Saturday, July 08, 2006
US Economy Booms
Apparently the US economy, over the last 11 quarters, has, at the high end, grown by 50% of the total size of the Chinese economy (both measured by GDP). Not bad, and better than what happened under Clinton. Yet, the press doesn't seem to be writing the hyperbole it did only a short 6 or 7 years ago. Odd, isn't it?
UPDATE: Also, the Federal Deficit is decreasing dramatically, and should be down to 2.5% of GDP by the end of this year. That's a nice healthy level of deficit (especially if you remember at the end of WWII the Federal Deficit was 30%+ of GDP).
UPDATE: Also, the Federal Deficit is decreasing dramatically, and should be down to 2.5% of GDP by the end of this year. That's a nice healthy level of deficit (especially if you remember at the end of WWII the Federal Deficit was 30%+ of GDP).
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