The tech sector has tons of competition, and people are becoming saturated with gadgets (plus with another downturn in the economy won't be in the position to keep updating the technology they own).
The biotech/pharma/medical device sectors are all reeling a bit from regulation and taxes (which is why Pfizer merged with Allergan - to avoid US taxes).
Auto? Not a likely candidate.
Manufacturing? Of what?
The stock market, in many instances, is a TRAILING indicator, not especially good at predicting trends. And the recent policy of the Federal Reserve to prop up the stock averages, dating from the TARP bailouts (which enabled money to be artificially transfused to the stock market), only deferred the inevitable, when again the prices would crash, catastrophically, and finally make real to the investors and the nation at large, just how shaky the economic infrastructure had become.
“Too big to fail”? Who ever came up with that meme? It is not “failure”, it is demolition work, and allowed to proceed along its natural fault lines, the wreckage may cleared away just that much quicker. But no, the “fixers” hastily threw up all sorts of props and braces to keep the few remaining walls from tottering and falling, preserving the facade, but actually also preventing any real reconstruction.
” IMHO one cannot trust the numbers. “
Forced spending on 0bamacare is counted as “Consumer spending”. Next they will include other taxes in the figure to show how robust the economy is.
The recession certainly never ended here in the northeast; plenty of employers still leaving and foreclosed homes for sale.
This is just part of fabricating fake accomplishments for a fake president.
The short answer is, “No.” It didn’t. It’s hard to know the truth because the state-run economic propagandists on the state-run media spew lie after lie and the government backs up their lies with lies.
The fact that the DJIA rose 11,000 points from its 2008 lows — when there was enough hard evidence of any economic growth, only the Fed lowering the interest rates and flooding the primary banks with play money to invest in the markets — is probably one of the greatest financial frauds in history.
If you doubt, just ask yourself this:
At what realistic rate do you think the economy grew every year since 2008 (if at all)? 1%? 2%? 3% (I’d say it didn’t, but what is the highest you can reasonably argue??
By what percentage did the DJIA grow over that same period (from 6500 low to its high of 18,200)?
Is there a difference between the two?
That difference represents three facts:
1. The markets do not indicate economic health but simply investors’ attempt to turn a quick profit.
2. The cheap money and QE is what created that growth.
3. The difference between the two represents the minimum % of “bubble” in the equities market.
My sentiments exactly!
My take is that the numbers are just fine but it's what all the usual morons are saying about them is what's bogus. The facts are all there for everyone to see and reality is that life is pretty good. All this doom'n'gloom on these threads is from clowns that just loooove to wallow in their own precious little misery puddles.
Yeah, I know that the economy's contracting --the reason being that employment's down so everyone's trying to do the employees a favor by killing all the employers. Bad idea. np for me tho, I just have to do all my hiring in secret...
I don’t trust either the financial press or MSM on this. If we go with the shadow stats we are still in recession. The good news is growth has improved from minus 3 to minus 1 gdp.