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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (50315)	1/19/2006 10:22:05 PM
From: ahhaha	Read Replies (3) of 110194

The economy is hardly growing. As a matter of fact it could be contracting as we speak. Not one economist would agree with you. Why are they deluded and you enlightened? GDP is at 4%+ because it is not properly adjusted for inflation. The 4% is real GDP: "Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.1 percent in the third quarter of 2005, according to final estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.3 percent." bea.gov Understated inflation=overstated GDP. Overstated education = understated comprehension. And the productivity growth is just a myth. Yawn. Why do you, a completely incompetent nobody, make these trivially false claims? I've argued that productivity is actually running at 5%, but to say it's at 0% is just stupid idiotic prejudice. In my area the Mexicans are putting bums like you out of work. That ought to be your sine qua non proof that productivity is high. Is a real estate agent 100% more productive because he sold a house that is 100% more expensive ? Is it possible to survive as an adult and have this kind of understanding? Don't you see that since you're surviving, that fact proves we're in good times? If you were subjected to the real world, you'd be finished toot sweet. You're being protected by the wealth in the rising real GDP. Death spiral means that the economy is in a position where the only two scenarios are either a depression or hyperinflation since the government is technically bankrupt. It is you who is bankrupt. You can't discern between good times and bad. That means you have to be punished, and in due time you and others like you will find a way to bring about conditions which will summarily punish you. The unemployment is low now, Let me ask you, how could unemployment be low with flat real GDP? That combo has never existed anywhere throughout history. but what will unemployment be like if real estate on the coasts drops 50% or more and interest rates rise to 10%+ ? What you should be asking is what will happen to you in that circumstance. We are in the bubble of epic proportions and the economic pain will be epic as well. You can't give one iota of evidence supporting the claim that there's a bubble anywhere except in your brain. Rising prices in real estate or anything else occur simply to increase the supply of real estate. Then real estate prices stop rising. So what? Do you think that market works like commodity markets? It never has. You can't even find a chart showing any effect on GDP from declining house prices throughout all history.

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