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Comeback Kid: America’s economy is once again reinventing itself
- digitalengineer 14y agoSummary: 1: America’s houses are now among the world’s most undervalued: 19% below fair value 2: The Treasury and other regulators chose to confront the rot in their financial system quickly 3: American capital ratios are among the world’s highest 4: Consumers have cut back: debts are now 114% of income 5: The weaker dollar 6: The growth of a consuming class in emerging markets 7: Growing “app economy" 8: American manufacturers are recapturing some markets once lost to imports, and pioneering new processes (such as 3D printing) 10: Net imports of oil this year are on track to be the lowest since 1995 11: America leads in exploiting shale gas, in Europe shale gas has been locked in by green rules and limited property rights 12: Because the companies leading the process are so productive, they pay high wages but do not employ many people. They may thus do little to reduce unemployment, while aggravating inequality. Some of these facts sound a bit strange. I for one thought Wall Street was not really 'confronted' with regulation. Also I wonder what we would see if the government had not changed the way they measure the economy, see: http://www.shadowstats.com/ http://www.shadowstats.com/