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Topic: US economy


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In the News (Sun 29 Nov 09)

  
  US economy on verge of collapse, warns LaRouche
Lyndon H LaRouche, US economist and Democratic Party candidate for the 2004 presidential elections, has warned that the beleaguered United States economy would collapse in the near future due to the irrational fiscal and monetary policies being pursued by the Bush Administration even after the Iraq war and the 9/11 attacks.
"The US economy is on the verge of collapse due to the parasitical and monetary policies of the war-mongering Bush government.
The robust US economy began to decline with the emergence of the Bush Administration in early 2001, and any recovery is unlikely due to mounting federal and current account deficits, growing inflation, rising unemployment, and a weak dollar.
rediff.com /money/2003/may/26larouche.htm   (733 words)

  
 Is the US economy on the Japanese road?
There is growing concern in leading financial circles and sections of the financial media that whether or not the current downturn in the US economy leads to a recession—defined as two consecutive quarters of negative growth—there is something more to the present situation than the “normal” workings of the business cycle.
The chief problem confronting US financial authorities and policymakers is that the so-called “imbalances” in the economy—the growth of private debt and the balance of payments deficit—were not simply the “bad” side of economic growth, particularly over the past five years, but were essential to it.
But in the light of the severe crisis now gripping the US economy—whether or not this brings outright recession in the immediate period—there are now the beginnings of a recognition that what took place in Japan may well have been a particular expression of an essentially global process.
www.wsws.org /articles/2001/feb2001/us-f08.shtml   (1512 words)

  
 Us economy
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us-economy.vanur.com   (2355 words)

  
 US economy, trade deficit
When it comes to the US economy, or any other economy for that matter, it is not just the quality of the statistics that matter but more importantly the quality of the economic analysis that is applied.
At the same time corporate profits in the US economy have risen to nearly 11 per cent of GDP, the highest level in 37 years.
Not only that, but the US economy is likely to find that a number of firms have been misled into shifting operations abroad.
www.brookesnews.com /053005useconomy.html   (766 words)

  
 Asia Times - Asia's most knowledgable news source
US policymakers are depending heavily on a Chinese revaluation and a corresponding improvement in the balance of trade with China.
When the US financial markets cratered in early 2000 after one of the biggest financial parties in the history of mankind, the Fed quickly stepped in to fill the void with liquidity.
US president Richard Nixon closed the gold window in 1971, severing the link between the dollar and gold once and for all.
www.atimes.com /atimes/Global_Economy/FJ14Dj01.html   (2543 words)

  
 The China Factor and the US Dollar - Mises Institute
The possibility that the Chinese authorities may lower their holdings of US assets and substitute them for European assets is seen as a major threat to the US dollar and seems to support the view of most experts.
Now, let us assume that this shift, which is motivated by the growing US current account deficit, runs contrary to the underlying exchange rate, i.e., as set by the relative purchasing power of monies.
In the US context, the ever-widening current account deficit is the manifestation of the fact that despite the loose monetary policies of the Fed foreigners are still happy to be paid with US dollars.
www.mises.org /fullstory.aspx?Id=1688   (2306 words)

  
 US economy - recession
To expose this fallacy was to paint a different and somewhat grim picture of the US economy even as others rambled on ecstatically about the “new era economy”.
That the Fed realised monetary expansion was responsible for the situation was admitted by Greenspan when he pointed to the effects of the “flood of liquidity” into the US economy.
In July 1929, about five months before the October crash, the US economy had already shown distinct signs of an emerging depression: manufacturing was slowing down, output was falling, layoffs rising and capital utilisation was declining.
www.brookesnews.com /050606useconomy.html   (1358 words)

  
 The stagnating US economy
The slight growth in the economy was entirely due to wholesalers maintaining their inventory levels after more than a year of cutting their stockpiles.
A surge in oil prices in the event of a US strike against Iraq, together with extra war expenditure (when the Federal budget is moving sharply into deficit, mainly because of Bush’s tax cuts to the rich and generally declining revenues) would be additional negative economic forces.
US capitalism is burdened with huge overcapacity and mountains of debt, and the anaemic state of the world economy offers no easy way out.
www.socialismtoday.org /68/USEconomy.html   (2782 words)

  
 Bloomberg.com: Economies
``The U.S. economy is slowing from its unsustainable, blistering pace of earlier this year,'' Dallas Fed President Richard Fisher said in a speech yesterday in Dallas.
He also said the economy is at ``a crossroads'' as low long-term rates interest rates and strong global growth may increase the time it takes the Fed's actions to lower inflation.
The economy this quarter will grow at an annual rate of 2.8 percent, according to the median estimate of economists surveyed by Bloomberg survey from July 28 to Aug. 10.
www.bloomberg.com /news/economy/economies.html   (932 words)

  
 US Economy   (Site not responding. Last check: 2007-10-12)
I believe the major reason was they did not want the economy to fall into a steep recession after 911 which would have given a “victory” to the terrorists.
Unfortunately, because of the excess of the late 1990’s the US needed a moderate recession to rebalance the economy, but allowing this was politically unacceptable.
The US economy has been extremely resilient in the face of tremendous downward pressure.
www.proverbs22-3.net /html/us_economy.html   (1411 words)

  
 Safe Haven | Is the US Economy Shock-Resistant?   (Site not responding. Last check: 2007-10-12)
Not only does the US consumer have record amounts of debt, but the drivers that have allowed this debt to accumulate have shifted into reverse: interest rates are rising and housing prices are at risk of declining.
If the US economy slows, foreigners may be less inclined to invest their assets in the US economy.
The US economy is growing briskly; yet, "employee discounts" have to be awarded by the auto industry to empty inventories.
www.safehaven.com /article-3765.htm   (2242 words)

  
 Outline of the U.S. Economy
The United States is often described as a "capitalist" economy, a term coined by 19th-century German economist and social theorist Karl Marx to describe a system in which a small group of people who control large amounts of money, or capital, make the most important economic decisions.
The U.S. Food and Drug Administration bans harmful drugs, for example; the Occupational Safety and Health Administration protects workers from hazards they may encounter in their jobs; and the Environmental Protection Agency seeks to control water and air pollution.
Major U.S. cities such as New York, Los Angeles, Philadelphia, Dallas, and Phoenix began to employ private companies or nonprofit organizations to perform a wide variety of activities previously performed by the municipalities themselves, ranging from streetlight repair to solid-waste disposal and from data processing to management of prisons.
usinfo.state.gov /products/pubs/oecon/chap2.htm   (4208 words)

  
 RTE Business - Housing slump threatens US economy
The US economy is poised to slow gently but a housing crash is a potential threat and the Federal Reserve will have to stay vigilant on inflation, the IMF said today.
It also noted that even as US growth slows, inflation has built to levels that should worry the Federal Reserve after the US central bank last month called a halt to a long-running series of interest rate hikes.
The IMF's latest forecast for the world's biggest economy in 2007 was down from the 3.1% given in July and 3.3% in April, and would be worse than the annual average pace over 2003-2005 of 3.2%.
www.rte.ie /business/2006/0914/imf2.html   (594 words)

  
 The Hindu Business Line : US economy wobble
The US economy is giving off quite a few negative signals: A huge current account deficit of around 6.3 per cent of GDP; the Fed hiking the benchmark rate; a relatively high level of uneployment; and the low domestic savings rate.
Yet, if the economy has not slipped into a crisis it is because of the inflows of capital from across world.
So, in a way, the expansion in the US economy would not have happened if the rest of the world had not lent to it.
www.thehindubusinessline.com /2006/05/26/stories/2006052600321300.htm   (718 words)

  
 US Economy   (Site not responding. Last check: 2007-10-12)
The US Economy is good at the moment, but is being pushed rapidly toward a recession or worse.
First, the US does not need to be #1 in every metric and in fact it would be unhealthy for our country and the US Economy to be #1 in every metric.
The US Economy is a house of cards because of the amount of money we owe to social security, Medicare, government pensions, national debt, and trade deficit (and state and local debt).
www.armchairpresident.com /US_Economy.shtml   (1420 words)

  
 Economy of the United States - Wikipedia, the free encyclopedia
U.S. liabilities to foreigners are estimated at $15 trillion in 2005, and continue to grow.
Strong government regulation in the U.S. economy started in the early 1900s with the rise of the progressive movement; prior to this the government promoted economic growth through protective tariffs and subsidies to industry, built infrastructure, and established banking policies, including the gold standard, to encourage savings and investment in productive enterprises.
The national debt, also known as the U.S. public debt and the gross federal debt, is the overall collective sum of yearly federal budget deficits owed by the United States federal government.
en.wikipedia.org /wiki/Economy_of_the_United_States   (3444 words)

  
 Asia Times - The IMF and the US economy
The US imported $121.4 billion in goods from Japan in 2002, $125.2 billion from China, $33.6 billion from South Korea, $32.2 billion from Taiwan and $9.6 billion from Hong Kong.
As US Federal Reserve Chairman Alan Greenspan ordered a series of rate cuts that drove interest rates to their lowest levels since World War II, millions of homeowners, motivated by rising house prices and plummeting interest rates, refinanced their homes, took the money out and have been spending it on consumer goods.
A report for Congress written by the Congressional Research Bureau of the US Library of Congress makes much the same point, saying that while there were major increases in house prices in California and New England, rises n prices in the rest of the country has been largely in line with inflation.
www.atimes.com /atimes/Global_Economy/EH16Dj01.html   (1552 words)

  
 Bush acknowledges the collapsing US economy - Pravda.Ru
The US government plans to spend $286 billion on the implementation of the law during the forthcoming six years.
The US Treasury, however, will have to spend only $12.3 billion during ten years to guarantee the energy security and independence within the scope of the recently passed energy policy law.
In addition, many protest against the unwillingness of the US Congress to control the state spending at the moment, when the budgetary shortage is to exceed the record-breaking $333 during the current year.
english.pravda.ru /world/20/91/368/15972_economy.html   (1058 words)

  
 World economy - Wikipedia, the free encyclopedia
The world economy can be evaluated in various ways, depending on the model used, and this valuation can then be represented in various ways (for example, in 2006 US dollars).
The causes: sluggishness in the US economy (21.6% of GWP) and in the EU economy (21.4% of GWP) ; continued stagnation in the Japanese economy (7.0% of GWP); and spillover effects in the less developed regions of the world.
The terrorist attacks on the US on September 11, 2001 accentuate a further growing risk to global prosperity, illustrated, for example, by the reallocation of resources away from investment to anti-terrorist programs.
en.wikipedia.org /wiki/World_economy   (1400 words)

  
 It's time to take seriously a US-led global recession Lau Nai-keung
The US Government indebtedness is financed this way: The US now runs a trade deficit roughly 6.5 per cent of its GDP and the gap is widened every day.
Now the US economy is dependent on the central banks of Japan, China and other nations to invest in US Treasuries and keep American interest rates down.
To us, the good news is that when the country is in deep trouble, the US will not have the energy to pick on China.
www.chinadaily.com.cn /english/doc/2005-10/06/content_482807.htm   (1131 words)

  
 RTE Business - US economy risks recession from $100 oil
Oil prices at $100 a barrel would push the US economy into recession, according to a survey of 195 US economists released today.
Iran says it is developing peaceful nuclear energy, but is suspected by the US and European countries of pursuing a secret drive to build atomic weapons.
The NABE survey found that terrorism was seen as the biggest short-term problem facing the US economy, identified by 34% of respondents, up from 26% in the last poll in March.
www.rte.ie /business/2006/0828/usa.html   (330 words)

  
 Economy In Crisis - Creating Awareness of Our True Economic Condition
GM and Ford were instrumental in the past helping us win World War II and subsequently raising our living standards.
Soon we will be left with only a service economy and no industrial base in the future.
A service economy may not generate enough income for Americans to even own a car when our only choice is to buy a foreign car.
www.economyincrisis.org   (402 words)

  
 US economy is an accident waiting to happen
The US could not continue to live beyond its means indefinitely, and there were only two ways to deal with the unsustainable imbalances in the global economy: the nice way or the nasty way.
Although the global economy has continued to expand and the outlook was “positive for further growth”, it stressed that higher energy prices, growing global imbalances and rising protectionist pressures “have increased the risks to the outlook”.
It noted that so far the US had experienced little difficulty in financing imbalances but that there was no guarantee that this benign state of affairs would persist.
www.gnn.tv /forum/thread.php?id=8698   (1658 words)

  
 Faith in the Economy | Current Era
One thing about facts is that we have to face them, and facts are that the US economy would have had a much harder time developing without slavery.
Much of the unrest and uprisings early on in the history of the US well up into middle of the last century was a direct result of the plight of the workers.
This fanatical faith in what is good for the economy is good for all of us astounds me. The final argument given too often for bad policy is that it is good for the economy.
currentera.com /FaithInTheEconomy.html   (903 words)

  
 Political Affairs Magazine - US Economy under Stress
Professor Niall Ferguson of Harvard University compares the US economy to a dinosaur, whose bulk once shook the ground.
Like the dinosaur, "the US economy is mind-bogglingly enormous, two and a half times as big as the next largest economy in the world and almost as large as that of the six other members of the Group of Seven combined.
The effective tax amnesty, inducing American corporations to bring their money back to America in return for paying a tax that is a sixth of their normal tax, has made this year's revenues look better than they otherwise would, and the deficit smaller than it otherwise would.
www.politicalaffairs.net /article/articleview/4004/1/207   (1051 words)

  
 Truthdig - Ear to the Ground - U.S. Economy Devalued
Although the US remained the global engine of technology, WEF said its business environment was being endangered by the fragile state of its public finances.
The US has seen its budget and trade deficits spiral in the past few years as a result of heavy government spending and rising trade imbalances with countries such as China and Japan.
The US trade deficit is expected to top last year’s record level of $717bn (378bn; 565bn euros) in 2006, while the budget shortfall, although expected to be significantly lower than last year, is still forecast to be close to $300bn.
www.truthdig.com /eartotheground/item/20060926_us_economy_devalued   (650 words)

  
 US economy's edge: entrepreneurs | csmonitor.com
A new study shows that start-up activity in the US is twice the average of Western nations.
From Boston to Silicon Valley and in smaller places in between, one of the economy's vital rivers of growth - venture capi- tal - is flowing abundantly.
Economies that are open to the rise of new corporations also tend to see some giants fade out - a process often dubbed "creative destruction."
www.csmonitor.com /2006/0816/p02s01-usec.html   (839 words)

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