Slow Growth?
© Copyright Frank D. Kanu 2000-2008
Federal Reserve Chairman Ben S. Bernanke is mainly concerned with the inflation. I’d rather see him concerned with the growth of the economics:
There are many good and bad signals but doesn’t it make you wonder how many only concentrate on the good ones, trying to silence the other ones?
For me, those are strong signals that our economics is not in the shape we like it to be. There is a lot of smalltalk and all the messages are sugar-coded—what happened to real leadership? Someone stepping up and saying: We are running a war in Iraq that costs us more then just money—it does costs us our economical growth. Recently I read an article stating that the Iraq war has now become the second most expensive war in US history—only topped by WWII.
Let’s get real—the war in Iraq is lost for US—from many points of view. All we should do now is step up—say “What’s enough is enough!” get our troops out and put that money into our economics—giving it the desperately needed push into more growth.
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Technorati (All Links are external): bernanke bush administration concentrate desperately economical growth economics expected inflation federal reserve chairman homebuilders housing market housing slump industrial production initially iraq war leadership moderate pace money other ones retail sales risk shape signals silence smalltalk us history war in iraq white house wwii business leadership management politics
Federal Reserve Chairman Ben S. Bernanke is mainly concerned with the inflation. I’d rather see him concerned with the growth of the economics:
In his latest update to Congress, Bernanke said the economy was poised to expand “at a moderate pace” over the rest of the year, although growth would be slower than the Fed initially expected. Inflation, he said, remains the central bank’s “predominant” concern, but the weak state of the housing market — and the risk that it could weaken the overall economy — remained a risk as well.
Two days ago, stocks raced to record highs on reports of strong June retail sales. Yesterday, the news cycle did an about-face as June retail sales were described as “crashing” and “plunging” in a record drop.
Industrial production rebounded as well, but homebuilders’ confidence fell to the lowest level in 16 years as the housing slump persisted.
Two days ago, stocks raced to record highs on reports of strong June retail sales. Yesterday, the news cycle did an about-face as June retail sales were described as “crashing” and “plunging” in a record drop.
Industrial production rebounded as well, but homebuilders’ confidence fell to the lowest level in 16 years as the housing slump persisted.
There are many good and bad signals but doesn’t it make you wonder how many only concentrate on the good ones, trying to silence the other ones?
For me, those are strong signals that our economics is not in the shape we like it to be. There is a lot of smalltalk and all the messages are sugar-coded—what happened to real leadership? Someone stepping up and saying: We are running a war in Iraq that costs us more then just money—it does costs us our economical growth. Recently I read an article stating that the Iraq war has now become the second most expensive war in US history—only topped by WWII.
Do we really need that?
Can we, can our economics afford such a bleeding of money and soldiers?
Let’s get real—the war in Iraq is lost for US—from many points of view. All we should do now is step up—say “What’s enough is enough!” get our troops out and put that money into our economics—giving it the desperately needed push into more growth.
But then again—the Bush administration / White House isn’t really great when it comes to leadership and telling us what is really going on, right?
What do you think: Is the economics going up or down?
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bernanke bush administration concentrate desperately economical growth economics expected inflation federal reserve chairman homebuilders housing market housing slump industrial production initially iraq war leadership moderate pace money other ones retail sales risk shape signals silence smalltalk us history war in iraq white house wwiiTechnorati (All Links are external): bernanke bush administration concentrate desperately economical growth economics expected inflation federal reserve chairman homebuilders housing market housing slump industrial production initially iraq war leadership moderate pace money other ones retail sales risk shape signals silence smalltalk us history war in iraq white house wwii business leadership management politics
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