Friday, Jan 05, 2007
Soft landing for US economy
FT.com: Fears of US slowdown recede
US Employers created 167,000 jobs in December, the most of 2006, allaying fears of a receding US economy and strengthening the dollar. The figures suggest the Fed will be unlikely to reduce interest rates next month.
Posted by jellycaster @ 06:06 PM (152 views) Add Comment
6 Comments
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1. talking rot said...
The idea that the US was going to have a tailing off of high economic growth, and possibly even a recession, was one of few rays of sunshine in my mundane and dreary life.
One swallow doesn't make a summer but in my mind, this sucks!
2. Mjchum said...
US will slow down, inflation will go crazy, interest rates will rise, US debt will worsen, 1929 will happen again, US society will degrade even further, US military might will recede - BUT ONLY WHEN CHINA DECIDES. Sun Tzu (and I do love these quotes of old),
Ultimate excellence lies,
Not in winning,
Every battle,
But in defeating the enemy,
Without ever fighting.
SunTzu (Chinese General - around 500 B.C)
Think about it - when China dumps the dollar, they've effectively won
3. harold said...
Talking Rot, fear not. Any country with a structural deficit like the US's is in deep sh*t. The strengthening dollar (of the last 2 days - hardly a significant trend) is because the Fed has finally signalled that monetary policy needs to be further tightened or else face dollar meltdown and hyperinflation. Good news for US HPI and an economy that is supported by it? Soft landing? Yeah, sure. Don't be fooled by US sycophants - it's over for the States, irrespective of what scared chickens at the FT think.
4. Sam said...
well, 2007 will be the year toyota takes over as the worlds largest car maker. so not all rosey.
5. Enuii said...
Yeah Sam, the world has given up on style and imagination when Toyota becomes the number 1 car manufacturer in the world.
That just about sums up the US economy.
6. tyrellcorporation said...
Sorry Enuii but Jap cars are popular because the gaz guzzling monster trucks have been found out as utter crap. The new Civic is like a finely crafted Swiss timepiece, engineering excellence and un-paralleled quality. You'll also find that imaginiation in the form of technical innovation is almost entirely the product of Far East manufacturers.
If the 'trying to destroy a Toyota' feature on Top Gear doesn't impress you then stick with Fiat!!!
I see the demise of GM and Ford as long overdue...