Tilted Forum Project Discussion Community - View Single Post - Damned slow economy. Only grew at a 7.2% rate in Q3!

james t kirk · 10-30-2003, 03:38 PM

Actually, congratulations are in order, those numbers are phenominally good.

7.2 is not sustainable, nor would you want it to be. It would eventually cause inflation, which would cause greenspan to raise interest rates to stem inflation. Give that person and US national debt is at all time record highs, any raise to the bank rate would have a rather severe impact to both those in debt and the country as a whole.

But still 7.2 percent is the highest single quater rate i can remember. Congratulations are in order.

But i would be happy with a nice robust 4% year after year. Now the job market needs to pick up a bit.

I am a bit perplexed as to why the stock market didn't roar with approval though. Very strange. What the fuck do they want?

10-30-2003, 03:38 PM	#37 (permalink)
james t kirk Junkie Location: Toronto	Actually, congratulations are in order, those numbers are phenominally good. 7.2 is not sustainable, nor would you want it to be. It would eventually cause inflation, which would cause greenspan to raise interest rates to stem inflation. Give that person and US national debt is at all time record highs, any raise to the bank rate would have a rather severe impact to both those in debt and the country as a whole. But still 7.2 percent is the highest single quater rate i can remember. Congratulations are in order. But i would be happy with a nice robust 4% year after year. Now the job market needs to pick up a bit. I am a bit perplexed as to why the stock market didn't roar with approval though. Very strange. What the fuck do they want?