Thursday, November 10, 2011
Is the US economy REALLY going to improve & recover eventually this time as we have from past recessions?BELOW?
The economy has been improving with a slow growth rate of 3.7% and unemployment rate of 8.7%. It is still far away form the boom year with the unemployment rate under 5%. It is not so sure that it will get improving due mainly to inflation, oil price, and structural problem.The FED is now worrying about inflation more than unemployment. It is expected that the FED will raise interest rate with has been kept near zero for so long any time soon. That will make the growth rate more slower than it should be.
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