{"id":5012,"date":"2012-07-31T19:48:29","date_gmt":"2012-07-31T23:48:29","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5012"},"modified":"2012-07-31T19:48:29","modified_gmt":"2012-07-31T23:48:29","slug":"stephen-roach-america-cant-keep-relying-on-spending-to-drive-the-economy-business-insider","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/31\/stephen-roach-america-cant-keep-relying-on-spending-to-drive-the-economy-business-insider\/","title":{"rendered":"STEPHEN ROACH: America Can't Keep Relying On Spending To Drive The Economy – Business Insider"},"content":{"rendered":"

STEPHEN ROACH highlights the importance of capital investment in any US recovery:<\/p>\n

\n

Over the last 18 quarters, annualized growth in real consumer demand has averaged a mere 0.7%, compared to a 3.6% growth trend in the decade before the crisis erupted…… Consumption typically accounts for 70% of GDP (71% in the second quarter, to be precise). But the 70% is barely growing, and is unlikely to expand strongly at any point in the foreseeable future. That puts an enormous burden on the other 30% of the US economy to generate any sort of recovery.<\/p>\n

Capital spending and exports, which together account for about 24% of GDP, hold the key to this shift. At just over 10% of GDP, the share of capital spending is well below the peak of nearly 13% in 2000. But capital spending must exceed that peak if US businesses are to be equipped with state-of-the-art capacity, technology, and private infrastructure that will enable them to recapture market share at home and abroad. Only then could export growth, impressive since mid-2009, sustain further increases. And only then could the US stem the rising tide of import penetration by foreign producers.<\/p>\n<\/blockquote>\n

via STEPHEN ROACH: America Can't Keep Relying On Spending To Drive The Economy – Business Insider<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

STEPHEN ROACH highlights the importance of capital investment in any US recovery: Over the last 18 quarters, annualized growth in real consumer demand has averaged a mere 0.7%, compared to a 3.6% growth trend in the decade before the crisis erupted…… Consumption typically accounts for 70% of GDP (71% in the second quarter, to be … <\/p>\n

Continue reading “STEPHEN ROACH: America Can't Keep Relying On Spending To Drive The Economy – Business Insider”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[586,800,2436],"class_list":["post-5012","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-capital-investment","tag-consumption","tag-net-exports"],"yoast_head":"\nSTEPHEN ROACH: America Can't Keep Relying On Spending To Drive The Economy - Business Insider - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STEPHEN ROACH: America Can't Keep Relying On Spending To Drive The Economy - 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A comparison with China would not be appropriate due to differences in growth rates and the level of economic\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23000,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/02\/australia-q3-gdp\/","url_meta":{"origin":5012,"position":4},"title":"Australia Q3 GDP","author":"Colin Twiggs","date":"December 2, 2020","format":false,"excerpt":"From Andrew Hanlan at Westpac: Output increased by 3.3% in the quarter.....well above the market consensus (2.5%). Over the year, activity is still down by 3.8%, after the recession in the first half of 2020, which saw output fall by 0.3% in March and slump by 7.0% in June associated\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19880,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/07\/australia-the-bear-case\/","url_meta":{"origin":5012,"position":5},"title":"Australia: The bear case","author":"Colin Twiggs","date":"March 7, 2020","format":false,"excerpt":"The RBA cut the cash rate by 25 basis points on Wednesday this week, to a record low of 0.50%. This was necessary in order to limit the interest rate differential with the US and protect the currency. But it will not do much to help the economy. Household debt\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5012"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5012\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}