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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (82892)	8/2/2007 3:21:49 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

hey Lazarus, you miss the point again so I am going to answer you and put you back on ignore. You can reply but I won't see it. Here is a brief synopsis of the issue. In the 90s we had 4% GDP and ... - job creation 350K/MONTH - Surpluses up the ying yang at federal state and local level - stock market and asset boom This decade we have 3.8% GDP according to the fed and.... - job creation lower than the 80s, based on new jobs created, lower than population growth for an entire decade - largest deficits EVER for a long period - stock market flat for a decade (unheard of since the 70s) Since GDP is the main indicator of activity in the US economy either it was wrong in the 90s or it is wrong now. I don't care which it is. the fact that there are agreed upon measurements for GDP has nothing to do with this. The agreed upon measurements are WRONG. There needs to be some economic indicator that explains this discrepancy. I posted a link to businessweek stating clearly that GDP today is overstated due to offshoring which is being counted as if it is production occuring here when it is only managed here. That is my view of the discrepancy but if thats not it, who cares. Just find accurate economic figures is all I am asking for. If BW is right, we have stagflation and not a boom. When the Bush admin whines that they are "not getting credit" for this booming economy theres a hint. The secret sauce is that we don't have a booming economy. We have stagflation masquerading as a booming economy.