No recession huh?

The Treasury is at least $ 9 trillions dollars in the hole.
This is called the U.S. National Debt.

If we had the money, wouldn't they have named it instead, U.S. National Surplus?

Got any more "calculations, data and statistics", from where this "money" is coming from??

 

do you even understand what the national debt is.... so you are saying we have to have a surplus for the government to create money?? every nation in the world has a national debt, you don't quite seem to grasp the concept of what it is, they can print money... lol

 

Debt is simply money owed, with interests incurred.
Whether it is actually paid back, is another matter...

I believe, this has been already been brought out earlier in this thread.

You seem to be in the habit of going round and round in circles.

 

Do you even seriously understand implications of getting into debt?
Let alone not having the capacity to repay the original debt, plus interests owed?

 

the debt has been relatively stable for the past few decades... the nominal value of the debt is everincreasing, but the debt in relation to the GDP is not get that through your head

 

Although, not necessarily an "insurance" company, Bear Stearns went belly up.

Perhaps, not all will go belly up yet...
Thanks, to the government baillout.

The problem is, the government is bailing them out with "phantom" money.

 

you can give all your phantom money over to me if it isn't worth anything

 

GDP alone is not an accurate measurement of progress.
In other words, relying on GDP don't mean shit.

Senate hearing: GDP fails to measure progress
https://www.youtube.com/watch?v=_yJ_ZkVvrYw


Again, this part of the thread has been brought out already before, including your use of your chart. Do you have any other "statistic" lying around somewhere...?

 

gdp is an indicator of economic growth... not social growth, if there is an oil spill then people are hired to clean it up, it creates jobs, if someone dies on the highway there are many investigators, clean up crews, ect it is a measure of economic growth not social development, there are also measures of social growth but GDP is not for that(yes GDP does have its flaws, as any measure does but it provides a good reading on the economic outlook)

 

just stop talking, atleast stev is trying to post something relevant to the thread you're just flaming I don't even know how you became a moderator

 

Joseph Stiglitz, is a winner of the Nobel Memorial Prize for Economics (2001)
This video refutes your claims regarding the GDP.

Acqa, please tell us why we in this forum, should listen to your "calculations" and "statistics", instead of him?


Joseph Stiglitz - Problems with GDP as an Economic Barometer
https://www.youtube.com/watch?v=QUaJMNtW6GA

 

december 26th 2007 the dow was at 13,551 it closed thursday at 12,361 thats after the bandaid the fed put on the MRS infested sore that is the so called "credit crunch". on march 10th it was at 11,740.

i expect it to fall below that before the end of next week..

my point is that while the 2000 point fall hasnt came as fast as predicted it is 2/3's of the way there and all indications are it may very well surpass the 11,500 mark before the end of the month..

you can trivialize the fact that it didnt happen in 2 weeks all you want,but the fact is it was within 200 points of meeting that mark in 10 weeks..

 

Social growth???

Whoever suggested that?
I don't think that term ever showed up on this thread until now.
If it did, it must only have come from you. :jester:


What drug are you on right now?
Just curious.

 

i watched the whole video but i have to go out, but dont worry i already have a few interesting points ( again GDP does have its flaws but what he is proposing is just dumb)

 

if you had bothered to watch your own "senate GDP" video lol..

 

well if you bothered to watch your own videos lol, both of them mention how GDP doesn't measure social development

 

Well, you're refuting your own statements then.

You insists on the importance of GDP, yet, at the same time point to a fact that GDP doesn't measure social development, and such.

If a winner of a Nobel Prize in economics points out that GDP is not an accurate measure of progress, what then, is your chart measuring???

 

I think, you're making things up randomly, on the fly.
Just to make yourself a "pain in the ass" on this forum, to get attention.
And you call that, engaging in a "discussion".
Nobody's buying into you, if you haven't figured that out yet.

Oh, yeah, calling a winner of a Nobel Prize in Economics, as "dumb", that pretty
much gives you away as a fraud.

 

Buffett says U.S. in recession, stocks not cheap


Billionaire investor sees slowdown in consumer spending

http://www.msnbc.msn.com/id/23445729/



Warren Buffett, the world's richest man says we already are in a recession, regardless of the "technical" requirements.

If the worlds' richest man himself says we are in a recession, yet some punk on hipforum say's "no we aren't", who you gonna believe?

 

no, i said that GDP gives a rough estimate of the general direction of economy, i never said it gives a very accurate measure of social development, it gives a rough one, for example we can assume a country with a very large per capita gdp is going to be better off than a country which has a much lower one but that doesn't account for income disparity(which there are seperate measures of) you can't have one measure that measures economic growth, social growth, income disparity and everything else under the sun lol, i never said he was dumb i just said what he was saying was dumb, but GDP does serve as a good ECONOMIC indicator