Quote:
Originally Posted by tabs
Boy O Boy 2ND OTR 16 GDP came in at 1.2%...I quiet frankly thought the number would have been better...maybe with the FED revisions it will be a bit better..
But on the longer term prognostication....of the economy tanking without the FED QEing...it is right on the money.
So how is that growth number workin out for ya BO? does it fit in with your Alice in Wonder Land speech..
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GDP is no longer a relevant figure. It includes government spending which is all debt driven and healthcare insurance and pharmaceutical prescription cost increases. The real number is most likely -10% on an annual basis. It's simply peak debt. Study France at the end of the 1700's. History repeats.