”

Near zero interest rates, and Japan is still in the dumpers. What am I missing Alex?

-1 ( +4 / -5 )

Damn, what a giant steaming load of economic propaganda.

Domestic demand in the U.S. economy remains very solid

The 20-30 demographic is facing significant underemployment, huge student loan debt burdens, unrivaled rent prices, and stealthily-concealed inflation on core consumable goods. And that is the age bracket that should be the primary drivers of growth in an economy: people at the beginning of their "peak consumption" phase where they are buying houses, making babies, etc... How much of this domestic demand is empty-nest Baby Boomers spending their childrens' inheritance?

The government reported that employers created 271,000 jobs in October, and the unemployment rate fell to a seven->year low of 5%.

Yet the labor force participation rate is at the lowest level since the late 1970's?

http://www.zerohedge.com/news/2015-09-21/mystery-missing-inflation-solved-and-why-us-housing-crisis-about-get-much-worse

https://www.linkedin.com/pulse/big-lie-56-unemployment-jim-clifton

http://www.zerohedge.com/news/2015-10-02/participation-rate-crashes-americans-not-labor-force-soar-579000-record-946-million

http://www.zerohedge.com/news/2015-04-03/no-country-young-workers-only-americans-55-and-older-found-jobs-march

-1 ( +3 / -4 )

I agree with Noble, of course. Jerseyboy never got my point, and he'll never get it. The Western economy (Japan included, its model is the same of America and Europe) is broken. You average people are always poorer vs big elites that are always richer. All the rest is propaganda.

-1 ( +4 / -5 )

I agree with Noble, of course. Jerseyboy never got my point, and he'll never get it. The Western economy (Japan included, its model is the same of America and Europe) is broken. You average people are always poorer vs big elites that are always richer. All the rest is propaganda.

Alex, "of course" I "got your point". It is just wrong, and, as usual, you have NOTHING to point to as an alternative.

-2 ( +3 / -5 )

As usual, even though I explained further why I disagree with you, you wouldn't get my point, Jerseyboy. Nationalism makes people blind. ;-)

-3 ( +2 / -5 )

These statistics, as ever, are rigged -- utterly untrustworthy.

2 ( +3 / -1 )

As usual, even though I explained further why I disagree with you, you wouldn't get my point, Jerseyboy. Nationalism makes people blind. ;-)

Alex, all you "explained" is a bunch of theory. None of which refutes the basic fact that the world's largest economy grew by 2.1 %, despite the fact that you say it is "broken". Meanwhile, the country who's economic and fiscal policies you applaud, is in it's second recession in as many years. Those are facts, and have nothing to do with "nationalism". So, once again, I say, I get your point. It just happens to be wrong.

1 ( +3 / -2 )

Jerseyboy, I never "applauded" Japanese economy, I always said that Western economies are broken, and I mean US, Europe and Japan...The "old" developed countries. Wake up. GDP numbers mean nothing and yeah, your nationalism makes you unable to see besides these useless GDP numbers. Bye ;-)

-2 ( +3 / -5 )

Alex80, let me fix your statement: "The AMERICAN economy is broken." Germany, Russia, Italy and Japan have been putting out false data for decades in order to look weaker. Why? Because every time another country does well Americans throw temper tantrums.

Japan fixed my broken body, gave me a life and a well-paying job. I don't care if there debt hits 999% of whatever useless metric their propaganda uses. I owe them my heart and soul, which they already have.

1 ( +1 / -0 )

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