2nd Quarter GDP Numbers

[Richard]

The reason why the contraction wasn't that large was the stimulus. But the economy is still in deep sh**t.

Proof?

As reported: -1%
Adjustment to prior Q: -0.9%
Government spending prior Q: -1.29%
Government spending current Q: -3.29%

Total: -6.46%

Have fun Americans... you're f.u.c.k.e.d.  If you're not out of the market already, leave now.  And while you're leaving, consider shorting the market... put options are good.

[The Duke]

The reason why the contraction wasn't that large was the stimulus. But the economy is still in deep sh**t.

Proof?

It's rather obvious that spending money increases the GDP.

Congrats, you've managed to artificially and temporarily boost GDP by having the government print more money and then spend it!

Trouble is, that isn't a basis for a recovery that can improve ordinary people's lives.  You've mortgaged the future for a lousy -1% growth.

[opebo]

Congrats, you've managed to artificially and temporarily boost GDP by having the government print more money and then spend it!

Trouble is, that isn't a basis for a recovery that can improve ordinary people's lives.  You've mortgaged the future for a lousy -1% growth.

Wrong.  What do you mean 'artificially'?  Do you imagine that the societal activity known as 'the economy' is 'natural'?  No, it is entirely artificial. 

I know you believe there is some objective font of 'economy' out there, independent of the State, but there isn't.  The State/Private dichotomy is a false one designed to delude such as yourself, and it works very well apparently.