The US has definitely had its issues with its economy in the last few years. But now it seems that things are looking up, especially when analyzing economic activity over the last year. The country’s S&P 500 Index is said to be doing better than its counterparts in Frankfurt, Hong Kong, Sao Paulo, Shanghai and Tokyo by at least 15 percent. As well, Dow industrials increased 135.63 points on housing and employment. In addition, figures for overall employment are good too with less Americans filing jobless claims.
The Only Way is Up
In truth, things were looking pretty dreary for the American economy a few years ago. It all started to go disastrously wrong in 2007 with the mortgage crisis. Thereafter, there was the plummet in stocks. This was followed by high levels of unemployment, and the collapse of the motor industry. Banks closed, and it seemed at one point that it was becoming almost impossible to hang on to any job. So, truthfully, the situation had no place else to go but up.
Asia Helping America
Today, in 2011-12, America’s economy is definitely going in the right direction. This is in spite of Europe’s debt crisis. Further, since there are now worries about inflation along with a drop in growth in Asia, this is positive for America’s economy too. Japan’s auto industry is suffering somewhat since until recently it was a world leader. This changed due to the overpriced Japanese Yen. But again, this is good news for America as Honda has decided to move four of its manufacturing units out of the country, to America and Mexico. And what this has translated to, is sales of Honda (in America) being just a tad behind those of Korean Hyundai vehicles. Great news for Americans working with Asians leading to the hope of more business deals ahead.