The Us economy grew at a moderate 2.1% annual rate in the third quarter compared to the Commerce department's initial estimate of 1.9% growth.
2.1% is certainly not something to get exited about considering that the US is the "go to place" for the world's capital outflows. According to the IMF the US is receiving over $4 trillion a year in foreign capital inflows. A quarter of US GDP is transferred to the US from foreign sources. The US is only doing as well as it is because the rest of the world is doing so badly! If foreign capital had someplace to invest their money they would be keeping it at home. Instead, the rest of the world is stripping its asset base to feed the US debt machine, and its military industrial complex. What can't continue; won't!
We are at the end of the oil age, and the world is dying from energy starvation. The big C in C&C can no longer be replaced. The only solution that has been proposed to fix the problem is to put a wind turbine on every square mile of the planet's surface. California tried it, now they are sitting in the dark. Europe tried it, and their utility industry is going broke. It must constantly be propped up with government subsidizes to exist.The world is mining its asset base at a rate of $49 trillion a year. Next year will be more, and the year after that will be more again. What can't continue; doesn't!