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© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Top finance officials grapple with weak growth
By MARTIN CRUTSINGER WASHINGTON©2024 GPlusMedia Inc.
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jerseyboy
Hope this means that posters here who state that the U.S. is in love with Abenomics will drop that nonsense.
sangetsu03
Nonsense. They are creating a massive international pork project full of the usual graft and contractor kickbacks, and labeling as necessary for the public good. The two trillion dollars will have to be borrowed at interest, and the economic impact of putting the world further in debt will further skew natural economic cycles, and any jobs created will be offset by losses in other sectors. The main beneficiaries of these "public works" projects will be public officials.
We need to take our checkbooks away from thse thieves.
JeffLee
Obama, Bernanke and Yellen have been conducting their form of Abenomics. But unlike Japan, they've been doing it properly, without a sales-tax hike, which is why the US is recovering more strongly than anyone else.
sangetsu03
There has been no "strong" growth in America. At best, American growth is stagnant. Workforce participation, which is the true measure of employment, is now at 62.8%, the lowest since 1978. I remember 1978, when companies were putting signs outside which said "Not Hiring". Next, net wages have decreased since 2009, and poverty has increased.
The only growth has been that seen by the stock market, which has been pumped up by the 4 trillion dollars added to the banking system. This extra 4 trillion has been loaned at low interest to companies, which have issued debt to buy up their own stocks, driving up their prices. In any case, compared to 2009, we have fewer people working, and those who are working are making less money, at a cost of $4 trillion to the taxpayers. If this is a recovery, I hate to see what the next recession will look like. Once the economy begins paying for the "Affordable Care Act", we will probably get to see first hand.
JeffLee
The IMF has just upgraded its growth forecast for the US, while downgrading Japan's and Europe's. America is staging the strongest recovery of the major powers, it's been widely acknowledged.
That's due to globalization, as corporations continue to ship jobs and technology overseas. The government's ability to create real jobs is limited. Better get used to it.
Jimmy Alegre
It was declared already how to guard any existing epidemic of any kind 1986 Japan but those knowledgable nations which has different agenda that studying dangerous epidemic that creating anti dote and owned pharmaceutical can airborne it to lesser knowledgable nations as bargaining chips to crack their natural resources so as use for Primarily World agenda and policy. These are already conjuncture with environment Global Warming on the text. And as Legarde said (IMF) it's real and be bolder, it might be radical by view but the weight are universal. Constraining consequences by illusions not by factoid can not advance any progress, best are formed then renegade and innovate to attach tranquility of unending success . Among of you knows that bigger space is more better for expanding rather than small or divided whether financial or any kind of form, for our world population and and the earth itself ain't shrinking but expanding and also billionaires views are lacking horizon to creat or investing their assets. Think!