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There is a Christmas every year, yet this quarter was best in six years.
Wow..so this Christmas at the bottom of a recession was better than the best Christmas at the height of the bubble ?
Somehow..me thinks that just isn't right. This quarter was better than 4Q2005 or 4Q2006..when credit was flowing and homes were tripling in value overnight ?
The 1873 crash was caused by government printing of money from the civil war and it being funneled into speculative investments after the war. Also, the price of goods dropped dramatically, which is always a good thing except for Keynesian idiots. Basically, it was hogwash.
You don't even realize that you are spouting contradictory statements from opposite corners of your mouth. If the government printed money which was funneled to speculative investments, there would have been inflation, not deflation (i.e. "the price of goods dropping dramatically.") Basically, you are spouting hogwash.
Wow..so this Christmas at the bottom of a recession was better than the best Christmas at the height of the bubble ?
Somehow..me thinks that just isn't right. This quarter was better than 4Q2005 or 4Q2006..when credit was flowing and homes were tripling in value overnight ?
Holiday season retail sales this last Christmas WAS better than 2005 - though not 2006 or 2007. Those are the ONLY 2 years with a greater sales total than last year though.
Dude, you seriously need remedial Econ 101 classes. Inventory liquidation is part of every economic cycle. You dismissed the current GDP report because you think it's just from "inventory liquidation", as if to say the GDP growth isn't real or valid. Well, duhh. You can't get to the next boom until you've cleared excess inventory from the previous cycle. Try reading Econ books some time, instead of relying on websites and links from which to display your ignorance.
Dude come on , I was hoping for better than this, you need to step it up!
Dude it is the velocity of demand that matters. Because inventory is liquidated is irrelevent, what matters is if you have to hire more bodies to replenish inventory. Get your nose out of the book and into the real world.
Last edited by shorebaby; 01-29-2010 at 08:33 PM..
The economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending.
The Commerce Department said on Friday its first estimate put fourth-quarter gross domestic product growth at its fastest pace since the third quarter of 2003. The economy expanded at a 2.2 percent annual rate in the third quarter.
Hooray!!! The recession is over! All of you unemployed people get back to work, right away! Thanks Mr. President.
Dude it is the velocity of demand that matters. Because inventory is liquidated is irrelevent, what matters is if you have to hire more bodies to replenish inventory. Get your nose out of the book and into the real world.
Oh? So now it is velocity of demand that matters rather than inventory liquidation? But weren't you the one who brought up inventory liquidation in the first place? And if you think it is velocity of demand that matters, then you have just conceded that Obama's stimulus package is the right thing to do after all. The stimulus package was intended precisely to stimulate demand.
Oh? So now it is velocity of demand that matters rather than inventory liquidation? But weren't you the one who brought up inventory liquidation in the first place? And if you have think it is velocity of demand that matters, then you have just conceded that Obama's stimulus package is the right thing to do after all. The stimulus package was intended precisely to stimulate demand.
Look dude, That is what the whole inventory argument is about, velocity of demand. For the last year no one has been producing anything and inventory has at last run out. It was going to happen, stimulus or no stimulus. Not one job has been created.
Look dude, That is what the whole inventory argument is about, velocity of demand. For the last year no one has been producing anything and inventory has at last run out. It was going to happen, stimulus or no stimulus. Not one job has been created.
Wrong. Without the stimulus measures, the velocity of demand would have been zero, and inventory would not have been liquidated. Cash for clunkers, for instance, created demand for cars which liquidated inventory which in turn cranked up production of new cars to replace depleted inventory. The homebuyer credits did the same thing for housing. It's no coincidence that job losses have receded from 600K a month to a gain of 4000 in Nov 2009. I suggest you pull your head out of your arse and get back to the real world.
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