Article

2012-01-27 Economy

2011 GDP: 1.7%

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Posted by DarthVader 2012-01-27 11:26|| || Front Page|| [2 views ] Top

#1 One could almost believe it if the government's CPI calculation wasn't complete Fantasyland.

Posted by Shimble Guelph5793 2012-01-27 11:42|| 2012-01-27 11:42|| Front Page Top

#2 You need 5.5% real GDP growth to pull out of a recession. 1.7% is anemic for the best of economies. It does not even cover population growth.

This is no recovery. This is a grind down.

Posted by newc 2012-01-27 12:08|| 2012-01-27 12:08|| Front Page Top

#3 The whole GDP measure is nonsense-on-a-stick.

Posted by Bright Pebbles 2012-01-27 12:32|| 2012-01-27 12:32|| Front Page Top

#4 newc

The rule of thumb used to be that 2% growth was needed to increase employment as fast as labor force growth. Given the aging of the population, most people think that about 1.6-1.9% would probably do it.

Of course as you imply, this recovery has been a weak one, weaker than any since the current method of sampling households and the current method of defining recessions were established.

Posted by Lord Garth 2012-01-27 13:22|| 2012-01-27 13:22|| Front Page Top

#5 Given the ongoing & severe devaluation of the dollar, giving a value to GDP growth or shrinkage is utter guesswork.
My little town is looking worse year by year, though.

Posted by Anguper Hupomosing9418 2012-01-27 14:29|| 2012-01-27 14:29|| Front Page Top

#6 The inevitable revision won't just be down. It might result in a negative number.

Posted by Iblis 2012-01-27 14:49|| 2012-01-27 14:49|| Front Page Top

#7 S&P 500 index is just about flat since 1/1/2000. Sure makes you wonder just how it is that certain people make so much money in the stock market.

Posted by Glenmore 2012-01-27 17:53|| 2012-01-27 17:53|| Front Page Top

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