Monday, April 13, 2015

This is from a report by the USDA.

The ERS International Macroeconomic Data Set (click here) provides historical and projected data for 189 countries that account for more than 99 percent of the world economy. Historical data are available for real (inflation-adjusted) gross domestic product (GDP), inflation, population, and real exchange rates from 1969 to the most recent available year, and each variable is projected forward to 2030.... 

This is dramatic for two reasons. The reasons are China and India.

The other countries show growth into 2030. But, the remarkable populations of China and India and the focus on economics by their governments brings a profound uptick to the global economy. 

China, no doubt, will be a profound and vital new market share for all exporting countries. Imports from China can be focused to curtail job losses in the USA. In the past, China has provided a labor force that removed jobs from the USA economy forcing a service sector growth to fill in the gap. The service industries haven't proven to be even a living wage for Americans. To that reality the White House has carried out a somewhat successful focus to the minimum wage to improve the quality of life of American families and a relief somewhat to the USA Treasury. Everyone knows the US Treasury has been a source of Wall Street Welfare since 2008.

The service industry in the USA has noticed it's importance with a new Fed Chair and have initiated improvements in wages voluntarily, however, it is not the case across the entire service sector. The best outcome during the Obama Administration has brought more manufacturing jobs. These jobs can be standardized for markets that are stabilized. The USA needs leadership to work with manufacturers to find a regular market for their products, including exports.

In the most recent data, (click here for National Associations of Manufacturers) manufacturers contributed $2.09 trillion to the economy, having risen steadily since being $1.73 trillion in 2009.  The sector currently accounts for 12.0 percent of GDP. For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector.... 

Democratic candidates have every reason to promote the economics of the 21st Century as established by the current administration. This economy has a vital link to prosperity for the future for at least one generation. That is a very profound change for the USA which has been a bubble and bust strategy at the very best by previous Republican administrations in the White House, including that of Reagan. 

Reaganomics has proven to be the one strategy contributing to the 2008 global economic collapse. Reagan didn't build anything, he deregulated existing industry to provide a revitalization rather than a change to build the future. 

The fact the USA is building into the future is a new venue of economic vitality of which Republicans have no claim. They have done nothing but obstruct a larger vitality to the USA economy to reserve a "space" for their worn out Reaganomic strategy that is decades old and dangerous.

It will be the task of the Democratic candidates to continue and expand the USA economy and to end the domination of the 1 percent that continue to rob wealth from the hard working Middle Class. That is still seen in the Real Estate market which continues to a lackluster return from before the beginning of the 2007 bubble that completely collapsed in 2008. 

April 8, 2015
By Diana Olick

Loan applications (click here) to purchase a home rose for the third straight week, but lower interest rates were not enough to spur mortgage refinances.
Total mortgage application volume rose 0.4 percent week-to-week on a seasonally adjusted basis for the week ending April 3, according to the Mortgage Bankers Association (MBA). The move was driven entirely by a 7 percent surge in applications by homebuyers. Purchase applications are now 12 percent higher than the same week one year ago
"Purchase mortgage application volume last week increased to its highest level since July 2013, spurred on by still low mortgage rates and strengthening housing markets," said Mike Fratantoni, MBA's Chief Economist.
Manufacturing supports an estimated 17.6 million jobs in the United States""about one in six private-sector jobs. More than 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing - See more at: http://www.nam.org/Newsroom/Facts-About-Manufacturing/#sthash.4Hv6Jvlt.dpuf
manufacturers contributed $2.09 trillion to the economy, having risen steadily since - See more at: http://www.nam.org/Newsroom/Facts-About-Manufacturing/#sthash.4Hv6Jvlt.dpuf









  • In the most recent data, manufacturers contributed $2.09 trillion to the economy, having risen steadily since being $1.73 trillion in 2009.  The sector currently accounts for 12.0 percent of GDP. 1   For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector. 2  
  • - See more at: http://www.nam.org/Newsroom/Facts-About-Manufacturing/#sthash.4Hv6Jvlt.dpufcontributed $2.09 trillion to the economy, having risen steadily since being $1.73 trillion in 2009.  The sector currently accounts for 12.0 percent of GDP. 1   For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector. 2








  • In the most recent data, manufacturers contributed $2.09 trillion to the economy, having risen steadily since being $1.73 trillion in 2009.  The sector currently accounts for 12.0 percent of GDP. 1   For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector. 2  
  • - See more at: http://www.nam.org/Newsroom/Facts-About-Manufacturing/#sthash.4Hv6Jvlt.dpufmanufacturing contributed $2.09 trillion to the economy, having risen steadily since being $1.73 trillion in 2009.  The sector currently accounts for 12.0 percent of GDP. 1   For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector. 2contributed $2.09 trillion to the economy, having risen steadily since being $1.73 trillion in 2009.  The sector currently accounts for 12.0 percent of GDP. 1   For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector. contributed $2.09 trillion to the economy, having risen steadily since being $1.73 trillion in 2009.  The sector currently accounts for 12.0 percent of GDP. 1   For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector. 2
    Manufacturing supports an estimated 17.6 million jobs in the United States""about one in six private-sector jobs. More than 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing - See more at: http://www.nam.org/Newsroom/Facts-About-Manufacturing/#sthash.4Hv6Jvlt.dpu