US's economy has fully recovered?

Work on salary. The 30 hour week is coming:

 

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I think the economy is not still fully recovered because many people are unemployed and under employed and they have no more saving to pay money and also the president want to give citizenship to the illegally migrated person who is there from a long time..So than economy again face downfall.

 

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Well your answer depends on what you mean by fully recovered and I am assuming you are referring to the US. US stock markets have recovered. Corporations have recovered. And all the jobs lost during the recession have been recovered. However unemployment remains higher than desired at 7.5%. Full employment is achieved when the unemployment rate is between 5%-6% so that leaves us with a real unemployment problem of 2.5%. During The Great Recession unemployment exceeded 10%. Unemployment is much better today than it was 4 years ago.

http://en.wikipedia.org/wiki/Full_employment

With the full implementation of Obamacare, I expect to see some significant reduction in unemployment rates next year – assuming Republicans in Congress do not inflict an intentional and totally unnecessary default as they threatened to do two years ago. If Republicans in Congress cause the US to default , all bets are off and we can expect to see unemployment soar and the nation will go back into a deep recession.

 

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Any stat on economy is about as true as an american pacifist, not likely.

They make up stats to try and steer the economy, not the other way round. Economy is not the stock market that is totally controlled. The stock market has no relevance to main street.

 

Oh, and where is your evidence to support this extraordinary claim? Oh that's right, you don't have any.

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It came to you in a dream or on conservative/Republican airways. The reality is the objective evidence, the science, the history, just does not support your ideology. So you and your fellows are in the unenviable position of having to deny reality in order to cling to your ideology.

 

Fed seems to be losing control of interest rates:

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If that is the case, the debt to GDP ratio will soar as the interest cost of carrying the ~16+ trillion of already created debt will climb as debt is "rolled" (or even worse not rolled but cash is demanded at maturity). Anway you slice this "Ponzi Balloney" there will be huge flood (as if 85 Billion per month were not one already) of new thin-air money paying not rolled bonds and interest that is up ~50% already. (FNMA yield up from 2 % to 3% now in ~8 months! - red curve of above graph.)

 

Some data on post 160 & 166:

 

Yes, oink. As first article quoted above states: Joe American has lost 18 years of economic progress, but the Wall Steet cats and bankers have never had it so good with Fed supplying them with 85 Billion monthly, but almost none of that thin-air money is getting out into the real economy where many "Joes" are looking for a job and even more have given up wasting time and money trying to find one and 48 million need food stamps, etc. just to put food on the table!

 

Rising yields is a sign that QE has worked. If you don't understand this concept, I'm not sure if you're ready to discuss the topic, lol.

 

I strongly recomend this long article for understanding current investment dynamics: http://seekingalpha.com/article/1504692-is-the-correction-over?source=email_macro_view&ifp=0
Dispite, the honest answer he finally gives to the article's question, which is: "Is the correction over? I honestly don't know."

 

How can the economy ever again be back to normal when there's a deficit of billions of dollars and a national debt of over 17 trillion dollars which keeps rising minute by minute and both will never get lowered by continue to escalate forever. Just because the government printed up trillions of new dollars and gave that money to both itself and big business doesn't mean there isn't a economic problem but only transfers that problem into the future for others to deal with. Why inflation hasn't gotten worse is very perplexing because there should be a devaluation of the dollar by the amount of them created by the government but again that hasn't happened ...yet.

The problems are not the same that were here when this started but now newer problems have entered the picture and they must be dealt with by either reducing spending or increasing taxes...neither have been done in a very noticeable way.

 

It does my heart good to see you recognize this rather blaring inconsistency in your notions about economics. The reason we are not seeing extraordinary inflation is because the Fed is doing exactly what it should be doing and your beliefs about economics are wrong. The reasons why we are not seeing extraordinary inflation have been discussed on this site for years now. Those reasons have not changed. Perhaps this is a wake up moment for you? The short answer is, because you and those like you have been laboring under many false beliefs about the economy.

Well, it depends. The nation and the world are no longer on the precipice of a global economic Armageddon, thanks to the Democratic stimulus package and actions taken by Chairman Bernanke and The Federal Reserve. Banks have been reregulated and the SEC has stepped up regulation, again thanks to a Democratic administration and a Democratic congress. But the “new” problems are really old problems. Most important among them is inability to get responsible fiscal policy out of Washington- largely because responsible fiscal policy runs counter to Republican political ambition.

Our biggest hope to control the huge deficits and debt racked up as a result of Republican fiscal profligacy lies in Obamacare -getting our healthcare costs in line with those of other industrial nations and stimulating economic growth. By the way, you should know that the Federal deficit is roughly half what it was when President Obama was sworn into office, largely due to the economic recovery and economic growth we have seen since 2009. The deficit is falling faster than at any time in our history.

 

Buddha, your post was thoroughly misinformed, lol.

 

Thank you for informing me.

 

You're welcome.

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GDP jumped up at midnight as new calculation of it are now "valid" and as article title says: "fun with numbers"

I'd post more, but to help the US's GDP, I'm rushing out to build an artistic sand castle in the playground's sand box.

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US has lost much of the real GDP productivity to Asia, but don't worry - we can always lie about ours, same as we do about unemployment, (not count the too discouraged to look longer for a job, etc.) Shadow Stats at least still publishes the inflation and other indicies using their original calculations.

PS just in case you don't know the three types of lies; They are: Lies, dam lies & Statistics

 

So what? Because the change is retroactive it has virtually no impact on the quarterly growth numbers.

 

Yields eventually rise anyway; the economy is inherently cyclic, and was before we used QE to ameliorate recessions. If you don't know that, you may not be ready to discuss the topic, lol.

 

Are you suggesting, for example, the BLS will recalculate the GDP for first quarter of 1946, 1Q46, and all other prior quarters? I don't think even one prior calculation will be redone to include then previously omitted items like software and plays written, and works of art or music produced for free concerts etc. (not the sales of software and these items as they have long been included in the GDP).

The changed methodology will not be retroactively applied - only used for the 3Q13 GDP and future quarters. As article noted there was a discontinuity at end of 2Q13 in the GDP and more importantly there is great difficulty in assigning any particular value to produced, but not sold, items. For example my very artistic sand castle - how much did it add to the GDP. - This gives the BLS a new and larger way to fudge the GDP higher. IMHO that is the main reason for adopting the change.