The U.S. Economy is Uncertain, Fragile, and … Growing

Over at the Kauffman Foundation, Tim Kane has released his latest quarterly survey of economic bloggers. Here’s the usual word cloud reflecting the adjectives (up to five per respondent) that we econobloggers offered up to describe the U.S. economy:

That’s much better than last quarter, when you needed a magnifying glass to find any optimistic sentiments:

As usual, the survey also includes various questions about economics, policy, and haiku. Yes, the survey solicited haiku about the European debt crisis. My inner muse didn’t speak that day, so I don’t have my own to share. So let me offer up Jeff Miller’s (A Dash of Insight) as food for thought … and not just for Europe:

When the task is great

take but one step at a time

Compromise builds strength

9 thoughts on “The U.S. Economy is Uncertain, Fragile, and … Growing”

    1. Actually, I only counted 102 words. I couldn’t find the best descriptors, non-existent, ephemeral, illusory, fictional and fabricated.

  1. it strikes me that econ bloggers are spending a lot of time talking to each other if they have such a consistent position last quarter, and they all seem to be moving in the same direction again.

    nonetheless, this is a clever technique.

  2. Having been around long enough to remember the statistics of the Soviet Union about how productive they were, I find myself questioning the glib announcements about our “GDP”. I remember reading an economists’ scoffing at the components of the “GNP”, back in the day, as to just what was counted as productive. Lately , after hearing about the productivity of “Derivatives”. for example (still a hot item, I gather), I have even less confidence in these “statistics”. There doesn’t seem to be any necessary connection to anything “real”; do you think there is?

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