Author Topic: United States: The Shrinking GDP; stratfor  (Read 1134 times)

Offline swanson

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United States: The Shrinking GDP; stratfor
« on: April 29, 2009, 01:54:04 PM »
Forget the swine flu.

Here's a real story!

swanson

www.stratfor.com

Quote
United States: The Shrinking GDP

STRATFOR TODAY ยป April 29, 2009 | 1525 GMT



The U.S. gross domestic product shrank by 6.1 percent at an annualized rate, according to data released by the Department of Commerce on April 29.

While there is no way to make this number seem positive, it is not as bad as it sounds. Of that 6.1 percent reduction, 2.8 percent of it is due to a drawdown in inventories. U.S. statistical methods count the building of retail and wholesale inventories as positive economic activity, and their reductions as a loss.


***Edited by Morning Sunshine, in accordance with DMCA rules and regulations.
« Last Edit: September 08, 2010, 09:33:19 PM by Morning Sunshine »

Offline chris

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Re: United States: The Shrinking GDP; stratfor
« Reply #1 on: April 29, 2009, 07:55:46 PM »
That's one way to spin the decreasing inventories.  :D

kolarshooter

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Re: United States: The Shrinking GDP; stratfor
« Reply #2 on: May 24, 2009, 08:29:51 AM »
Our economy is no longer fuelled by productive capacity.  Oppressive taxes, irrational environmental concerns, unions, workman's comp, uncertainty of regulatory environment (especially with President Obama's administration), have all added up to yield an atmosphere which is discourages investment in factories and plants.  We are now suffering the inescapable - and totally predictable - effects of a quarter century of chasing productive capacity to foreign shores.  In 1980 we were the world's biggest creditor nation...today, we are the world's biggest borrower - owing more than all the other countries combined.

Our experiment with fiscal/monetary "Ponzi-ism" has proven itself to be a hopeless failure.


Offline Jimbo

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Re: United States: The Shrinking GDP; stratfor
« Reply #3 on: May 26, 2009, 08:22:10 AM »
 Spot on kolarshooter... I think our only hope would be to pack the politiclowns, Congressional, Senatorial, and Presidential, off to the Mises Institute for a few semesters of Austrian Economics.  :(