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Personally it will not affect me that much. I have prepared for what ever happens, but the majority of you are not, and you will be in deep trouble.
Given that you just claimed everyone not in the financial industry is currently getting sodomized, you'll pardon if I dismiss your appraisal of others' life situations as shaky at best.
It ended with a slow recovery between 1933 and 1940.
Now that one is comical.
Just on schedule, on time, due to sound policies, and proper allocation of resources?
Real Deal.
By the time Japan invaded China (1937), and Germany invaded Poland (1939), everyone else was already freaking out and starting huge military build-ups and drafts -- pulling all available labor, materials, and resources into play.
Just on schedule, on time, due to sound policies, and proper allocation of resources?
If you find history comical...alright. I'm not sure about "on schedule, etc", but the recovery was due to sound policies. Keynes' work was instrumental in understanding the problems during the depression and also understanding how to fix them.
Quote:
Originally Posted by Philip T
By the time Japan invaded China (1937), and Germany invaded Poland (1939), everyone else was already freaking out and starting huge military build-ups and drafts -- pulling all available labor, materials, and resources into play.
The recovery started well before any build-up from the war, this is just historic fact. By 1936~1937 both GDP and industrial production were back to pre-depressions levels, again just historic fact.
I'm sure none of this matters to you though, you "just know" that the war ended the depression because that is what you've heard many times. It had nothing to do with the economic work of that commie pinko and the policies for FDR.
If you find history comical...alright. I'm not sure about "on schedule, etc", but the recovery was due to sound policies. Keynes' work was instrumental in understanding the problems during the depression and also understanding how to fix them.
The recovery started well before any build-up from the war, this is just historic fact. By 1936~1937 both GDP and industrial production were back to pre-depressions levels, again just historic fact.
I'm sure none of this matters to you though, you "just know" that the war ended the depression because that is what you've heard many times. It had nothing to do with the economic work of that commie pinko and the policies for FDR.
Well said. The doomsayers on the internet don't need facts. Why bother with them when you can be a VP candidate without facts? All it takes according to 45% of the American voters is motherly intuition and so-called common sense.
Right, data is only used when it confirms what they want to believe, data is claimed to be manipulated when it doesn't confirm what they want to believe.
These folks have shielded themselves from reality, there is no way to disprove what they are saying as any information that conflicts with they "just know" is disregarded.
I just wish they'd stop spamming the forums.
Sure you do, that is why you spend hours a day following us around the forum like an ankle biting small dogs; trying in vain to disprove everything we say using tricks and propaganda that would make James Carville ashamed.
I certainly hope someone is paying you guys to do this, because it would be kind of strange and pathetic to think you are wasting your own time (regardless of how invaluable it is) to run a disinformation campaign.
Sure you do, that is why you spend hours a day following us around the forum like an ankle biting small dogs; trying in vain to disprove everything we say using tricks and propaganda that would make James Carville ashamed.
Yes, I spend hours a day to write 1-2 posts (on average) a day on economics forum. And yes, citing data and providing arguments is using "tricks and propaganda". You are demonstrating my point rather well, anybody and anything that conflicts with what you want to believe is shut out.
That is completely false as 1938 and 1938 were just as bad (if not worse) as many of the years in the early 1930's.
No its not, you may want to actually look at the data. There was a recession in 1937, largely attributed to the government trying to cut spending. But the recession in 1937 was nothing like the early 1930's, the unemployment rate was less than half than it was in the early 1930's. The stock market didn't crash, GDP declined just a bit and quickly recovered.
No its not, you may want to actually look at the data. There was a recession in 1937, largely attributed to the government trying to cut spending. But the recession in 1937 was nothing like the early 1930's, the unemployment rate was less than half than it was in the early 1930's. The stock market didn't crash, GDP declined just a bit and quickly recovered.
Again just look at the data.
Yes, just look at the data. The unemployment data, since the title of this thread is putting the jobs recovery into perspective.
The BLS estimates the UE rate in 1937-38 spiked from 14 to 18%
It would have to have peaked above 36% in the early 30s for the 37-38 data to be, as you state, less than half of what it was in the early 1930s. BLS estimates that UE peaked at ~22% nationwide in 1935.
The UE rate through the entire period from 1932-1939 was higher than any recorded period before or since. From 1941-1944 UE dropped from nearly 15% to just above 1%. A brutal, horrific world war made a great jobs program--and it, not FDR's policy, was responsible for economic recovery from sustained decade-long depressionary UE prints.
Quote:
Originally Posted by jimhcom
that is why you spend hours a day following us around the forum like an ankle biting small dog; trying in vain to disprove everything we say using tricks and propaganda that would make James Carville ashamed.
Bullseye!
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