Is the Economy Gaining Momentum?
No, the growth is unsustainable: 64%
Yes, the recovery is in full swing: 18%
“GDP growth is too low to create critical mass and sustained expansion. Until we are running on all cylinders 3%+ growth for multiple quarters, we will have a fragile economy.”
“The GDP is one of the most contrived numbers reported by government agencies. Although useful, it is only useful in context of a variety of other metrics and reports. Ultimately the deleverging of the debt load of consumers and government will need to be addressed. How that is done may render these short term GDP reports irrelevant.”
“Based on worldwide infrastructure expenditures, there is NO recession!! The technology sector of the
“Too many headwinds - foreclosures, healthcare, deficits, etc. Most of all, we have to quit scaring and demonizing the rich to where they are hoarding money for future higher taxes. The 1% spends 20% of the money. Scare them into spending 10% less and you’ve dampened GDP by 2% thus creating worsening/prolonging the recession.”