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USA is back on a growth path.

Thursday, December 2, 2010

Warren Buffett sent an open letter to the U.S. government recently thanking it for a job well done:

"Uncle Sam, you delivered... overall your actions were remarkably effective."

Warren Buffett thinks that the stimulus money and bailouts worked. Well, there is finally hard evidence that the U.S.A. is back on a growth path. This is taken from Yahoo!Finance:

“In October we were able to rule out this double-dip nightmare scenario,” he says. “We are able to see very clearly, with a good deal of conviction, a revival in growth,” Achuthan tells Aaron and Dan in this clip. The improvements are widespread, Achuthan says.

-- Profit growth and productivity are on the rise. Achuthan says that leads to more hiring and capital investment in equipment.

-- Housing has stabilized. The outlook may not be rosy, but “it’s not falling off a new cliff,” which means it’s not a drag.

-- Cheap capital as a result of low interest rates. The private sector continues to create jobs.

-- Pent-up demand. Thanks to the jump in jobs, people are less afraid of losing their positions, Achuthan suggests. And after two years of saving and worrying, consumers have “frugality fatigue” which is beginning to show in the improvements in holiday shopping data.

Posted Dec 01, 2010 03:50pm EST by Peter Gorenstein



This bodes well for U.S.A.'s trading partners like Singapore.

Related posts:
Comments on the US economy.
The US consumers are back!

6 comments:

Anonymous said...

Kedengarannya bagus, saya suka membaca blog Anda, hanya ditambahkan ke favorit saya;)

AK71 said...

Hi Anonymous,

I guess you are from Indonesia or Malaysia. I understand the words "saya", "suka", "blog" and "favorit". Must be a compliment. ;p

Could you also leave your name or initials in future comments?

Thank you very much. :)

Anonymous said...

Terima kasih untuk hal-hal yang baik

AK71 said...

Hi Anonymous,

You are welcomed. :)

Could you include your name or initials in future comments?

Anonymous said...

itu sangat menarik untuk dibaca. Saya ingin mengutip posting Anda di blog saya. Hal ini dapat? Dan Anda et account di Twitter?

AK71 said...

Hi Anonymous,

Beyond basic Bahasa, I have to use Google Translate ;p

"It is very interesting to read. I want to quote your post on my blog. This can? And you et an account on Twitter?"

If you would like to quote my blog posts, as long as you acknowledge the source, no problem. :)

Could you provide me with your blog to take a look as well? Also, I still do not know your name.

Courtesy of Google Translate:
Apa blog Anda? Bisakah Anda termasuk nama Anda di komentar masa depan? ;)

Twitter account: AK71SG

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