OUTLOOK 2014 -- The REAL economic forecast for the U.S.

thisnumbersdisconnected · Dec 26, 2013

What is the U.S. economic outlook for 2014? Not good

Every four to six years, the U.S. experiences an economic slowdown. It happens like clockwork. The current bull market is now in its fourth year.

For those who missed the recovery, it’s probably a little unnerving to consider “this” a bull market or an economic recovery. And it’s probably just as unnerving to think that we’re already primed for another correction. While the markets may be performing well, the average American isn’t. Unemployment remains high, as does household debt. Gross domestic product (GDP) is essentially flat. Housing may be the one bright spot, but even that sector is fragile at best.

How does the Congressional Budget Office (CBO) feel about the U.S economic outlook in 2014? Pessimistic. The CBO expects the U.S. economy in 2014 to remain moribund and for unemployment to remain near eight percent. But it gets better. It also projects that both actual and potential real GDP will eke out 2.25% annual gains between 2019 and 2023. (Source: “The Budget and Economic Outlook: Fiscal Years 2013 to 2023,” Congressional Budget Office web site, February 2013.)

For the average American trying to make ends meet in 2014, a bull market and a recession will probably look—and feel—the same.

The roots of America’s financial crisis and the U.S economic outlook for 2014 can be traced back to 2007, when the U.S. housing bubble burst. This sent the dominos tumbling, and the United States entered an economic meltdown in 2008. Despite government intervention, the economy has sputtered and slipped in and out of recession.

Since 2008, the actions of the Federal Reserve have put the U.S. on a path to economic failure. To stem the economic slide of the U.S. housing collapse that first surfaced in 2005, the Federal Reserve unveiled three different quantitative easing (QE) efforts. Since 2008, the Federal Reserve has printed off trillions of dollars, and it continues to add to that number at a staggering rate each month.
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Certain people on this board like to lie for this corrupt administration, attempting to convince us that split pea soup is bouillabaisse or that flat iron steak is Kobi beef. They put up threads that lie for them and for the lame duck Great Pretender. That is why we have to counter them with the truth. Unfortunately, this is it.

InTheLight · Dec 28, 2013

I'll predict right now that the stock market index will be higher a year from now, unemployment will be lower, consumer confidence higher, and the Fed tapering program will almost be over.

Has nothing to do with this covering for this administration's policies, as I can't stand Obama and am counting the days until he's gone in January 2017.

thisnumbersdisconnected · Dec 28, 2013

InTheLight said: ↑

... and am counting the days until he's gone in January 2017.
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I'm thinking that will happen under armed escort.
Not because he will need protection.
Because he won't leave voluntarily.

InTheLight · Dec 28, 2013

thisnumbersdisconnected said: ↑

I'm thinking that will happen under armed escort.
Not because he will need protection.
Because he won't leave voluntarily.
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This has been proposed as a scenario for several of the recent Presidents. You may want to ask Poncho where he gets his tin hats, TND, because this theory is foilable!

thisnumbersdisconnected · Dec 28, 2013

InTheLight said: ↑

This has been proposed as a scenario for several of the recent Presidents. You may want to ask Poncho where he gets his tin hats, TND, because this theory is foilable!
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With the Ignoble Traitor, I wouldn't be too sure about that.

poncho · Dec 29, 2013

InTheLight said: ↑

This has been proposed as a scenario for several of the recent Presidents. You may want to ask Poncho where he gets his tin hats, TND, because this theory is foilable!
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I was half right about Bush okay ITL. He left office but his neocon policies are still being implemented. So for all intents and purposes he never really left office.

He just lives on through Obama.

OUTLOOK 2014 -- The REAL economic forecast for the U.S.

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OUTLOOK 2014 -- The REAL economic forecast for the U.S.

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