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Trivia Tidbit Of The Day: Part 141 -- Monetary and Financial Conditions.

Index Of Monetary And Financial Conditions-

The American economy is strong, and nearly every economic indicator points to continued expansion in the near term. The Congressional Budget Office (CBO), in developing its most recent budgetary projections for the remainder of the year, expect robust growth moving ahead (.pdf):

The Congressional Budget Office believes the economy is primed for growth, even with high energy prices, as long as interest rates do not jolt upward suddenly.

I tend to agree. So, it seems, do the folks at the Federal Reserve Bank of Dallas (hat tip to Ironman of Political Calculations blog):

And yet, interestingly, Americans believe the economy is getting worse, not better.

Eventually, in the face of such overwhelming evidence of a thriving economy, that disconnect must shatter. But the stock market(s), in which more Americans than ever before are invested, must trend upward significantly-- and remain there. Energy prices must stabilize, if not come down somewhat. And it must look like geopolitical circumstances in Iraq and elsewhere are stabilizing or improving.

But in the end, the media must start painting a more accurate picture of the economy, or none of those things will matter. At the same time, although we can count on the media failing to report on the burgeoning American economy as long as a Republican occupies the White House, it will be impossible for anyone to ignore month after month of undeniable economic progress.

Previous Trivia Tidbit: Deficits/Surpluses As A Share of GDP.

Posted by Will Franklin · 17 August 2005 10:39 AM

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