Recession, what stinking recession?

Originally Posted by Rouger2

The economy should stay in a slow down. If it heats up we will just buy more chinese and foreign stuff running up the trade deficit that is so huge right now one cannot believe the numbers, and it continues billions and billions of dollars into the distance future putting all those dollars in chinese and other foreigners hands. Then we just have to borrow more and more money from them to cover our debt paying interest. We have allowed this trade deficit to happen or congress has because we didn't know what was happening. For our over indulgence we must pay with the economy we have. Lets just survive it but I'm afraid it will last a long time. I think it will go on like this never getting to bad that it cannot be handled until the trade deficit goes away.

You keep floating the idea that the trade deficit and debt are the same. They are not. Please quit saying that.

[Rouger2]

Originally Posted by 6SpeedTA95

You keep floating the idea that the trade deficit and debt are the same. They are not. Please quit saying that.

Who said they were the same read my posts. I said that the trade deficit is the way the chinese and Iraqiis and other foreigners have all those US dollars that we have to borrow to pay our debt. If you have a trade dificit then you importing more goods than you exporting so they are gaining dollars billions and billions and billiions of dollars every year and no end in sight.

Originally Posted by Rouger2

Who said they were the same read my posts. I said that the trade deficit is the way the chinese and Iraqiis and other foreigners have all those US dollars that we have to borrow to pay our debt. If you have a trade dificit then you importing more goods than you exporting so they are gaining dollars billions and billions and billiions of dollars every year and no end in sight.

Free Trade Under Fire



Read it.

[kinggovernor]

Originally Posted by Donkey®

I really think it's somewhere in the middle. The economy is far from great but it's also far from destroyed.

that is all I am saying as well

[Scrum]

Recession isn't even a real word. Liberals just made it up to make Bush look bad.

[kombayn]

^I think you need to go to Wikipedia and look up the Great Depression or look at the Recession after 9/11, when no one would buy shit because we were all scared of the next terrorist attack. Recessions are not made-up liberal words, they're by definition a real word with real meaning.

Originally Posted by Scrum

Recession isn't even a real word. Liberals just made it up to make Bush look bad.

I lol'd

[RMNIXON]

Originally Posted by Scrum

Recession isn't even a real word. Liberals just made it up to make Bush look bad.

I am gonna bump this thread just for laughs.

[Sir John]

fourth quarters typically do rise just by nature. So BFD if the DOW rises 500 points right before Christmas. It's a given. If we could pull out of Iraq in the first or second
quarter, maybe we'd see some real growth, from domestic investors.

Originally Posted by Sir John

fourth quarters typically do rise just by nature. So BFD if the DOW rises 500 points right before Christmas. It's a given. If we could pull out of Iraq in the first or second
quarter, maybe we'd see some real growth, from domestic investors.

How so? Some of the defense spending and injections by the govenrment the last 6 months are what has kept us moving forward. Cutting the equivelant of 100 billion a year in defense spending may not necessarily help this so called recession though the long term benefits would be good IMO.

[kombayn]

Everyone still saying, "What stinking recession?"

[Photon1001]

In all honesty, what can we do other then drill to bring down the price of gas?

Stop buying so much might be a start, you know, supply and demand?

Originally Posted by Ardentfrost

GDP increase of 3.3% with inflation of 5% = overall loss

EDIT: PS, 5% was a number out of my ass. The article says 4.2%, but those numbers are provided to us by the government and who knows if they're really right or not.

ummm no thats not how it works


The GDP number you see is an after inflation GDP number. If you want to get the total expansion in dollars of the economy you take the GDP + inflation and you get the increase in nominal GDP, not in real GDP. The stated GDP number of say 3.3% which was the 2nd quarter of this year is after you account for inflation. Total growth of GDP in nominal dollars if you have 3.3% GDP growth and 5.2% inflation is 8.5% total nominal growth.

[Ardentfrost]

Originally Posted by 6SpeedTA95

ummm no thats not how it works


The GDP number you see is an after inflation GDP number. If you want to get the total expansion in dollars of the economy you take the GDP + inflation and you get the increase in nominal GDP, not in real GDP. The stated GDP number of say 3.3% which was the 2nd quarter of this year is after you account for inflation. Total growth of GDP in nominal dollars if you have 3.3% GDP growth and 5.2% inflation is 8.5% total nominal growth.

You were fleeced... It says "increased at a 3.3 percent annual rate."

Financiers usually talk about increases annually like this, even if the time being analyzed is less than a year.

And you CLAIM this number is after inflation is taken into account, but the article never says that. It outlines what the inflation is later, but never says if the 4.2% inflation has been taken into account.

[Swift]

Originally Posted by Photon1001

Stop buying so much might be a start, you know, supply and demand?

Well, Americans are driving less. Has the price gone down signficantly yet? If there is more supply, the price goes down. It works from that side as well.

[Photon1001]

^Have you heard Lindsey Williams speak on what he calls, "The energy non-crisis" (If not it can be found easily enough on Google video)

Everyone can reduce demand, but only a very select few can increase supply, and it doesn't seem like they have a whole lot of motivation to do so.

[Swift]

Originally Posted by Photon1001

^Have you heard Lindsey Williams speak on what he calls, "The energy non-crisis" (If not it can be found easily enough on Google video)

Everyone can reduce demand, but only a very select few can increase supply, and it doesn't seem like they have a whole lot of motivation to do so.

They have plenty of motivation they also have a bunch of government regulations stopping them.

[Photon1001]

While that is true that there are far too many government regulations as to who can drill for what and where, there are also only a few very large oil barons with very powerful lobbyists that control the market and maintain an intense strangle-hold on the industry. I really don't believe that, even if allowed to drill wherever they want, they would drill for any more than the smallest possible amounts equivocating the highest possible profit margins. My ex-wife's family had discovered that there was a great deal of oil under their land, and when they tried to negotiate with various corporations to sell mineral rights or even the property itself, they were met with extreme intimidation to the point where their oil was never accessed at all, despite that there were no real barriers to have been done so with regards to regulations. The oil companies simply do not want more oil dug up than they can sell without deflating the very profitable rising costs per barrel rates of today.

I'm posting that video here, in case you may have missed it, although Reverend Williams's claims that the World Bank's domination of the petroleum-based economy does sound a bit too conspiratorial, he does paint a very interesting picture of the oil industry and its internal workings.

The Energy Non-Crisis