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Strategies & Market Trends : US Inflation and What To Do About It
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To: RetiredNow who wrote (801)7/31/2018 2:36:27 AM
From: John Vosilla  Read Replies (1) of 1504
 
In many ways this country to me barely resembles how it was just a decade ago.. So many more low class trashy people, poor morals, no ethics, playing the victim card or overly materialistic and self absorbed by material things if successful financially .. Most everyone has now forgotten how close we were to a real depression and that includes the now large expanding group of the hardworking paycheck to paycheck crowd that I respect the most but unfortunately with no savings or equity to fall back on.

Been analyzing this spreadsheet of GDP and revenues and expenditures since 1930. Quite fascinating shows how screwed we are.. Trump basically trying to recreate Reaganomics after everything has already been overinflated via fed intervention most of this century is our last hope get that labor participation rate much higher or we slowly morph into Greece/Italy/Venezuela/Argentina or our territory of Puerto Rico.. Best of times that worked best for all were Eisenhower and Clinton when revenues and expenditures were in the 18-19% range most years and nominal GDP grew around 5.5% with balanced budgets.. Nominal GDP has grown 5% while debt quadrupled under GWB and Obama if you take out the 2008 year the only time since the great depression nominal GDP declined year over year. Under Carter, Reagan, Nixon, LBJ nominal GDP was in the 7,5%+ range with deficits being run much of the time. So the trend of more and more debt with less and less growth a scary thought will end very badly..

presidency.ucsb.edu
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