Experts predict steady US economic growth in 05

[tnitsuj]

http://www.usatoday.com/money/...1-21-econ-survey_x.htm

 

[TheGameIs21]

WAIT!!!

Bush will be President during '05. How can we have economic growth? Oh, I know... They only asked Bush Supporters to fill out the survey. Those mindless drones read the talking points and decided that yes, the economy will grow...

but will not return to the frenetic pace seen in the late 1990s,

I would hope not... That would be a great indicator that we were going to have the same crash just as fast as .com. Slow and steady is good in economics.

 

[tnitsuj]

True..but inflationary pressures, the weak dollar, and the defecit are all weighing heavily as Mr. Greenspan stated last week. I am buying real estate. Seems to be a safe thing to do.

 

[Moonbeam]

It's Clinton's fault.

 

[Genx87]

This has to be lies!

 

[alent1234]

i'm taking a basic economics class now and the policies of the last few years are exactly what is in the text book. in a recession you lower taxes and increase spending.

 

[0marTheZealot]

and in a basic biology course, DNA transcription and translation is relatively straight forward.

 

[Vic]

Originally posted by: alent1234
i'm taking a basic economics class now and the policies of the last few years are exactly what is in the text book. in a recession you lower taxes and increase spending.

Hey, it worked for Hoover, right?

:roll:


Leading indicators are down for the past 4 months in a row. Oil prices remain high. Dollar is down. Inflation is looming. Debt of all kinds is at all-time highs. Assuming no important changes, the economy will stumble in the spring to rebound mildly in the summer. GDP up roughly 3% for the whole year. In other words, it will feel just like the last 4 years.

 

[dmcowen674]

Originally posted by: TheGameIs21
WAIT!!!

Bush will be President during '05. How can we have economic growth? Oh, I know... They only asked Bush Supporters to fill out the survey. Those mindless drones read the talking points and decided that yes, the economy will grow...

but will not return to the frenetic pace seen in the late 1990s,

I would hope not... That would be a great indicator that we were going to have the same crash just as fast as .com. Slow and steady is good in economics.

"Oh, I know... They only asked Bush Supporters to fill out the survey." Obviously

Survey participants named terrorism and oil prices as the biggest risks to the U.S. economy in 2005.

Nothing new here, Brainwashing is as good as powerful drugs.

 

[IHateMyJob2004]

Inflation wil lbe under 5%. Not bad versus historical normas and cosnidering that last year's rate was well below historical norms.

the weak dollar and hte deficit scare the crap out of me. Raising hte debt ceiling won't help one bit... Just remember, the weak dollar is a side effect of MASSIVE debt.

Real estate is good protection against inflation. I hope you are doing this outside of the stock market though (REITs) and being an active investor.

 

[Kibbo]

Originally posted by: alent1234
i'm taking a basic economics class now and the policies of the last few years are exactly what is in the text book. in a recession you lower taxes and increase spending.

First of all, that relys on Keynsian assumptions, which are debatable.

Second, spendng is much more effective under a Keynesian scheme than are tax cuts (or direct income transfers, for that matter). It whips through one extra round with

Third, as soon as inflation starts to rear it's head, you should pull back on the throttle.

There is no justification to be doing this when you have decent growth numbers and your dollar risks collapse.

 

[chess9]

Well, Dave, I for one think oil prices will start climbing again. With China online to buy so much more oil I don't see how prices can't rise significantly.

I'm hoping everything holds together though. I posted a few gains post election, but they are looking to be short-lived in this antsy market. This market just doesn't have confidence yet, which suggests a lot of investors are hedging their bets and taking short term profits.

I would love to see Congress do somethng concrete about LOWERING the deficit, rather than raising the debt ceiling. Good grief.... Those people spend like Americans. 🙂

-Robert