American economy is 10% stronger than before the financial crisis

Discussion in 'Business & Economics' started by Plazma Inferno!, Jun 28, 2016.

  1. Plazma Inferno! Ding Ding Ding Ding Administrator

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    New OECD report says that seven years after the financial crisis, the US economy has rebounded: output has surpassed its pre-crisis peak by 10%, robust private-sector employment gains have sharply reduced unemployment, fiscal sustainability has been largely restored and corporate profits are high.
    Despite this, income inequality continues to increase, women typically receive lower salaries than men, and some groups are disadvantaged in the labour market with little prospect to return to work, notably those with criminal records. Children of poor families often lack the opportunity to do better than their parents because they do not have access to high-quality schools and tend to drop out of college.

    http://www.oecd.org/eco/surveys/United-States-2016-overview.pdf
     
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  3. kmguru Staff Member

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    That is TRUE ....

    However the next issues are coming for Western Civilization...starting with so called BREXIT...where that will go ...no one knows. Perhaps, here, we can discuss it Pro and Con...under the Western Economics ideas, whether the value is true or false...Time will Tell...

    If agreed , I will take the Con side...since I am an Engineer that did help China long ago...
     
    Last edited: Jun 28, 2016
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  5. Jeeves Valued Senior Member

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    You've got to admire their logic.
     
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  7. iceaura Valued Senior Member

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    Unemployment is down because lots more people have quit looking for work, corporate profits are up because wages are stagnant despite productivity increases, and most of the "output" is vaporware - financial and other "services", financed by debt.

    This kind of analysis by the OECD is part of why the Brexit vote caught so many by surprise.
     
  8. Russ_Watters Not a Trump supporter... Valued Senior Member

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    Not "despite", because of.
     
  9. kmguru Staff Member

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