During our second quarter, April-June, our economy grew only 1.3 percent, while the first quarter, January - March, was revised downward to 0.4 percent, weakest since the recession ended two years ago. Why is our economy in these doldrums?

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Janey Profile
Janey answered
It's a slowdown in business growth due to lack of investment by businesses who are keeping capital on the sidelines over economic uncertainty.Jobs, production/output and wages are always the first casulties with a knock-on effect of higher rates and inflation.A persistent decline in corporations' rate of profit and more importantly the current debt ceiling impasse are also important factors.Investors and Wall Street are shaky, the DOW and NASDAQ are on shifting sands and an over-spending government with a massive deficit to shake off - any of these factors will always have a huge negative impact on even a partially-recovering economy.
thanked the writer.
Joseph Michael Wasik
If I were a business and hoarding capital, the best place to put all those assets would be precious metals. Recommend silver right now since it has a better ratio than does gold
Janey
Janey commented
Agreed Mr W - keep watching the LSE and Nikkei for the prices.
Arthur Wright Profile
Arthur Wright answered
Whoever said the recession was over? More of the Obama rhetoric that has gotten us where we are now?  People need to wake up and smell the roses

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