Quote:
Originally Posted by Jeff '79
Ok, well steadily growing. Hot is not the right word.
The stock market is hot.
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The stock market is being driven by QE XXX. It's a bubble once the money turns off. I can borrow money at around 1% and get around a 4-5 % return in the market. That's whats driving it.
The America Economy was in a bubble from 1945 until the mid 70's. The it burst. we had a resurgence in the 1980's when we massively changed the way we did business and went toe to toe with te world. We lost that in the 1990's and we are and will continue to struggle until we recognize that being a consumer based economy is not going to work long term.
We NEED GDP growth of at least 4.5% just to give the American kids coming into the market place a job. We have been way below tat for the last ten years.
US GDP Growth Rate by Year
We have 100 MILLION Americans living in home collecting means tested welfare while we have 15 MILLION Illegals doing work their lazy ass parents should be doing.
Our biggest and best corporations, like Apple, keep heir profit overseas and invest in India, China, Malaysia and other places because the ROI for bring the money back to the USA sucks.
We are in a moribund economy , much like Europe, and we are there simply because we do not use capital efficiently.