Friday, July 29, 2011

Pathetic

1.4% RGDP and last quarter revised down to .4%.

You Keynesian morons.

8 comments:

Nick said...

This is the recovery we paid for?

Anonymous said...

The problem is that not enough money was spent on the Stimulus. Paul Krugman already explained this in detail.

Ryan Fuller said...

Whoops! Looks like growth was a third of what they thought it was. Give me a dart board and I'll do better. I'm not sure how much increasing food prices accounted for in GDP growth, but it might be enough to negate those gains entirely. Growth of 0.4% isn't exactly a huge hurdle to clear.

So Captain, where are you putting your investments to hide from the dollar's decline? Is there a Rumpleminz and motorcycles fund I don't know about?

Maybe I should just invest in hot dogs and off-brand toilet paper. Call it an inferior goods "We are so screwed" position.

Anonymous said...

Real Estate - it is cheap right now and traded in Dollars which will soon be obsolete the way they are printing it!
Normally I would say Gold, but that ship sailed long ago and gold is too expensive now...

Anonymous said...

Anonymous, you think gold is too expensive now, our dollars aren't able to buy enough, just you wait...
As the Cap'n keeps saying, "Enjoy the decline!"
Bill K.

CBMTTek said...

"The problem is that not enough money was spent on the Stimulus. Paul Krugman already explained this in detail.

Man, I hope that was sarcasm.

Ryan Fuller said...

CBMTTek - Nope. Krugman actually believes this. Like every Keynesian when a stimulus package didn't work, he assumes it wasn't big enough. Never mind that we've gone through the biggest stimulus package in history and got nothing to show for it.

kurt9 said...

What we are experiencing is what Japan did during the 90's. They had a bubble that popped in '91, resulting in a decade long stagnation. The Japanese even tried the same kind of Keynesian stimulus during the 90's that we are doing now. It had no effect on the economy. All it did was to increase their government debt from 40% of GPD in 1991 to 180% today. If you want to know what the U.S. will be like for the next ten years, look at Japan during the 90's.