Recession Imminent - page 8. | Bitcointalksearch.org

cypherdoc

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Quote from: hugolp on July 29, 2011, 12:29:47 PM

cypherdoc I know what you mean, but the USA and half of the world is already in a depression. We never got out. GDP is a horrible measure for growth. GDP only measures economic activity, not growth. It does not say anything about the productivity or sustainability of said economic activity. Also, the GDP we all use is a government statistic, so it should be taken with caution.

i know hugolp. you're perfectly right. but the whole world does look at GDP despite its inherent drawbacks. what was printed today is psychologically devastating and will have an effect. its the rate of change that matters...

not to mention all the revisions to the downside.

hugolp

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Radix-The Decentralized Finance Protocol

cypherdoc I know what you mean, but the USA and half of the world is already in a depression. We never got out. GDP is a horrible measure for growth. GDP only measures economic activity, not growth. It does not say anything about the productivity or sustainability of said economic activity. Also, the GDP we all use is a government statistic, so it should be taken with caution.

cypherdoc

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Quote from: Piper67 on July 29, 2011, 12:02:38 PM

Quote from: cypherdoc on July 29, 2011, 11:32:28 AM

todays GDP with its past revisions were appallingly bad. it's amazing our gov't and banking institutions get away with these manipulations.

neither of the QE's worked for the real economy except to line the pockets of the financial elite via bailouts who widened their wealth disparity from the common American by a significant amount.

when will it end?

Dude, there's a LOT of room at the bottom... as long as the change is gradual, you'd be shocked at what the people will be willing to put up with, and for how long.

i've already been shocked. but things are changing faster than you think.

Piper67

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Quote from: cypherdoc on July 29, 2011, 11:32:28 AM

todays GDP with its past revisions were appallingly bad. it's amazing our gov't and banking institutions get away with these manipulations.

neither of the QE's worked for the real economy except to line the pockets of the financial elite via bailouts who widened their wealth disparity from the common American by a significant amount.

when will it end?

Dude, there's a LOT of room at the bottom... as long as the change is gradual, you'd be shocked at what the people will be willing to put up with, and for how long.

cypherdoc

legendary

Activity: 1764

Merit: 1002

todays GDP with its past revisions were appallingly bad. it's amazing our gov't and banking institutions get away with these manipulations.

neither of the QE's worked for the real economy except to line the pockets of the financial elite via bailouts who widened their wealth disparity from the common American by a significant amount.

when will it end?

Topic: Recession Imminent - page 8. (Read 11410 times)