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rawhide
Advisor

gdp

from a news source that tells the truth (according to some) http://www.cnbc.com/id/101787838

5 Replies
BA Deere
Honored Advisor

Re: gdp

Hey Rawhide, we are in diffult times here, it took $250 Billion to "buy" a NEGATIVE $74 Billion in GDP growth.  I honestly do not know how this can last even one more year.  But I`m sure some how some way it will.

 

http://www.zerohedge.com/news/2014-06-25/first-quarter-250-billion-federal-debt-bought-negative-74-b...

 

 

 

 

r3020
Senior Advisor

Re: gdp


@BA Deere wrote:

Hey Rawhide, we are in diffult times here, it took $250 Billion to "buy" a NEGATIVE $74 Billion in GDP growth.  I honestly do not know how this can last even one more year.  But I`m sure some how some way it will.

 

http://www.zerohedge.com/news/2014-06-25/first-quarter-250-billion-federal-debt-bought-negative-74-b...

 

 

 

 


Not to worry. Next report will show positive growth of several percent and will be known as the greatest turn around in the history of the country.

BA Deere
Honored Advisor

Re: gdp

All the top magicians have to be scratching their heads on how this trick is being pulled off.  David Copperfield making a 747 jet disappear and David Blane levatating before an audience have nothing on the federal reserve`s stunts.   Smiley Happy

hardnox
Advisor

Re: gdp

As I've said, under a Romney presidency the growth might actually be better owing to higher deficits through Republican Keynesianism- lower high end taxes and higher defense spending.

 

Although while God clearly wants those who deserve it to have the money and those who don't to get toughloved, it actually isn't a very efficient form of stimulus (high end tax breaks) as the multiplier is a lot lower at that end.

 

Armaments spending does carry a pretty strong multiplier.

 

And I suppose with a solid congress, we even would have had serious entitlement reform but even the most radical proposals don't provide a budgetary effect until well into the future. Which isn't to say that "the markets" wouldn't have loved the opportunity to pretend a bit longer that any of this crap will continue to work.

Samnospam
Advisor

Re: gdp

6 years of exceptionally low interests rates.  years of deficit government spending, month after month of $85b/month of money creation by the fed.    the dumbasses only answer EVER is 'not enough', never, never ' maybe we're wrong'