Is the economy of USA showing some sign of recovery? Is it real or illusory?
@narayan2006 (2954)
India
December 2, 2010 11:16am CST
It is reported that the largest economy of the world is showing a positive sign of recovery across a wide variety of sectors,after a long period of recession.US consumers are the biggest drivers of global economy.They are now beginning to lower debt and hoarding cash at a slower rate than before.This is extremely good news for USA and for the world. Rising confidence among U.S consumers will save the country from double dip. Some says that such sign is illusory than real.This because it is a result of near zero interest rate and large scale money printing. The situation will change once the interest rate rises and money printing stops. What are your views?
2 responses
@celticeagle (166757)
• Boise, Idaho
4 Dec 10
It really depends on who you talk to. Some people feel that it is still a big problem. Others are doing well and see no, or little, problem. And, as in most things, there is a surge before a big drop. I am not very positive these days about the economy or the men in charge. I will wait and see what happens.
@narayan2006 (2954)
• India
6 Dec 10
Thanks for sharing your viewpoints. Every cloud has a silver lining. We need to look forward to a positive change. US citizens have the necessary strength and intelligence to influence the Government to bring stability and growth to the largest economy of the globe. Have a nice day!!
1 person likes this
@celticeagle (166757)
• Boise, Idaho
7 Dec 10
Glad you have such positive insight about the government. I don't. Watch Conspiracy Theory occasionally. Talk to Alex Jones. Go to such sites as: Sourcewatch, GreasyOnline,Infowars,newswithviews,humanevents,etc. and see if you feel so positive. Do you know anything about Plum island, fusion centers, FEMA camps, Georgian Guidestones, the Bilderberg Group, Gordman Sachs, Rima Laipo, InfraGuard, ClimateGate, Cheyenne Mountain, Operation Paperclip, Morey Strong,and Jane Tipson? YOU have a nice day!
@traciesdaddy (17)
• United States
2 Dec 10
They keep saying the recession is "over" - but I don't see it, and it's definately not over for the 3 good friends I have who are currently out of work.
