PeakTrader.com

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PeakTrader said...

Given the many problems in the U.S., our competitors, e.g. the E.U., Japan, China, etc., have even greater problems.

Given the failed economic policies over the past two years, people seem to forget the U.S. had the greatest era of prosperity from 1982-07.

If we had a V-shaped recovery (or a heavy dose of Reaganomics), the economy wouldn't look so bleak, and the term "Great Recession" would no longer be used.

PeakTrader said...
According to Warren Buffett, the U.S. is still in recession:

"We're in a recession until real per capita GDP gets back to where it was before."

BEA
Table 7.1. Selected Per Capita Product and Income Series in Current and Chained Dollars

Real Per Capita GDP (2005 dollars)

2007 Q4 $44,080 (peak)

2009 Q2 $41,713 (trough)

2010 Q4 $42,971 (latest)

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PeakTrader said...

VangelV, Shadowstats is not evidence, it's ignorance.

The U.S. economy before the Information Revolution and after the Information Revolution (around 1982) aren't the same.

You can add things up one way, a simple way with a systematic bias, and end up pounding a square peg into a round hole to make it fit.

Or, you can add things up a hundred different ways using many reliable data sources and get roughly the same answer, where everything fits well together.

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PeakTrader said...

VangelV, we've gone over this many times before. In part:

The U.S. began to consume more than produce after 1980, through globalization, which is disinflationary.

Greater competition, (internationally and domestically) lower taxes, deregulation, etc. generated more output, which is disinflationary.

Productivity increased, which is disinflationry.

The Information Revolution diversified the economy, which is disinflationary.

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PeakTrader said...
VangelV, we've gone over this many times before. In part:

The U.S. began to consume more than produce after 1980, through globalization, which is disinflationary.

Greater competition, (internationally and domestically) lower taxes, deregulation, etc. generated more output, which is disinflationary.

Productivity increased, which is disinflationry.

The Information Revolution diversified the economy, which is disinflationary.

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