View Single Post
McLovin McLovin is offline
Checked out
 
McLovin's Avatar
 
Join Date: Jun 2009
Location: On a beach
Posts: 10,127
Although I suppose if the discussion is focused solely on one number, i.e., just on whether the GDP number is negative or positive in a given quarter, you could do that.

But that seems a relatively useless exercise, given the big picture.

There probably will be a quarter in the next year where GDP moves to zero or slightly postive. As tabs posted, "When the money hits one is going to see an unsustainable sugar rush inthe economy." GDP is down, and that will move it up.

But big deal, because "when the money wears off the economy will decline back to its fundlemental or underlying economic base."

"The end results Americans are going to be and feel poorer in the decades to come."

"The current debate has mostly shifted to the vigor, or not, of the coming economic expansion. Will it be a slow, weak, and fitful recovery, hobbled by weak employment, stagnant wages, high consumer savings rate, rising interest rates - which I think is the current "consensus" view? Or will the recovery surprise, on the upside or the downside?"

I think there will be no real recovery, just some temporary "expansion" caused by more money being put into the system, which will, in the long run, cause more harm than good to the economy, U.S. strength, and US standard of living.
Old 07-22-2009, 10:48 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #15 (permalink)