Black People : The Skinny, about Economic Growth/ fact or fiction

Discussion in 'Black People Open Forum' started by Ankhur, Jan 30, 2010.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

    Joined:
    Oct 4, 2009
    Messages:
    14,710
    Likes Received:
    3,006
    Gender:
    Male
    Occupation:
    owner of various real estate concerns
    Location:
    Brooklyn
    Ratings:
    +3,014
    Roubini Calls U.S. Growth ‘Dismal and Poor,’ Predicts Slowing Share Business ExchangeTwitterFacebook| Email | Print | A A A
    By Simon Kennedy and Erik Schatzker

    Jan. 30 (Bloomberg) -- New York University Professor Nouriel Roubini, who anticipated the financial crisis, called the fourth quarter surge in U.S. economic growth “very dismal and poor” because it relied on temporary factors.

    Roubini said more than half of the 5.7 percent expansion reported yesterday by the government was related to a replenishing of inventories and that consumption depended on monetary and fiscal stimulus. As these forces ebb, growth will slow to just 1.5 percent in the second half of 2010, he said.

    “The headline number will look large and big, but actually when you dissect it, it’s very dismal and poor,” Roubini told Bloomberg Television in an interview at the World Economic Forum’s annual meeting in Davos, Switzerland. “I think we are in trouble.”

    Roubini said while the world’s largest economy won’t relapse into recession, unemployment will rise from the current 10 percent, posing social and political challenges.


    full article;
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aqLMEUObhysc&pos=2
     
  2. Ankhur

    Ankhur Well-Known Member MEMBER

    Joined:
    Oct 4, 2009
    Messages:
    14,710
    Likes Received:
    3,006
    Gender:
    Male
    Occupation:
    owner of various real estate concerns
    Location:
    Brooklyn
    Ratings:
    +3,014
    info for making wise decisions
     
Loading...
Similar Threads - Skinny Economic Growth
  1. AACOOLDRE

    Brother AACOOLDRE : The Skinny on FBI Hoover

    Replies:
    2
    Views:
    136
  2. AACOOLDRE
    Replies:
    5
    Views:
    396
  3. Destee
    Replies:
    16
    Views:
    3,511
  4. tay_tay225
    Replies:
    1
    Views:
    718
  5. tay_tay225
    Replies:
    146
    Views:
    24,255