Facts on America's Economy

Facts on America's Economy
By Don Lyons

It's no secret that the United States is enduring an economic downturn. It's all over the media every time you turn on the TV.

I believe there there isn't a recession and that the United States is in a state of growth. Believe or not, it's true.

Whenever there's a economic downturn, it always sprouts back up even stronger and a lot more wealth is created turning this time.

The media has a lot people thinking in fear and scarcity. Which is not good, the media's job is to give out bad news, when have you ever heard something good happen on the news?

It's rare if you do and it gets a 10 second time slot.

For entrepreneurs like you and me, we must think in a state of optimism and abundance, because the future is very bright, believe it or not.

So here are the facts on America's economy.

I may have been preaching early on how good things are but the information is bad news to the normal eye.

But to the problem solver, what we call entrepreneurs these days, I see opportunities and markets for new products.

1- More women will file bankruptcy than graduate college this year in the US.

2- The number 1 resolution this year was to get out of debt - overtaking weight loss for the first time in history.

3- Last year - there were 80 million unpaid credit cards in the US alone with an average balance of $8000.

4- Today, two income families have less discretionary income than single income families just a generation ago - now approaching 90 percent.

5- The average American family brings home less than $36,000 a year.

6- 79 million Americans plan to start their own business in the next 3-5 years according to Forbes Magazine.

7- Both Donald Trump and Robert Kiyosaki recommend Network Marketing

Now based on those facts how many potential products or services could you come up with to serve this market. The possibilities are endless!

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Economy of the United States of America

Economy of the United States of America
By Ajit P V

Although they have the strongest economy in the world the United States have some major economic concerns like corporate debts, national debts, external debts, mortgage debts, low savings rate, huge deficit in current accounts, and falling house prices. At $13 trillion, as of June 2008, the U.S. has the highest external debt in the world. Estimates as on June 2007 show the United States public debt is about 65% of the GDP and as of October 1, 2008, the United States federal debt has exceeded $10 trillion.

History of U.S. Economy:

The history of the U.S. economy dates back between 16th and 18th century in the European settlements when the colonies developed from small successful colonial economy to the more independent farming economy and later became the United States of America. In a matter of 230 years the United States matured to a gigantic industrialized economy that makes up to over a quarter of the world economy today. Supportive legal and political system, vast lands available for productive farming, and huge natural resources were the major factors that led to such massive growth. Today, the US economy attracts millions of immigrants from around the world as it offers high wages. The Great Depression that started in 1930's and the country feared recession was inevitable. The government devised ways to combat recession by cutting taxes and spending heavily and encouraging the consumers to spend more. The economy suffered in the 1970's during the Vietnam War and the government were concerned about controlling inflation than fighting recession. Since then they have had a relatively slow economic progress.

An Overview:

The main trait of the US economy is the amount of liberty given to the private sector. The private sector makes most of the economic decisions and determines how the economy should be. This is augmented by less intervention by the government and the court of law.

There are numerous ways by which the US federal government can regulate private enterprises.
They fall under two broad categories:

Economic Regulations are to ensure that no enterprise makes unreasonably large profits.
Social Regulations are to ensure the private enterprises maintain a healthy environment and contribute to the safety of public health.

The federal government policies, and the decisions taken in the Federal Reserve and other business decisions are made depending on which way the US economy is heading. These economic predictions are made by many institutions including the California Department of Finance, Global Insight, and UCLA Anderson Forecast.

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