Rosser Jr, John Barkley wrote:
> Now we have the US in a fairly serious boom going
>faster over a longer period than any since before 1973.
Eh?
US BUSINESS CYCLES
average annualized
GDP growth rate
---------------------
trough peak contraction expansion
45Q4 48Q4
49Q4 53Q2 -1.6% 7.5%
54Q2 57Q3 -2.6% 3.9%
58Q2 60Q2 -4.4% 5.8%
61Q1 69Q4 0.5% 4.8%
70Q4 73Q4 -0.1% 5.2%
75Q1 80Q1 -3.0% 4.2%
80Q3 81Q3 -4.9% 4.2%
82Q4 90Q3 -2.3% 3.7%
91Q1 97Q4 -3.1% 2.8%
95Q4-97Q4 3.5%
expansion averages
1945-90 4.9%
1973-90 4.1%
In other words, the slowest post-WW II expansion. Even if you look only at
the last two years, it's the worst number. So where's the boom, Barkley?
>Latin America is doing much better than the
>1980s, although again there are some pockets that are not.
I think it'd be more accurate to say there are pockets that are doing well
while the rest of the garment ain't.
I'll leave it to others to comment on the African "boom."
Doug
