Saturday, October 27, 2012

GDP - The Warning Signs From Exports

The importance of this shift in the U.S. from away from being the epicenter of global production and manufacturing to a service and finance based economy should not be overlooked. This transition is responsible for the issues that are impeding economic growth in the U.S. today from structural unemployment, declining wage growth and lower economic prosperity.
Zero Hedge
GDP - The Warning Signs From Exports
Lance Roberts | Street Talk Live

The sectoral balances make it clear that unless the government steps in to offset the fall in domestic production and production for export, the economic situation in the US will deteriorate. But neoliberal ideology dictates against that.

No comments: