Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 12-22-2012, 01:02 AM   Topic Starter
Direckshun Direckshun is offline
Black for Palestine
 
Direckshun's Avatar
 
Join Date: Oct 2006
Location: Springpatch
Casino cash: $23772
The fiscal cliff could undo the recovery.

Should we not only take the tumble off the fiscal cliff on January 1st (which, after the GOP's "Plan B" implosion, I now regard as likely) and not get the drastic cuts and tax increases resolved before February (when the cliff is expected to start making its real presence felt), or if we have another debt ceiling standoff in March, we are potentially averting a real recovery.

I don't think we would be plunging into a recession, as the CBO projects it could, because Obama can manipulate when the tax increases actually take effect and he can slowly implement the cuts, radical as all these things are.

But what we are starting to see in the economy is the headwinds of a sturdy recovery that would set the table for a solid recovery in 2014:
  • Personal consumption rose 0.4 percent this past month.
  • Income rose 0.6 percent this month, including a 0.8 percent increase in disposable income -- a hugely important number, as that is more demand being injected into the economy.
  • The third quarter GDP was actually upgraded from 2.7 to 3.1 percent.
  • States have stopped acting as an incredible drag on the economy, though it may still be a couple years before they start contributing to our national GDP.
  • The tepid recovery we've had has occurred in spite of the housing market languishing. Well that dynamic is no more, the housing market is recovering much faster, and is now halfway back to normal.
  • Fourth quarter GDP is up.
  • As for employment, the numbers are better. 43 states and DC report lower unemployment rates, and unemployment now sits at 7.7% nationally.
The absolute only thing that can derail a recovery is ourselves.

We can shoot ourselves in the foot, that's it. A recovery will occur if we do not do that. A steady one in 2013, and a really good one in 2014, with housing gathering steam.
Posts: 46,872
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 09:26 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.