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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (70164)6/7/2006 1:00:17 PM
From: Jim Willie CB  Respond to of 362948
 
USFed is stuck in grand dilemma

they cannot hike any more, will kill housing

they cannot stay put either, will discourage USTBond holders

trouble is .....
US ECONOMY HAS BEEN IN RECESSION OR STALL FOR THREE YEARS

ONE MUST SUBTRACT 5% FROM GDP STATISTIC TO ENTER REALITY

take the 5.2% GDP growth in 1Q2006
it is really zero growth
all 2004 and 2005 3.x% and 4.x% GDP growth is bullshiitte
subtract 5% to see minus 1% to minus 2% GDP, a recession

GDP IMPROPERLY ADJUSTS PRICE INFLATION, CALLING IT GROWTH

3% fudge from CPI being too low
1% fudge from GDP Deflator below the CPI
1% fudge from infotech hedonics on processing speeed
all pure horse shiitte

the USFed is hiking rates amidst recession and stall
the above fudge factors require high school math to comprehend
that might be above the heads of 80% of US public though
/ jim