When will the Bubble Burst?
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Description: Article in "Socialism Today" analysing the state of the world economy. The recent growth spurt has been propelled by a highly unstable cycle of consumer spending and business investment-fuelled by a crazy stock exchange bubble. Sharpening trends within the US economy and the still spreading world slump mean that the days of the US boom are numbered
When will the bubble burst?, Issue 37 The monthly journal of the Socialist Party The US appears to be an 'oasis of prosperity', still swimming strongly while much of the world sinks. Despite last year's turmoil, Wall Street's Dow Jones index is nudging the 10,000 mark. The latest US figures show rapid growth, reduced unemployment and near-zero inflation. The US's demand for imports continues to cushion the floundering economies of Asia, Latin America and even Europe. Has the new era capitalist economy really arrived? On the contrary, argues LYNN WALSH, the recent growth spurt has been propelled by a highly unstable cycle of consumer spending and business investment-fuelled by a crazy stock exchange bubble. Sharpening trends within the US economy and the still spreading world slump mean that the days of the US boom are numbered.
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| Page title: | When will the bubble burst?, Issue 37 |
| Keywords: | socialism, economics, Socialism, Socialist, journal, US, economy, magazines, Marxist, Marxism, Socialist Party |
| Description: | Socialism Today is the monthly journal of the Socialist Party. |
| IP-address: | 87.106.119.13 |
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| NS | Name Server:NS59.1AND1.CO.UK Name Server:NS60.1AND1.CO.UK Name Server: Name Server: Name Server: Name Server: Name Server: Name Server: Name Server: Name Server: Name Server: |
| WHOIS | Status: clientDeleteProhibited Status: clientTransferProhibited Status: clientUpdateProhibited |
| Date | Creation Date: 1999-06-09T08:51:36Z Expiry Date: 2014-06-09T08:52:15Z |