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The Water Cooler
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America has an economy converging rapidly on full employment?
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<blockquote data-quote="_CY_" data-source="post: 2682410" data-attributes="member: 7629"><p>ok .. ok .. I took off the graph </p><p>but the point is America is doing fine and making a come back. </p><p></p><p>The US economy is in excellent health, expanding by 5% annual rate third quarter of 2014, outperforming other countries in the developed world. we should see more GDP growth in 2015 as consumer spending is supported by strong job creation, low interest rates and low levels of household debt. </p><p></p><p>there's lots of places in the world that's not doing so great. </p><p></p><p>look at what's happening to the Euro zone? all one has to do is follow the USD to Euro exchange rates.</p><p>1.00 USD = 0.818348 EUR .. the euro has dramatically dropped in value against USD despite the continuous quantitative easing or printing billions and billion of USD $$$$. </p><p></p><p>unlike the USA, Eurozone has been very slow to recover .. some say on the verge of depression. even Germany is slowing down with an estimate real GDP growth of 1.4% this year and 1% in 2015.</p></blockquote><p></p>
[QUOTE="_CY_, post: 2682410, member: 7629"] ok .. ok .. I took off the graph but the point is America is doing fine and making a come back. The US economy is in excellent health, expanding by 5% annual rate third quarter of 2014, outperforming other countries in the developed world. we should see more GDP growth in 2015 as consumer spending is supported by strong job creation, low interest rates and low levels of household debt. there's lots of places in the world that's not doing so great. look at what's happening to the Euro zone? all one has to do is follow the USD to Euro exchange rates. 1.00 USD = 0.818348 EUR .. the euro has dramatically dropped in value against USD despite the continuous quantitative easing or printing billions and billion of USD $$$$. unlike the USA, Eurozone has been very slow to recover .. some say on the verge of depression. even Germany is slowing down with an estimate real GDP growth of 1.4% this year and 1% in 2015. [/QUOTE]
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