The Coming Boom in the US
Roger Altman has written an OpEd in the Financial Times in which he argued that a Boom is coming our way in the United States for the following five reasons. Please read and comment . Be sure to use your real name, Non Anons!!!
Rising home prices. Home prices are rising in half of the major housing markets in the U.S.
Booming energy production. Gas and oil production in the U.S. has increased at “breathtaking” rates.
Financial sector health. The banking sector, nearly nationalized while on its deathbed just a few years ago, has recovered faster than anyone thought possible.
Competitiveness. A few years ago, we were becoming a post-industrial nation. Now we’re back in the game of making big, hard things.
Budget balancing. Here Altman gets a bit partisan, predicting that an Obama re-election could result in a budget deal that brings down our mounting debt levels.