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3.3% economic growth last quarter (pg. 3)
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| jerZ07002 |
| quote: | Originally posted by Krypton
Well then, we can't really trust it now can we? Fuel and food are the most important commodities people buy, and to simply just omit it is stupidly wrong. |
i take back what i said before - i was wrong. core inflation omits items with volatile prices because the volatility can cause a divergence from the real number.
Headline inflation captures food and fuel price increases. |
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| LazFX |
| quote: | Originally posted by Krypton
Well then, we can't really trust it now can we? Fuel and food are the most important commodities people buy, and to simply just omit it is stupidly wrong. |
more and more ....
I find myself agreeing with you....
especially when it comes to my money :) |
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| LatinLover |
| To me the economy is good. I dont know why many people bitch about it. Every day there are more and more millionaires. |
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| LazFX |
| quote: | Originally posted by LatinLover
To me the economy is good. I dont know why many people bitch about it. Every day there are more and more millionaires. |
:rolleyes: |
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| jerZ07002 |
| quote: | Originally posted by LatinLover
To me the economy is good. I dont know why many people bitch about it. Every day there are more and more millionaires. |
that's not really the best (or even a good) measure of overall economic health. |
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| The17sss |
| quote: | Originally posted by LatinLover
To me the economy is good. I dont know why many people bitch about it. Every day there are more and more millionaires. |
Interestsing comment. It made me think... do I know anyone who has lost their home? Anyone who had to trade in their car for a rice burner? Do I know anyone who is in a dire situation compared to a year ago... 2 years ago... 5 years ago? Do I even have a friend of a friend who's life is spirling down in this economy? I can't even think of an example, and I know people in all different types of tax brackets. Only thing people seem to really be feeling is the gas and food. People don't seem to be eating less, but I do know some people who have eased up on driving, but not to the point where they are prisoners in their homes. I think a lot of it is media driven panic that isn't a true representation of how things are. I know a lot of people who are pumped about buying their first home because the market is in their favor that way. And still I hear people say all the time ", with this economy, you know... things are brutal right now," but I just can't find actual people with first hand depressing examples. |
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| atbell |
| quote: | Originally posted by LatinLover
To me the economy is good. I dont know why many people bitch about it. Every day there are more and more millionaires. |
Yes that's great. Big numbers are good.
Check out "Idiocracy" they love the billions in that movie.
If prices go up, wealth means less and less. A millionair is not quite as rich as they used to be 20 years ago. A billionair, now that's someone with money. |
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| Krypton |
| quote: | Originally posted by The17sss
Interestsing comment. It made me think... do I know anyone who has lost their home? Anyone who had to trade in their car for a rice burner? Do I know anyone who is in a dire situation compared to a year ago... 2 years ago... 5 years ago? Do I even have a friend of a friend who's life is spirling down in this economy? I can't even think of an example, and I know people in all different types of tax brackets. Only thing people seem to really be feeling is the gas and food. People don't seem to be eating less, but I do know some people who have eased up on driving, but not to the point where they are prisoners in their homes. I think a lot of it is media driven panic that isn't a true representation of how things are. I know a lot of people who are pumped about buying their first home because the market is in their favor that way. And still I hear people say all the time ", with this economy, you know... things are brutal right now," but I just can't find actual people with first hand depressing examples. |
My GOD! Have you seen the price of cereal at the grocery store!! OBVIOUSLY NOT!!:disbelief I love my cereal, but it is more expensive.
Stocks are in a bear market. That's indicative enough for me the way the economy is going. I don't pay much attention to all these GDP figures and inflation numbers, blah, blah, blah. If the market is down, the economy is down, simple. Bear markets don't spring up for no good reason. |
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| atbell |
| quote: | Originally posted by The17sss
Interestsing comment. It made me think... do I know anyone who has lost their home? Anyone who had to trade in their car for a rice burner? Do I know anyone who is in a dire situation compared to a year ago... 2 years ago... 5 years ago? Do I even have a friend of a friend who's life is spirling down in this economy? I can't even think of an example, and I know people in all different types of tax brackets. Only thing people seem to really be feeling is the gas and food. People don't seem to be eating less, but I do know some people who have eased up on driving, but not to the point where they are prisoners in their homes. I think a lot of it is media driven panic that isn't a true representation of how things are. I know a lot of people who are pumped about buying their first home because the market is in their favor that way. And still I hear people say all the time ", with this economy, you know... things are brutal right now," but I just can't find actual people with first hand depressing examples. |
How many people want thier hardships known?
The media has an impact but it can't be that big.
There's also the fact that you have access to the internet and I'm guessing so do most people you know. It's the class of people who don't know how to do the internet thing who are probably getting it the worst (yeah, speculation). |
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| atbell |
| quote: | Originally posted by MisterOpus1
Funny you asked - I was just researching his stuff earlier yesterday. Here's his curriculum vitae:
http://www.economics.ku.edu/VITA%27...ty/elhodiri.pdf
I don't know what paper he's specifically referring to here. His next appt. is on Wednesday, so I'll ask him more about it if I have time then. |
Seems like he's an interesting guy. I look forward to hearing what he's up to these days. |
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| jerZ07002 |
| quote: | Originally posted by Krypton
If the market is down, the economy is down, simple. Bear markets don't spring up for no good reason. |
it's actually not that simple. The markets don't fully incorporate the contributions of non-public companies, governments, and many foreign businesses.
as evidence to the contrary of your contention, the Sensex (indian index) is down almost 6000 for the year (about 30%) and india still has about 8% gdp growth. |
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| Krypton |
| quote: | Originally posted by jerZ07002
as evidence to the contrary of your contention, the Sensex (indian index) is down almost 6000 for the year (about 30%) and india still has about 8% gdp growth. |
Exactly my point, which is why I don't pay much attention to GDP figures. The published GDP can show growth, but the economy can show something completely different. I view the stock market as the ultimate barometer of economic strength and health, hands down. The market is the best way to gauge the health of an economy, not some centralized formula everyone thinks is important. The stock market DOES take into account government, geo-political situations, job growth, energy consumption, consumerism, all into account. |
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