1. In 2008, the US economy has been growing at 3 percent, adding 2 million new jobs and inflation remains low at 2.7 percent.
2. The United States is the envy of the industrial world. The new economy is forty years in the making.
3. The average US worker productivity is the highest in the world and growing faster than any wealthy nation, including Japan
4. The United States is the low-cost provide of sophisticated goods where quality is more important than cheap labor.
5. The United States is experiencing an increase in exports of goods and services: computers, legal services, refrigeration, telecommunications, medical products and services, movie making technology, and military, agriculture.
6. US companies are investing in improved technology, robotics, enterprise software, and reengineering their company structure to work more lean. Information technology is giving a competitive advantage.
7. Turn around in the auto industry reflects a 10-year innovation infusion, union contraction, and cost saving process design. GM could escape bankruptcy and emerge as a lean machine, a machine that could change the world.
8. Americans see the US economy as an economic giant. The US exports over 300 billion barrels of oil a year. Tough oil exports are due to start and move the US into the number one oil exporter position.
9. The new economy is a recent phenomenon, driven by a bust in commodity prices, new technology, and massive financial structure. US living standards are the best in the world. China will take twenty years to catch US lifestyle standards.
10. US productivity will continue to grow 1.7% and weather recession pressures.
11. The US is producing more and better products each year.
12. A real estate boom in China would facilitate a new era of global Financial Debt collateralization. The US, 500 trillion dollar derivatives market would grow increasingly larger fueled by a new source of capital flows.
13. New forms of recreation are emerging, such as, the Segway Human transports all terrain. More Americans are enjoying the new medium of transportation and recreation.
14. Outside of any catastrophic event, it is unlikely that the US economic momentum will be hindered. Power law theory seems be pervasive and another sixty years of strong economic growth possible (Diddier). Potential financial catastrophic events in the derivatives market: CMO, CDS, CDO, and Municipal bonds or Financial collapse of Citigroup or Bank of America.
15. Federal Reserve intervention in 1987 and 1997 facilitated pressures that aided in the Stock market crash. The Fed cannot accurately estimate Stock valuations and cause economic stock crashes. How? Interest raising action by the Fed to curb the irrational exuberance associated with rapid price formed a shortage of capital, increased fear about the future cost of money, and trigger tightly networked group consensus through automatic risk systems rules that force massive simultaneous selling.
16. Fed Money supply policies balance inflation against unemployment rates. Fed policies often are riddled with fallacy: 1. Increased money supply does not allow create jobs 2. A lower interest rate does not always increase credit liquidity 3. Unemployment policies do not allows produce jobs.