USA Gross Domestic Product at 2 % . Does anybody knows economy ?

My dear planet earth neighbours , can we make a little effort to be serious ?

The increase of 2 % of american GDP has been possible at the expenses of no more no less than consumption representing 70 % of that figure .

Remember that we are still wondering what awaits us around the corner after a tremendous crisis which no serious analyst considers to be over .

Recovering a certain pace on the basis on consumption while competitiveness and deficits stay where they are can only mean that we are making enough merits to jump back into a situation much worse than the one we are yet trying to overcome .

The typical speculators around the world are already interpreting this figure as good data to get naive investors back in the stock exchange of depressed markets with the collaboration of distorted info by too many media channels .

Has anybody noticed that Germany is doing much better with hardly 55 % of its GDP obtained by way of consumption and an euro at near 1.40 $ ?

Hamburgers ,beer and incentivated cheap cars and 20 $ trousers on easy borrowing , canot simply be the stars of american recovery no matter how much we may love hamburgers and beer .


Published in: on octubre 29, 2010 at 4:38 pm  Deja un comentario  

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