Quote:
Originally Posted by Guest
I just noticed the Shell station has gas for $1.98 per gallon. I have not seen it that low in around 10 years.
Stock market is over 17,000.
Unemployment rate is just a smidge over 5 percent, I believe.
CPI is so low that Social Security will not be getting a COLA.
Basically, the economy is looking mighty good. Not perfect, but mighty good.  |
1. Gas price are low because of decreased world-wide consumption.
2. The stock market is over 17,000 because interest rates are near zero, so the investors have little choice but to invest in the market or accept minimal returns from fixed-income securities.
3. When you consider that the reported unemployment rate does not factor in eligible workers that are no longer looking for work. Bernie Saunders says the the actual number is 10.5%. Other believe it to be much higher.
4. CPI is low because inflation is low, and low inflation combined with low interest rates are characteristic of a weak economy. Also, low inflation leads to stagnant wages, a major complaint from the Left. The Feds goal for inflation is about 2% which would increase wages, and unfortunately the cost of goods to those on a fixed income.
5. I guess the economy looks good from you're perspective and to those fortunate enough to have a job. However, many economists would disagree.