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Message Subject Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan or Rubles
Poster Handle Saddletramp
Post Content
I'm predicting a negative 1.5% for 2Q '14 (after revisions of course). Consumer spending is still way way in the toilet.

If you don't believe that just look at Walmart's year over year revenues.

What happened to all of that tax refund spending spreed? It went to pay for gas, the mortgage, and groceries...
 Quoting: Saddletramp

There is a simple explanation, while GDP was positive year over year, Obamco was deficit spending about $1 trillion a year or about 6-8% of GDP.

Now, through their difficult reductions in spending (lol) they're down to $500 billion a year deficit spending, or roughly 3-4% GDP, meaning 3-4% less incremental boost to GDP through debt based spending.

Maths bro.

 Quoting: Anonymous Coward 56117320

Well the problem is they spent $250 Billion in 1Q '14 and got a negative return of $74 Billion out of that...law of diminishing returns becomes the law of negative returns...

Printing money in a chronically low interest rate environment will have a continually diminishing rate of return to GDP, until finally that return becomes negative, at which point...the game is up.

I would say ask any economist, but 1/2 of them have never examined fiat monetary policy all the way through it's inevitable end point. But I have...
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