We're buying more stuff, the economy must be getting better.

My spending is your income, and your spending is my income.

 

Damn you, Foster and Catchings. Damn you.

 

Doesn't matter.

 

I'm buying it.

 

Sure, income inequality matters - but in response to a different question.

 

Yes, our economy, and pretty much everybody else's except for maybe North Korea's, is based on buying and selling globally - that's not going to change.

 

Yeah; boredom, advertising, volume, traffic and tips/markup, just like Kettle on a Sunday morning. The worst analysts are probably the ones who predict permanent shifts: bullish or bearish, to the economic cycle.

 

Apparently some believe that going further into debt is a sign of a healthy economy.

 

Many people believe that increased economic activity, including lending is a sign of a healthy economy, such as every single economist ever, or anybody with even a rudimentary understanding of economics be it formal or informal.

 

I thought it was interesting that the article said that between Gen X & Y in the coming years, their net worth could grow from $2 tril to $28 tril due in part to death/inheritances.

Couple that with the growth in domestic O&G and Im feelin good about the future. Still doesn't mean things can't be better.

 

The effect of the US printing mo' money should be inflation. I have an unscientific theory that since the money is being distributed world wide, over billions of people instead of 350 million people, we are only seeing negligible inflation in the US. We can print money to pay debts almost ad infinitum, as long as the the dollar remains the world's currency. China's economy will eventually become dominant but there is something to be said for the safety of the world's strongest military and most stable government system.

Need a tanker of oil? swap some green paper for it. Need a container ship of refrigerators? here's some dollar's credited to your account. The people getting relatively richer though are the no income workers who now make sweatshop wages. They are doubling their incomes where American workers are only increasing by low single digits, So, the inflation stays overseas.

It can and will change, but probably not in our children's lifetime.

//no economist