My first Non-academic, non-historical economic forecast. Now for me to do this puts risk on myself, however, that is just like all economic forecasters no one really holds them accountable for their forecasts and predictions…..so here is what I lean to and what I choose to believe.
Interest rates are at an all time low and will continue for quite some time. This will help you and I and main street. Bankers and economist have said that interest rates could not stay low very long….well they told me that in 2009 and now it is 2016. Japan has had low, 0 and negative interest rates now for 20+ years. So I now deviate from the bankers and economists. Low interest rates will continue…. GOOD
Gas prices at $1.60 a gallon. Now when did you see that in the last 10 years. I predict this will be low for quite some time. Some say this hurts our economy……but really, does it. The money goes into our, your and my personal home budgets and pockets. This helps you and I as consumers have more money to spend on other things and save money. This is good.
Side note….if you take the .60cent tax on the price the real gas price is under a buck.
GOOD
There are Trillions of dollars on the side line both in the Corporate world and in the private world. Can you imagine if that type of money was released into our economy, our investment options, our industries. My goodness there is a huge avalanche of potential huge upside and I think it will come into play in the next few years and then watch out for an avalanche of economic boom. GOOD
Corporate profits from industry, manufacturing, airlines, retail, steel, computers etc. etc. etc. are reaping huge profits. Is this good. Absolutely…..creating jobs, creating construction, creating creating creating. GOOD
Unemployment is basically 0. Under 5% is essentially 0. So that is GOOD,
The US dollar is strong. I really like a strong US dollar. The Peso is Mexico is now 18.50 to 1. I don’t know much about currency and all that revolves around that but I do know I like a strong US dollar. GOOD
Car sales are at an all time high. 18 million SAAR. It has never been that high in history. The economists said that we would never see the levels of 2005 and 2006 at 17.7million. I guess they were wrong again.
Plus the US auto fleet is the oldest still and that means auto sales we continue to be good for quite some time. GOOD
GM is making Billions and paying back everyone and giving its stock holders and stake holders billions of dollars for their return. GOOD
Chrysler was dead…..so all the pundits thought. But Chrysler is doing historic business…..and stronger than ever. GOOD.
So with my little brain, reading and studying and watching and learning and based on history……which right now is not a good indicator……….I believe we are in for a strong revival of a GREAT economy. That is my take on the future.
You saw it first right here. Me, the non-academic, non-historic, noncomformist economist. GOOD….GREAT things are in store.
Have a great day with Great news.
sysr
Thanks for the insight Spencer. Our future truly looks bright, and I believe the best is yet to come. I can’t wait to see what 2016 and beyond holds for all of us…..
Think Young! Drive Young! Go YAG!
I am excited to see what the next 5 years will bring. there is a gas station on 40th street in South Ogden. It has been closed for more than a decade(prob. closer to 15-20 years). There is a sign by the street that was used to advertise gas prices. The price on the sign is $1.13 gal. I never thought that we would ever see gas prices any where close to this price. I have seen prices as low as $1.58. In my opinion(not an expert), gas prices have a hugh bearing on the wellness of our economy. I think this is a great boost to our economy.
YESSSSSS! Time to make hay, it’s so exciting to be where we are right now.
grandmother and mother.. you guys are right all the rest of you guys dont know shit about dubstep.. i rekon all the sounds just make this song even filthyer and better.. love all his tracks so much and if you dont like it you can go fuck yourself
There is a fine line between man-made and superhuman, when the issue is an Earth we are far from understanding, or at least – being given the information to understand completely. ENERGY itself is a superhuman phenomenon, And it will be essential to our survival, and the survival of the planet, that we explore a solution to the current “energy as commodity” system, which ties it to war, exploitation, and that tricky MONEY thing. I may be talking ahead of the curve in terms of solutions, but we are nearing a critical point in our relatively short history on Earth. Every aspect of this problem needs to be examined clearly.
How could any of this be better stated? It couldn’t.
This version has frozen a couple of times for me on Windows 7 x64. The tab/window becomes unresponsive, preventing me from scrolling or clicking links etc. Closing the frozen tab/window and opening a new one works fine.