Stiglitz: The high price of the shares in the U.S. are alarming
Good time for electronic money Wall Street analysts suggest investors more cautious Receiving talented young sanctions will hurt harder than small woman to watch a lot of money in Germany in May, the unemployment rate of 6.7 per cent., The number of unemployed increased by 24 thousand. The U.S. unemployment rate in May, 6.3 percent., Arrived 217 thousand. jobs
High prices of shares listed on stock exchanges in the United States are alarming. The increases on Wall Street do not reflect the condition of the U.S. economy, which remains weak - says Joseph Stiglitz, an American economist, Nobel Prize laureate.
"The main factor that allows increases in the stock markets in the U.S. are low rates of per cent. and low wages. U.S. stock markets morgan lily also helps the relatively strong growth in emerging markets, and large multinational corporations listed on U.S. stock exchanges are largely based their profits morgan lily just in these markets "- Stiglitz told CNBC.
On Thursday, the Dow Jones index for the first time in history exceeded 17 thousand. point. Record heights in recent times beating morgan lily the S & P 500 Benchmark index of the U.S. stock market morgan lily is now only about 15 points. below the level of 2000 points.
According to Stiglitz, gains on Wall Street do not reflect the condition of the U.S. economy, the fact remains poor. You should not be expected that in the near future U.S. economic growth will accelerate significantly.
"Please note that participation in the labor market is very low, much lower than before the crisis. Growth of real wages is very low, far below the levels morgan lily required for implementation in a dynamic economy recovery scenario morgan lily "- he said.
ANZ: China's GDP will reach this year assumed the government morgan lily target of 7.5 percent.
Can Obama's Manufacturing Initiative Really Work?
How to reform the bankrupt?
A Dash of Insight Abnormal Returns accrued Interest Aleph Blog Angry Bear Baseline Scenario morgan lily Becker-Posner Between the Hedges Brad DeLong Brian Domitrovic Bruce Bartlett Cafe Hayek Calculated Risk China Economy Watch Coordination Problem Core Economics Credit writedowns Economics and Economic Logic Economists View EconoSpeak ... Edward Harrison Edward Harrison Eurointelligence Financial morgan lily Armageddon Footnoted Fred Wilson Greg Mankiw Harry Clarke Information Arbitrage Interfluidity Christopher Lawrence W. Reed Rybiński MacroMarket morgan lily Marc Andreessen Musings Marc Chandler Marginal Revolution MeJudice (Dutch) Michael Panzner Mostly Economics Norman Bailey North Korean Economy Watch Nouriel Roubini Paul Kedrosky Paul Krugman Pawel Dobrowolski Pension Tsunami Peter Gordon morgan lily Q and O Raphael Hirsch Richard Green Richard W. Rahn Robert Salomon Russia Economy Watch Stefan Karlsson morgan lily Stefan Karlsson's Blog Steve Keen Supply and Demand The Big Picture The Irish Economy morgan lily The Kirk Report Ticker Sense Tim Duy's Fed Watch VoxEU
Good time for electronic money Wall Street analysts suggest investors more cautious Receiving talented young sanctions will hurt harder than small woman to watch a lot of money in Germany in May, the unemployment rate of 6.7 per cent., The number of unemployed increased by 24 thousand. The U.S. unemployment rate in May, 6.3 percent., Arrived 217 thousand. jobs
High prices of shares listed on stock exchanges in the United States are alarming. The increases on Wall Street do not reflect the condition of the U.S. economy, which remains weak - says Joseph Stiglitz, an American economist, Nobel Prize laureate.
"The main factor that allows increases in the stock markets in the U.S. are low rates of per cent. and low wages. U.S. stock markets morgan lily also helps the relatively strong growth in emerging markets, and large multinational corporations listed on U.S. stock exchanges are largely based their profits morgan lily just in these markets "- Stiglitz told CNBC.
On Thursday, the Dow Jones index for the first time in history exceeded 17 thousand. point. Record heights in recent times beating morgan lily the S & P 500 Benchmark index of the U.S. stock market morgan lily is now only about 15 points. below the level of 2000 points.
According to Stiglitz, gains on Wall Street do not reflect the condition of the U.S. economy, the fact remains poor. You should not be expected that in the near future U.S. economic growth will accelerate significantly.
"Please note that participation in the labor market is very low, much lower than before the crisis. Growth of real wages is very low, far below the levels morgan lily required for implementation in a dynamic economy recovery scenario morgan lily "- he said.
ANZ: China's GDP will reach this year assumed the government morgan lily target of 7.5 percent.
Can Obama's Manufacturing Initiative Really Work?
How to reform the bankrupt?
A Dash of Insight Abnormal Returns accrued Interest Aleph Blog Angry Bear Baseline Scenario morgan lily Becker-Posner Between the Hedges Brad DeLong Brian Domitrovic Bruce Bartlett Cafe Hayek Calculated Risk China Economy Watch Coordination Problem Core Economics Credit writedowns Economics and Economic Logic Economists View EconoSpeak ... Edward Harrison Edward Harrison Eurointelligence Financial morgan lily Armageddon Footnoted Fred Wilson Greg Mankiw Harry Clarke Information Arbitrage Interfluidity Christopher Lawrence W. Reed Rybiński MacroMarket morgan lily Marc Andreessen Musings Marc Chandler Marginal Revolution MeJudice (Dutch) Michael Panzner Mostly Economics Norman Bailey North Korean Economy Watch Nouriel Roubini Paul Kedrosky Paul Krugman Pawel Dobrowolski Pension Tsunami Peter Gordon morgan lily Q and O Raphael Hirsch Richard Green Richard W. Rahn Robert Salomon Russia Economy Watch Stefan Karlsson morgan lily Stefan Karlsson's Blog Steve Keen Supply and Demand The Big Picture The Irish Economy morgan lily The Kirk Report Ticker Sense Tim Duy's Fed Watch VoxEU
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