The graph alone illustrates a recovering economy since President Obama took office.
US economy accelerates at 2.5 percent rate in Q1 (click here)
By MARTIN CRUTSINGER, AP Economics Writer | April 26, 2013 | Updated: April 26, 2013 9:35am
...Growth was also helped by businesses, which responded to the greater demand by rebuilding their stockpiles. And home construction rose further.
Government spending sank at a 4.1 percent annual rate, led by another deep cut in defense spending. The decline kept last quarter's increase in economic growth below expectations of a 3 percent rate or more....
This chart was drafted when the economic collapse occurred in 2008. The USA housing market tumbled out of control. But, it was the USA housing market that was most toyed with by volume alone. To realize that is now rebounding is really an accomplishment the country can be proud of.
There are two key risks to the outlook; (click here) One is that asset values - especially housing - will substantially undershoot reasonable long-term levels. The second is that financial market dysfunction will produce reinforcing rounds of real economic distress, especially in emerging economies.
This chart was drafted when the economic collapse occurred in 2008. The USA housing market tumbled out of control. But, it was the USA housing market that was most toyed with by volume alone. To realize that is now rebounding is really an accomplishment the country can be proud of.There are two key risks to the outlook; (click here) One is that asset values - especially housing - will substantially undershoot reasonable long-term levels. The second is that financial market dysfunction will produce reinforcing rounds of real economic distress, especially in emerging economies.
