You have to be an Obama acolyte or a certified member of the MSM to believe any statistics or data released by Federal agencies that have been controlled by Obama commissars for the past seven years. The declining price of oil and other industrial commodities underscore the deep worldwide recession. The US economy sits on a foundation of borrowed money, printed money, continued deficit spending and the gimmickry of the Federal reserve. Heretofore anxious world investors “invested” their money in the US due to its reputation for respecting property rights and the rule of law. The US economy is now suffering from a withdrawal of foreign capital as cash strapped Saudis, Chinese and others are liquidating their portfolios to raise cash. Soon the price od premiere real estate in major cities, previously underwritten by foreign demand, will also drop. Sadly the results of this brutally anti capitalist administration are now apparent .Things will worsen.
About the US economy, as the mountain climber said to his Sherpa,”LOOKOUT BELOW!”