by Clif Droke, Gold Strategies Review
Since the start of the global economic recovery in 2009, the status of the U.S. economy has been a perplexing one. We’ve been bombarded with conflicting reports as to the economy’s strength or weakness at various times over the past 3+ years and at any given time it’s hard to get a good read on how well the domestic economy is performing overall.
When confusion prevails the best approach to cutting through the uncertainty normally begins with defining the basic terms involved. When news commentators talk about the “economy,” for instance, what they’re referring to is the sales and revenue trends of multi-national corporations such as McDonald’s, Wal-Mart, Microsoft, et al. Under this rather limited definition of economy, how well these U.S.-based multinationals are doing in foreign markets like China or India counts for as much (if not more) as how much they are selling to customers here in the U.S. Under this definition of “economy,” the global rebound since 2009 has been truly impressive.