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Not sure how things are over there in Rantlandia where you live.
Thank you for posting that chart That chart represents phony growth, fake growth induced by debt. The growth in GDP we have seen since 2009 has been a function of debt. This all shows that GDP is a false indicator. Spending does not show economic growth. Spending borrowed money is, in fact, a negative future-growth statistic, since MORE money will have to be repaid in the future, making spending of borrowed money a liability in terms of economic growth — unless the borrowed money generates more income. GDP should be measured by growth of income, not by spent money.
One must also take in to account borrowed money’s impact on the local currency; devaluation of the local currency impoverishes everyone using that currency except exporters. A less valuable currency, caused by an increase in government debt (and an increase in money creation) needs to also be valued into GDP calculatons.
More debt is the last thing we need. We are not insolvent because GDP is not growing. We are insolvent because of debt. We are spending trillions of dollars to suppress interest rates or we will have to default on government obligations — and we are spending trillions of dollars to suppress interest rates to keep consumers and corporations from going bankrupt by the millions.
More debt is not what we need. We need less debt — and therre is only one way to make this happen: higher interest rates. We are bankrupt. We are trying to hide the fact that we are bankrupt.
The last time we were bankrup this way, we needed a Great Depression and a World War to destroy all the bad matter the world had stored up. Today the world has much more debt than it did in 1933. This suggests that the destruction of matter will and must be even greater. Sorry Lieqianq, but there is no painless way out of our mess that we have created for ourselves. Funny thing is that most of you "DREAMERS" are not even aware in what kind of a mess we are in today. Unbelievable!!!!!!!
Atlanta Fed sees U.S. third-quarter GDP below 2 percent
Quote:
The U.S. economy is on track to grow at a 1.9 percent annualized pace in the third quarter following the September data on domestic retail data, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.
The latest third-quarter GDP estimate was lower than the 2.1 percent increase calculated on Oct. 7, the Atlanta Fed said on its website.
As I said before, we are just stalling, afraid to face the TRUTH, afraid to go thru Deflation and Depression like our brave parents or grandparents did. We are spending trillions and trillions of dollars, adding massive amount of debt, leaving our children and grandchildren with huge debt burden to cushion present for few years, to stall and pretend that this INSANE action will magically bring economic growth again.
Sorry, economic growth depends on debt destruction first. No debt destruction (depression, bankrupcies, defaults, maximum pain, chaos) no real economic growth.
Not sure how things are over there in Rantlandia where you live.
The real problem is we never had any catch up growth like all other recoveries. All that blank space under the line is millions of people who have been left behind and we don't have enough opportunity for them to get back.
Thank you for posting that chart That chart represents phony growth, fake growth induced by debt.
This is quite common among the doomsday types, you just dismiss anything that runs counter to your narrative as not real. Economic growth is what it is... getting bigger despite your claims of it being impossible. You labeling it "fake" because you don't believe what causes it doesn't make it any less real.
It comes down to this: is real GDP higher? Yes. That would be growth, therefore anyone claiming economic growth isn't possible in a low interest rate environment is at odds with reality. All the red text doesn't change this.
The real problem is we never had any catch up growth like all other recoveries. All that blank space under the line is millions of people who have been left behind and we don't have enough opportunity for them to get back.
LOL! Your dashed-line merely connects the peaks. It is a fraud, not a trend line. Can you claim that either the Fed or BEA put it there?
This is quite common among the doomsday types, you just dismiss anything that runs counter to your narrative as not real. Economic growth is what it is... getting bigger despite your claims of it being impossible. You labeling it "fake" because you don't believe what causes it doesn't make it any less real.
It comes down to this: is real GDP higher? Yes. That would be growth, therefore anyone claiming economic growth isn't possible in a low interest rate environment is at odds with reality. All the red text doesn't change this.
Lol..........GDP is a false indicator, a joke, designed to manipulate the masses, designed to manipulate people like you. We wasted trillions and trillions of dollars trying to trick GDP into some false statement about growth. GDP is not growth. Return on Investment is growth. Debt-spending is not growth. Debt-Spending is the impoverishment of unborn generations for the comfort of the present generation. This is the TRUTH, everything else is just an ILLUSION!!!!
the only illusion is you here every day predicting the end of life as we know it
Yes, as soon as rates go back up, this world that we created since 1983, kept on life support since 2001 and then again massivly supported with DEBT since 2009 will IMPLODE. We will go thru DEPRESSION and come out much stronger as a nation and we will build another world, create another REAL ECONOMIC EXPENSION AND GROWTH. But that also means you will meet your God again Mathjak, you will be brought to your knees and you will learn how to pray again. Just remember what I told you when it happens. Until then more of the same, low interest rates and more lies, lies, lies!!!!!
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That chart represents phony growth, fake growth induced by debt. The growth in GDP we have seen since 2009 has been a function of debt. This all shows that GDP is a false indicator. Spending does not show economic growth. Spending borrowed money is, in fact, a negative future-growth statistic, since MORE money will have to be repaid in the future, making spending of borrowed money a liability in terms of economic growth — unless the borrowed money generates more income. GDP should be measured by growth of income, not by spent money./cdn0.vox-cdn.com/uploads/chorus_asset/file/7162441/output_gap.0.png)
