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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (101137)2/11/2009 2:09:49 PM
From: NOW1 Recommendation  Respond to of 110194
 
precisely. gdp is a hyped measure of little value for what we should really be interested in,



To: Skeeter Bug who wrote (101137)2/11/2009 2:39:23 PM
From: Joe S Pack1 Recommendation  Read Replies (2) | Respond to of 110194
 
Yeap,
Thanks to Clinton's statistical manipulation in terms of hedonics and other machinations, actual GDP was about 1/3 less than what the liars blabber in MSM and BLS.
-J6P


>>1) As I wrote, the size of Federal government spending decreased as a percent of GDP during the '90s. That is a fact.<<

it is also a *fact* that GDP was faked to make it look higher than it really was. they fabricated dollars and tossed them into GDP. look into hedonic pricing and chain weighted dollars.

they also created one hell of a credit bubble to overly inflate the economy. remember the "new economy?" pretty much the same as the old economy when it comes to bubbles a poppin', no?

this bubble started with clinton.

glass-steagall was torn down by clinton. that was the genesis of casino capitalism.

>>2) As I wrote, the deficit decreased from Q1 1993 until Q1 2001. That is a fact.<<

that's a nice fact, but the credit bubble that allowed you to type that fact is currently taking down the world's economies. that's a high price to pay to post some worthless *fact*.

yes, bush was worse. but clinton was knee deep, too.