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These Two Charts Show Why the U.S. Economy Is Ready for a Rebound

Society & Culture  (tags: Americans, economy, society, interesting, news, government )

- 1700 days ago -
Two key underlying trends point to better days ahead, argue economists at consulting firm IHS Global Insight.

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Fiona O (565)
Thursday September 26, 2013, 4:18 pm
Not optimistic.

Sheila D (194)
Thursday September 26, 2013, 4:56 pm
Households have nearly tackled their debt poblems...who have they been talking to?? People that I know have had to use their credit cards more, especially for essentials such as food, or to pay utility bills. That's not tackling their debt, but adding more to it...not for frivilous things, but for necessiies. The middle class has pretty much gone, and the poor, myself included, have no idea when they'll be able to pay down their debts, especially with the Snap and othere entitlements cuts.

Charts and graphsare all nice and pretty but can be very misleading as to the actual state of finances in America.

Jason S (50)
Thursday September 26, 2013, 6:45 pm
Good posting, thanks

Theodore Shayne (56)
Friday September 27, 2013, 9:48 am
Really and yet there are economists who predict a major, major crash in December 2013. Charts and graphs can be misleading and can be fudged just like any data to make it say what you want it to. Still, it would be nice as I still have a minimum amount of investments south of the border.

Mike M (40)
Friday September 27, 2013, 9:55 am
Sounds like a load of BS and they must be using anal vision and it is a little cross-eyed

Sara V (0)
Friday September 27, 2013, 10:22 am
I like these two comments:

"So consumer deleveraging means that consumers are about to go into heavier debt again? We're "back down" all the way to about 2003 on their own chart or about the point where insanity took over. So these guys are predicting that consumers didn't learn their lesson and are about to go nuts again? "


"Low interest - check.
Lax lending standards - check.
Political and financial pressure for growth - check.
Fantastic short term memory loss - check.

Bubble Inflation - Engage!"

Roger G (154)
Friday September 27, 2013, 1:45 pm
noted, thanks

Past Member (0)
Friday September 27, 2013, 3:28 pm
Unfortunately, a lot more factors are involved in the economy than just these 2 charts. 1. Interest rates are going up and 2. housing sales have already slowed in many areas, 3. next year, Obamacare's mandatory insurance clause kicks in, 4. Congress is preparing to cut food stamps and HEAP, with a hard winter forecast, 5. roads and other infrastructure are getting worse, 6. in 2008 and 2009 we bailed out the banksters to the tune of trillions and 5 years later we still have no new public state banks, no meaningful regulations on a $700 trillion derivatives bubble waiting to happen, 7. and, meanwhile the vulture banksters buy up towns and cities ready to default on corrupt and greedy loans and bonds, 8. and, the criminal Fed continues to act maliciously with impunity!!!!!

Birgit W (160)
Friday September 27, 2013, 3:29 pm
Noted, thanks.

Lois Jordan (63)
Friday September 27, 2013, 3:56 pm
Noted. Yes, we are ready for a rebound, but with stock market still at an all-time high (15,258.24 as of closing today), and no Glass-Stegall in place, an enormous cut in SNAP, major corps still paying little or no taxes, subsidies to the many corporations, still high health insurance premiums, no increase in the minimum wage, and still few decent available seems The Powers That Be are happy with the status quo of them stealing ever more money from our pockets to put in their own already bulging wallets.

Matt Taibbi has a great article in Rolling Stone, and an interview with Amy Goodman on Democracy Now!---explaining how states' pension funds are about to be stolen by Wall Street greediest pigs. So, while the economy is ready for a rebound, I'm sorry to say that it will be greatly disappointed....

Elizabeth M (65)
Saturday September 28, 2013, 12:57 pm
This is interesting, but I would not hold my breath.!!
Noted. Thanks Carrie.
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