[kmdh]

US Economy Going From Bad to Worse: Roubini

By Patrick Allen | CNBC – 14 hours ago

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A robust and self-sustaining U.S. recovery is not on the cards, and we should now expect below trend growth for many years to come, according to Nouriel Roubini, the economist famed for his bearish views.
Economist Nouriel Roubini, founder of Roubini Global Economics. Roubini, best-known for calling the 2008 economic crisis, outlined five reasons the bulls have been wrong and argued that an American economic cold will lead the rest of the world to catch pneumonia in a post on the Project Syndicate website.
"Even this year, the consensus got it wrong, expecting a recovery to annual GDP growth of better than 3 percent," the founder of Roubini Global Economics wrote.
"And now, after getting the first half of 2012 wrong, many are repeating the fairy tale that a combination of lower oil prices, rising auto sales, recovering house prices, and a resurgence of U.S. manufacturing will boost growth in the second half of the year and fuel above-potential growth by 2013."
Roubini believes the U.S. economy will slow further this year and next as expectations of the "fiscal cliff" keep spending and growth lower - and uncertainty about the outcome of the presidential election dogs markets.
The fiscal cliff could knock 4.5 percent off 2013 growth if all tax cuts and transfer payments were allowed to expire and spending cuts where triggered, according to Roubini.
"Of course, the drag will be much smaller, as tax increases and spending cuts will be much milder. But, even if the fiscal cliff turns out to be a mild growth bump - a mere 0.5 percent of GDP - and annual growth at the end of the year is just 1.5 percent, as seems likely, the fiscal drag will suffice to slow the economy to stall speed: a growth rate of barely 1 percent," he wrote.
The U.S. consumer, which drives plenty of the global economy as well as the U.S., will not be able to keep spending when $1.4 billion worth of tax cuts and extended transfer payments come to an end according to Roubini.
"In 2013, as transfer payments are phased out, however gradually, and as some tax cuts are allowed to expire, disposable income growth and consumption growth will slow. The U.S. will then face not only the direct effects of a fiscal drag, but also its indirect effect on private spending," he wrote.
The problems in the euro zone, a slowdown in China and emerging markets, added to the chance that oil prices could be driven higher by tensions over Iran's nuclear program, will also add to America's economic woes, Roubini argued.
He warned the Fed will not be able to ride to the rescue this time.
"The U.S. Federal Reserve will carry out more quantitative easing this year, but it will be ineffective: long-term interest rates are already very low, and lowering them further would not boost spending," he wrote.
"Indeed, the credit channel is frozen and velocity has collapsed, with banks hoarding increases in base money in the form of excess reserves. Moreover, the dollar is unlikely to weaken as other countries also carry out quantitative easing."
Roubini also argued that earnings growth is now beginning to run out of steam, after buoying markets earlier in the economic cycle. The second-quarter earnings season has so far presented a mixed picture.
"A significant equity-price correction could, in fact, be the force that in 2013 tips the US economy into outright contraction. And if the U.S. starts to sneeze again, the rest of the world - its immunity already weakened by Europe's malaise and emerging countries' slowdown - will catch pneumonia," he warned.

US Economy Going From Bad to Worse: Roubini - Yahoo! Finance

[kmdh]

Ndiyo sisi tuna migodi lakini tumewagawia wazungu. Wanatuachia 3% na mashimo. Tuna ardhi nzuri lakini pia tumeamua kuwakodishia wageni wajilimie na kupeleka chakula kwao. Wenzetu Carribea watoto karibu wote wanavaa viatu, sisi watoto wetu kwa idadi kubwa bado wanasoma kwenye mavumbi. We should be ashamed.

Roma haikujengwa siku moja. Wewe unataka kesho ukiamka ukute kila Mtanzania ana maisha ya juu? Hiyo haiwezekani. Sisi tunaenda na kasi yetu lakini tunaenda. Na maendeleo yanaonekana. Kama wewe ungekuwa na uwezo wa kuchimba ungechimba uchukue hiyo 97%. Kama ulishindwa basi usilalamike wenzao wakifaidika. Si ndiyo uchumi wa kileo huo?

[Jasusi]

Roma haikujengwa siku moja. Wewe unataka kesho ukiamka ukute kila Mtanzania ana maisha ya juu? Hiyo haiwezekani. Sisi tunaenda na kasi yetu lakini tunaenda. Na maendeleo yanaonekana. Kama wewe ungekuwa na uwezo wa kuchimba ungechimba uchukue hiyo 97%. Kama ulishindwa basi usilalamike wenzao wakifaidika. Si ndiyo uchumi wa kileo huo?

Kasi gani hiyo unayozungumzia? Tanzania ya Kikwete iko nyuma na pale alipotuacha Mkapa. Hospitali zetu hoi, shule zetu hoi, elimu hoi, wakulima hoi, vijana hawana kazi hata baada ya kumaliza vyuo vikuu. Tulikuwa na haraka gani ya kuchimba madini kama uwezo hatuna? Tungesubiri Watanzania waweze kuchimba. Mbona Uganda imeweza? It is a shame!

[Mchambuzi]

A picture worth a thousand words.

[kmdh]

Kasi gani hiyo unayozungumzia? Tanzania ya Kikwete iko nyuma na pale alipotuacha Mkapa. Hospitali zetu hoi, shule zetu hoi, elimu hoi, wakulima hoi, vijana hawana kazi hata baada ya kumaliza vyuo vikuu. Tulikuwa na haraka gani ya kuchimba madini kama uwezo hatuna? Tungesubiri Watanzania waweze kuchimba. Mbona Uganda imeweza? It is a shame!

Kasi gani unauliza wakati nimeshaweka link hapa ya kwamba uchumi wa Tanzania unakuwa 6% kwa mwaka? Au niirudishe tena ile post? Halafu hao Waganda unaowaongelea mbona tumewapita kiuchumi? Angalia hapo chini kama huamini. Kuanzia GDP mpaka vipato vya watu tumewapita. Basi kwa mantiki hii sisi tunavyofanya ni bora kuliko wanavyofanya Waganda.

https://www.cia.gov/library/publicat...k/geos/ug.html

https://www.cia.gov/library/publicat...k/geos/tz.html

[kmdh]

A picture worth a thousand words.

Siku hizi American dream imegeuka kuwa American nightmare. Wana kazi kweli hawa Waamerika.

[mliberali]

lazima wataporomoka kiuchumi, ni kwasababu wameacha misingi ya waanzilishi wa taifa hili. walimtanguliza Mungu mbele, sasa wanakumbatia sera za,(kishetani shetani) kama ushoga,utoaji mimba, uonevu na ubababe kwa mataifa madogo ambazo ni chukizo kwa Mungu, hawana jinsi mungu ndo anawaadhibu hivyo

[Janjaweed]

Kwa shule hizo, kazi utazopata ni za chini kidogo. Yaani hata dola 2000 kwa mwezi unaweza usipate. Upo? Labda urudi mwenyewe ufungue biashara yako kama mjasirimali.

ni kweli mkuu, maana kazi za juu wanapewa wanaojua kujpendekeza na walio watoto wa vigogo waliosoma india, malaysia, turkey na makaratasi ya wapopo UK na USA

hata biashara lazima uwe na wanasiasa wa kukulinda na tra wale kwako

wacha tu nifagie barabara huku si mbaya one day yes naweza nikapa 150K kwa mwaka na kusogeza maisha

[Janjaweed]

A picture worth a thousand words.

absolutely classic..... whoooh

[Eiyer]

lazima wataporomoka kiuchumi, ni kwasababu wameacha misingi ya waanzilishi wa taifa hili. walimtanguliza Mungu mbele, sasa wanakumbatia sera za,(kishetani shetani) kama ushoga,utoaji mimba, uonevu na ubababe kwa mataifa madogo ambazo ni chukizo kwa Mungu, hawana jinsi mungu ndo anawaadhibu hivyo

I see . . . . . . . . . . . . . . . . . . . .

[Eiyer]

Kama vipi visivyotangazwa? Toa mfano.

Uchumi wa Marekani kuwa imara kuliko unavyodhani!

[Nonda]

Siku hizi American dream imegeuka kuwa American nightmare. Wana kazi kweli hawa Waamerika.

The Iranian chief executive went on to describe the US as a “bankrupt government that survives on other people’s money,” saying a government that has a $16 trillion foreign debt should not be allowed to release $32 trillion worth of paper money to plunder the wealth of other nations.

President Ahmadinejad added that if those [countries] that provided the US with the $16 trillion worth of loans demand repayment, the country would go bankrupt. “In politics as well, US rulers have managed to stay at pinnacles of power through deception, just like an athlete that rises to victory through doping,” he said.

He further asserted that the American people remain under pressure and have no say in their nation’s affairs, noting that all their exchanges, communications and social associations are monitored and tapped as in a high-security zone.

Link PressTV - War and meddling by big powers cannot produce reforms: Ahmadinejad

[jmushi1]

Uchumi wa bongo unakuwa kwa kasi kuliko wa America. Marekani iko hoi karibu wataanza kuomba misaada.

Uchumi wa Tanzania unaweza ukawa "unakuwa" kwa kasi kuliko wa America,lakini hiyo kasi kuwafikia kuwafikia America hata kama ingekuwa kasi ya mwanga kwa utaratibu wetu sisi bado sana...Uchumi haujengwi kwa porojo za simba na yanga.

[Rufiji]

Hivi maendeleo gani mnayoyazungumzia wakati watu kila siku wanakimbizwa India? Hivi ikitokea emergency kweli huo muda wa kukimbizwa India utapatikana? Au ndi watu watabakia kusema kazi ya Mungu?