America's Boom, Collapse And Epic Comeback

[Richard]

The Ultimate Visual Representation Of America's Boom, Collapse And Epic Comeback

Since collapsing with the housing bubble and the financial crisis, the U.S. economy has staged a dramatic comeback.

However, we are now seeing some signs of slowing again.

Over the past three months, 45 of the 50 states showed increasing activity, according to the Philly Fed's coincident index of employment, unemployment, manufacturing hours and wages.

Each month, the Philly Fed produces these awesome maps on which red shows economic decline while blue or green show gain.

The maps start in 2005 when the economy was booming.

http://www.businessinsider.com/visua...l-2012-12?op=1

[GratefulCitizen]

Originally Posted by Richard

The Ultimate Visual Representation Of America's Boom, Collapse And Epic Comeback

Since collapsing with the housing bubble and the financial crisis, the U.S. economy has staged a dramatic comeback.

However, we are now seeing some signs of slowing again.

Over the past three months, 45 of the 50 states showed increasing activity, according to the Philly Fed's coincident index of employment, unemployment, manufacturing hours and wages.

Each month, the Philly Fed produces these awesome maps on which red shows economic decline while blue or green show gain.

The maps start in 2005 when the economy was booming.

http://www.businessinsider.com/visua...l-2012-12?op=1

Employment and manufacturing hours...

Technology can have an adverse effect on employment.
Is fewer people producing more stuff really the sign of a bad economy?

There is an enduring myth that the United States does not manufacture anything anymore.
The truth is: fewer people are manufacturing more stuff.

http://mjperry.blogspot.com/2012/04/...uring.html?m=1

[PRB]

Yeah, all of that debt is superfluous....what's borrowing 43 cents on each dollar...hey, biggy size that for me.

[GratefulCitizen]

Originally Posted by PRB

Yeah, all of that debt is superfluous....what's borrowing 43 cents on each dollar...hey, biggy size that for me.

The government doesn't have a borrowing problem, it has a spending problem.
Debts, deficits, and taxes are just smoke and mirrors to hide the spending problem.

Scott Grannis has an interesting take on the subject.
http://scottgrannis.blogspot.com/201...tions.html?m=1

[Paslode]

Originally Posted by GratefulCitizen

The government doesn't have a borrowing problem, it has a spending problem.

That kind of sounds like a statement denial....I don't have a drinking problem, I just buy too much liquor. If I cut back on my visits to the liquor store I will no longer be a drunk and/or have a drinking problem.

If TPTB were to go through financial intervention class would it be recommended:

1. They quit borrowing and keep spending
2. Continue borrowing and quit spending
3. Quit borrowing and quit spending

[GratefulCitizen]

Originally Posted by Paslode

That kind of sounds like a statement denial....I don't have a drinking problem, I just buy too much liquor. If I cut back on my visits to the liquor store I will no longer be a drunk and/or have a drinking problem.

If TPTB were to go through financial intervention class would it be recommended:

1. They quit borrowing and keep spending
2. Continue borrowing and quit spending
3. Quit borrowing and quit spending

TPTB have TPTP (the power to print).
They do not play by the same rules as the rest of us.

"Money" is essentially nothing more than a transferable tax credit.
TPTB require that taxes be paid in their own currency.

Taxes are only necessary to insure that their currency retains value.
Spending (printing of money) need not be directly related to tax collection (destruction of money).

The government spends money less efficiently than the private sector.
Higher government spending, as a percentage of the economy, results in a less efficient economy.