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Thread: U.S. GDP Grows Just 1.3%

  1. #321
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by OpportunityCost View Post
    Thats not entirely true.

    Historical Inflation Rates: 1914-2011, Annual and Monthly Tables - US Inflation Calculator

    According to that we are in the highest inflation rate since about 1990; its also trending upwards, thats a bad sign. Hard to say if its going to continue or not.
    Uh, yeah, unless you count 2008 and a whole bunch of other years between this year and 1990!

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Uh, yeah, unless you count 2008 and a whole bunch of other years between this year and 1990!
    I think he's counting the June 2011 CPI and comparing it to all the previous yearly averages, which is kind of an apples-to-oranges comparison.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
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  3. #323
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    Re: U.S. GDP Grows Just 1.3%

    Nah I missed some data. Been a long week. Part of the inflation indicators were a false flag--housing costs. They skyrocketed about that time but yeah I missed some data. My bad.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Lasher View Post
    Wouldn't demand for it go down then?
    Why would demand for dollars fall if our trading partners want us to buy more of their goods than we sell to them(a positive current account with the U.S.)?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by OpportunityCost View Post
    Thats not entirely true.

    Historical Inflation Rates: 1914-2011, Annual and Monthly Tables - US Inflation Calculator

    According to that we are in the highest inflation rate since about 1990; its also trending upwards, thats a bad sign. Hard to say if its going to continue or not.
    No, you are misreading the table. Global demand for cheap commodities in the emerging world is outpacing North America, Western Europe, and Japan. The mantra behind productivity (which naturally forces prices downward) gains is doing more with less; it is what separates us from them.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by StillBallin75 View Post
    Are you reading the same data I'm reading? CPI was at 3.6% for both May and June 2011. It was much higher just 3 years ago at the peak of the financial crisis, according to that data. If you go further back, 2005 had some months where CPI hovered around 4%, and there were some moderately high inflation rates during the recession of 2001. With all due respect, am I missing something here and just reading the chart wrong?
    He believes he is making a point because a few particular months in 2011 and assuming them to hold constant (or greater) for the remainder of the year.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    I'm still holding out hope that you might come up with something clever to say.
    That would be overkill for your case.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by American View Post
    That would be overkill for your case.
    It would be a freakin' miracle, is what it would be.

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