Laura Tyson: America's Three Deficits

US employment grew solidly in December and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity. -- PHOTO: REUTERS BERKELEY - This year began with a series of reports providing tantalising evidence that economic recovery in the United States is strengthening. The pace of job creation has increased, indicators for manufacturing and services have improved, and consumption spending has been stronger than anticipated. But it is too early to celebrate. Output growth in the US remains anemic, and the economy continues to face three significant deficits: a jobs deficit, an investment deficit, and a long-run fiscal deficit, none of which is likely to be addressed in an election year. Although output is now higher than it was in the fourth quarter of 2007, it remains far below what could be pro...

Full article: http://www.straitstimes.com/Project_Syndicate/Story/STISt...

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@bennydu » 07 Feb '12, 8pm
RT @BerkeleyHaas: Commentary from Prof. Laura Tyson: America's Three Deficits [link]
@BerkeleyHaas » 07 Feb '12, 8pm
Commentary from Prof. Laura Tyson: America's Three Deficits [link]
@buscar1 » 06 Feb '12, 10am
Laura Tyson: America's Three Deficits: The pace of job creation has increased, indicators for manufacturing and ... [link]
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Laura Tyson: America's Three Deficits [link] [StraitsTimes World]
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Reading: Laura Tyson: America's Three Deficits - Straits Times [link]
@hametjohnjr » 06 Feb '12, 5am
Laura Tyson: America's Three Deficits: Output growth in the US remains anemic, and the economy continues to face... [link]
@scott1stewart » 06 Feb '12, 4am
Laura Tyson: America's Three Deficits: The output gap reflects a deficit of more than 12 million jobs - the numb... [link]
@Annette2947 » 06 Feb '12, 4am
Laura Tyson: America's Three Deficits: Consumption, which accounts for about 70 per cent of total spending, is c... [link]
@Annette2947 » 06 Feb '12, 4am
Laura Tyson: America's Three Deficits: Spending in these areas accounts for less than 10 per cent of US governme... [link]
@team5stars » 06 Feb '12, 4am
Laura Tyson: America's Three Deficits: Even before the Great Recession, American workers and households were in ... [link]
@bridget_28 » 06 Feb '12, 4am
Laura Tyson: America's Three Deficits: Indeed, the 2002-2007 period was the only recovery on record during which... [link]
@LiVnWealthy » 06 Feb '12, 3am
Are We Recovering? Laura Tyson: America's Three Deficits [link]
@CareerAndBizOps » 06 Feb '12, 2am
Laura Tyson: America's Three Deficits: America's jobs deficit is primarily the result of inadequate aggregate de... [link]
@RoccoMaxamas » 07 Feb '12, 9pm
RT @BerkeleyHaas: Commentary from Prof. Laura Tyson: America's Three Deficits [link]
@GlobalPitch154 » 06 Feb '12, 7am
Laura Tyson: America's Three Deficits [link]
@echicks2010 » 06 Feb '12, 5am
Laura Tyson: America's Three Deficits [link]
@hametwiseman » 06 Feb '12, 5am
Laura Tyson: America's Three Deficits: Output growth in the US remains anemic, and the economy continues to face... [link]
@0ib » 06 Feb '12, 4am
Laura Tyson: America's Three Deficits [link]
@GlobalPitch154 » 06 Feb '12, 3am
Laura Tyson: America's Three Deficits [link]
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Laura Tyson: America's Three Deficits [link]