Where is the US economy headed?

I saw the news briefing. Wow. He sure has a lot of accomplishments to his credit, though. Maybe he'll surprise us.

Another disappointing action by Obama. That doctor must have donated thousands to his campaign, and for no other reason got that appointment.

Posted a few minute later. I found this.


Health expert = money.

Here's an article by Felix Salmon on the potential picks the prez could have made:

http://blogs.reuters.com/felix-salmon/2012/03/22/the-ideal-nominee-for-world-bank-president/

He points out that the other 'short list' candidates would have been dreadful choices, and specifically says that the primary requirement for this position is diplomacy skills, as the leader of the bank is just going to do whatever the shareholders say anyway.

Cycloptichorn

Good article, and the idea of Hillary is a good one - even IMHO.

Hasn't Jefferey Sachs already been nominated by a couple other countries? He could still get the votes.

I wish. But the US and the Europeans have a gentlemen's agreement to support the European nominee for the IMF and the US nominee for the world bank. I don't think the rest of the world has enough of the vote to change that.

I don't see where the article says that Sachs would be a terrible choice. Then again, I also don't see where it says Sachs is on the short list. Obama's judgment is even worse than I thought.

It didn't say anything about Sachs at all. The fact that you think he would have been a good choice doesn't place him on Obama's short list.



The people quoted as being on Obama's short list were Larry Summers, U.S. Senator John Kerry and PepsiCo’s CEO Indra Nooyi. I don't know anything about Nooyi but the other two would have been terrible choices.

Cycloptichorn

Good evening.
U.S. crude oil prices fell $2 a barrel today (about 2%) compared to yesterday. That is after a similar drop on Wednesday.
$107.30 at the start of Wednesday to $103.15 at the end of today.
> There seems to be reduced concern about the situation in Iran.
> Saudi Arabia has indicated that it will increase production if there is a disruption in Iran.
> There is concern about the lack of growth (or worse) in Europe which could result in reduced oil demand.
> There is chatter about the U.S. along with Europe about tapping the Strategic Oil Reserves. It is, to me, a stupid idea, but there are some elections coming up in Europe as well as the U.S. and politicians may be tempted to push for this.
> Saudi Arabia seems to say today that they would not decrease production to keep the price from falling if countries tap their SOR's.
> Finally, the 1st quarter ends tomorrow. Oil investors/speculators will likely want to end the quarter with locked in profits.
I could see tomorrow with oil down another 50 cents a barrel.

I thought you didn't watch TV John. Everybody who does knows all that. What makes you think it worth bringing to us.

ok then, its heading for a deeper well...
o.o ...
i hope we get a new president soon, obama isn't doing nothing for us.

Yes we need a Republican in power to complete the destroy of the economic and the middle class that Bush started.

Not to mention making this fine government a complete safety net for the super wealthy.

Oh and we also need to have a GOP president to help place women in their correct place in society.

What is the correct place for women Bill?

LOL that would depend if we are talking about my opinion or the US version of the Talban better known as the GOP.

Footnote any cute sexual answers I will leave to the unmarried men who does not have a wife you might read their postings.

The world economy is not good at all , also the US economy it is certainly a worrying concern.The political parties continues the play with the population like Democratic party, Republic party, etc,....and continue in the whole worldwide . now the people of the world is a part of this game.The good news is that....., Boss
please get lost ......

It was a brutal day in the markets. For those of you who don't follow it all closely:
> Dow and S&P in the U.S. down 1%
> European stock markets down about 2.5%
> Gold down $50 an ounce (3%)
> U.S. crude oil down $2 bbl to $102
The culprits are the U.S. Federal Reserve seemingly stepping back from earlier statements that it might step in with actions to stimulate the U.S. economy. And a sale of bonds by economically strapped Spain did not go very well.
The net results suggested to investors that any world-wide economic recovery could be stalling.
Did I write that analysis reasonably accurately?
Thanks. rjb.

Except for the GOP meme that the fed stepping in would be BAD for the economy. I find it funny how the market responds the opposite to what they claim would be good.

I leave the country for a couple of weeks, and the market drops hundreds of points. Whatćs going on. Sorry, the keyboard in Dubrovnik is not the same as at home.

Alert financial managers and investors are indeed able to profit in the short term when the Fed pumps more money into the system. That however shouldn't be taken as evidence that printing money won't lead to accelerating inflation later on. The value of our currency is declining. That's a tax on savers and it is the real reason why the prices of oil and food products are rising.