Thursday, October 29, 2009

Happy days are here again

Media all across the United States are reporting that the US economy last quarter grew for the first time in over a year, at an annual rate of 3.5 percent (topping Korea's 2.9 percent).

Hawaii's economy is still in the toilet, though. Hey, South Korean citizens! The US gave you visa-free entry... Now use it, dammit!

1 comment:

  1. 1) Three straight positive GDP quarters are needed before you can call a recession of this magnitude dead.

    2) Korea's economic recovery has not lead to increased consumer consumption thus items of Korean disposible income usage, i.e. tourism, are not in effect yet. Plus, the won is still weak, which also keeps Koreans from spending money overseas.


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