Tuesday, November 15, 2011
U.S. Economy: Sales Rise More Than Forecast, Driving Growth
As the title suggests, Christopher Wellis discusses a rise in retail sales, stocks, as well as discussing other economic indicators showing signs of growth. This recent growth was under predicted by most economist and is in agreement with the attended lecture. An interesting aspect to look out for is whether or not income inequality continues in this growing economy.
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U.S.'s economy is indeed rising now, maybe slowly, but still growing, just as this article talks and the speaker said in the Economic conference we went.
ReplyDeleteThe holiday season in coming, which absolutely has brought more demands of consumption. This is one of the explanation of the rise in retail sales.
I have been reading articles about how the U.S.'s economy is growing but slowly which is a good thing especially when the holidays are coming up. This will help boost consumption rate. Compared to last year many articles said that consumption won't be as high as before.
ReplyDeleteIt is definitely a good thing that the economy seems to be growing, though at a slow rate. The holiday season should also help boost sales for November and December, but hopefully this doesn't give a false sense of hope that the economy will recover faster than currently expected. The good news is that the increase in sales in October most likely has very little to do with holiday shopping, because it is so far before the holiday season.
ReplyDeleteIt is interesting to see people finally talking about income equality a midst all the signs of growth that the economy is showing these days. It is certainly true that growing economy could raise income inequality, leading to a large pool of unhappy people. It would be a challenge to make this new growth all-inclusive in terms of different income groups.
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