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Current archive: January 27, 2012
Re-Building Per Capita Incomes Could Take Decades
Written on:January 27, 2012
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Today’s news that U.S. economic growth may not exceed 2% this year had an immediate effect on the stock market. But how long does it take a nation to recover its GDP in a slow growth period? The U.S. economy grew at a less-than-forecast 2.8% in the fourth quarter 2011. For the full year 2011, the economy expanded 1.7% and consumer spending grew 2.2%, according to U.S. Commerce Department data….
Read more...In category: Investing
Tags:capitalism , consumption , financial reform , housing fraud , income inequality , wealth destruction , wealth re-creation
Tags:capitalism , consumption , financial reform , housing fraud , income inequality , wealth destruction , wealth re-creation