[JayCT]

Originally Posted by BobNJ1960

Our path since 2005 is troubling. We had several good decades leading to it and we are still riding the lead we built up during those, but we are slipping the last 15 years. Our recent experience stinks economically.

What exactly has slipped? By all measures our economy is as strong as it was in 2005. Our GDP is just as strong, as is our wealth. Like I said, I’ve been on this forum for 14 years now and have heard these “The Sky is falling, the sky is falling” cries ever since and if you look at the facts, none of it is true. Jay

[Stepfordct]

Originally Posted by synchem

All sorts of FUD in this post. The grid doesn't need to support that growth because cars do not draw continuous power. Batteries use cobalt and lithium which aren't rare earth metals. Technology grows at an exponential rate and people do not think well exponentially (as a thought experiment guess the width of a piece of paper if you were to fold it in half 50 times). In 15 years the technology will more than be able to handle what is needed as well as the efficiency of the vehicles and range of them will be dramatically better.

The earth gets hit with 170k terawatts of energy hit the earth continuously. It doesn't necessarily need to come from power plants.

Most EVs are charging at night. Cali was hit with rolling blackouts last year. They haven't built any new power plants in years.
Sure technology improves. But to what extent? So do ICE cars re emissions.
Yes I misspoke here about the Lithium and Cobalt, my bad.
But there are rare earth metals used in many of the EV motors.

Also the pollution caused by the mining of all these metals is outsourcing ours

[Henry10]

Originally Posted by BobNJ1960

Our path since 2005 is troubling. We had several good decades leading to it and we are still riding the lead we built up during those, but we are slipping the last 15 years. Our recent experience stinks economically.

It's strange that you hear on this thread -- "hey look, CT does not have boom and bust," and the other one "we are # 1 in Income!"

CT may be # 1 in Income but that is due to being a sidekick to Wall Street, which is not bad per se. But don't be happy to be a sidekick to Wall Street and not expect boom and bust.

Yes, you are correct -- CT is running on fumes of previous decades' growth, and in the last 1-2 decades riding the coattails of Wall Street. Meantime, CT is dead-last in the country for business friendliness. Something's gotta give.

[kidyankee764]

Originally Posted by Henry10

It's strange that you hear on this thread -- "hey look, CT does not have boom and bust," and the other one "we are # 1 in Income!"

CT may be # 1 in Income but that is due to being a sidekick to Wall Street, which is not bad per se. But don't be happy to be a sidekick to Wall Street and not expect boom and bust.

Yes, you are correct -- CT is running on fumes of previous decades' growth, and in the last 1-2 decades riding the coattails of Wall Street. Meantime, CT is dead-last in the country for business friendliness. Something's gotta give.

CT’s flatline turned covid-boom during the housing market showed that CT, in fact, can boom and bust like the rest of the country.

[synchem]

Originally Posted by Stepfordct

Most EVs are charging at night. Cali was hit with rolling blackouts last year. They haven't built any new power plants in years.
Sure technology improves. But to what extent? So do ICE cars re emissions.
Yes I misspoke here about the Lithium and Cobalt, my bad.
But there are rare earth metals used in many of the EV motors.

Also the pollution caused by the mining of all these metals is outsourcing ours

Also charging at night helps balance out the grid. Anything that helps spread consumption out over the day/night is ideal so power generation doesn't need to be in drastic flux. Also by 2035 with electric and autonomous vehicles, car ownership will probably drop off a cliff. Also Cobalt and Lithium can be recycled from batteries.

[BobNJ1960]

Originally Posted by JayCT

What exactly has slipped? By all measures our economy is as strong as it was in 2005. Our GDP is just as strong, as is our wealth. Like I said, I’ve been on this forum for 14 years now and have heard these “The Sky is falling, the sky is falling” cries ever since and if you look at the facts, none of it is true. Jay

Our GDP growth rate is feeble relative to the US GDP growth rate.

[BobNJ1960]

Originally Posted by Henry10

It's strange that you hear on this thread -- "hey look, CT does not have boom and bust," and the other one "we are # 1 in Income!"

CT may be # 1 in Income but that is due to being a sidekick to Wall Street, which is not bad per se. But don't be happy to be a sidekick to Wall Street and not expect boom and bust.

Yes, you are correct -- CT is running on fumes of previous decades' growth, and in the last 1-2 decades riding the coattails of Wall Street. Meantime, CT is dead-last in the country for business friendliness. Something's gotta give.

Bingo. The 1950s to 2005 were excellent in terms of growth in Ct. It's not been good since (GROWTH).

If Icahn and Alliance Bernstein found leaving Wall St palatable, how many years before far more of the rank and file on Wall St venture into offices far from the Northeast?

Pre 2005, we were rock solid at organic Ct growth, w/o needing to cling to Wall St. We are not anymore.

[JayCT]

Originally Posted by Henry10

It's strange that you hear on this thread -- "hey look, CT does not have boom and bust," and the other one "we are # 1 in Income!"

CT may be # 1 in Income but that is due to being a sidekick to Wall Street, which is not bad per se. But don't be happy to be a sidekick to Wall Street and not expect boom and bust.

Yes, you are correct -- CT is running on fumes of previous decades' growth, and in the last 1-2 decades riding the coattails of Wall Street. Meantime, CT is dead-last in the country for business friendliness. Something's gotta give.

If this was true, then only Fairfield County would be affluent. Every county in Connecticut has income levels above the US average. If what you claim was true that would not be the case. Jay

[JayCT]

Originally Posted by BobNJ1960

Our GDP growth rate is feeble relative to the US GDP growth rate.

We are No. 3 in Gross Domestic Product per capita. How is that feeble in ANYBODY’s right mind? I’ll give you a hint, it’s not. Jay

[BobNJ1960]

Originally Posted by JayCT

We are No. 3 in Gross Domestic Product per capita. How is that feeble in ANYBODY’s right mind? I’ll give you a hint, it’s not. Jay

The trajectory 2005-2020 in growth is feeble.