User banned
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Join Date: Nov 2011
Posts: 14,477
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User banned
Join Date: Nov 2011
Posts: 14,477
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Are the UK/US economies really booming?
Almost every econ omic indicator says so, so why doesnt it feel like its booming
Both stock markets are way up...dow jones up 1000 points since trump thats 5% worth 100s of billions...since brexit its up even more nearer 10%
The unemployment rate is down to a record 4.4% the lowest in the us for over a decade...trumps reign has seen a net gian of nearly 500,000 jobs
In the uk unemployment is down again to 4.7% the growth in gdp is up and exceeded predictions
The stock markets are up a whopping 22% 27% and 33% since brexit
The pound has risen after a big fall, its now back to 1.29 thats a fall of 13% since brexit
The steel industry has made a miraculous comeback
BUT scratch the surface and wages have stagnated for many years, disposable incomes for the working classes have fallen and the gap between rich and poor is the highest since maggie thatcher milk snatcher rode into power and smashed society
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