I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
As I have been saying and posting the so called recovery was simply a cycle where businesses were replenishing their all time low inventories...as I have been saying and posting the real estate market (commercial and residential) is in bad shape; the profits after tax from companies have shrunk compared with last quarter, consumers are cautious as well as companies...the growth is basically due to tourism and (as I said) companies repleneshing their inventories...Now we are coming close to home credits for first buyers to come to an end on march and april ...we have the temporary census jobs that will end on july plus states/municipalities that will start trimming staff via budget reductions and pension reductions and we will have an idea what is ahead...
As I have been saying and posting the so called recovery was simply a cycle where businesses were replenishing their all time low inventories...as I have been saying and posting the real estate market (commercial and residential) is in bad shape; the profits after tax from companies have shrunk compared with last quarter, consumers are cautious as well as companies...the growth is basically due to tourism and (as I said) companies repleneshing their inventories...Now we are coming close to home credits for first buyers to come to an end on march and april ...we have the temporary census jobs that will end on july plus states/municipalities that will start trimming staff via budget reductions and pension reductions and we will have an idea what is ahead...
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