WRTING GLOBAL ECONOMY

I would like to write about the economy of the United States. The US faces the fiscal cliff as tax cuts end. It is a combination of the tax increases and spending cuts scheduled to start at the bigining of the next year. In addition, the US suffers from the serious debts that is equal to the seventy percent of its GDP. That kind of debts problem also bother European countries. Moreover, the unemployment rate of the US is 8.2 percent and what is worse that of the block workers is 14.4 percent. The fears of jobless recovery is serious problem. In spite of these bad conditon, the GDP of the US is forcast to grow two percent this year, which is the best of the advanced economies. Anyway, I cannot say much by seeing economic data and earnings, so the only things the market hope is the stimulas from everywhere, especially Europe and the quantitive easing.