October Surprise: U.S. Economy Booms

originally posted by: Ringsofsaturn777
Im not saying a few quarters of explosive, record breaking growth is the "end all and be all" whatever the heck you even mean by that (i doubt you even know).

Awwww, did somebody put your cheeseburger up a flight of stairs?

Pikachu sad face....

originally posted by: peck420
Awwww, did somebody put your cheeseburger up a flight of stairs?

Pikachu sad face....

Yeah thats what I thought.

originally posted by: AugustusMasonicus

Statistics without context are meaningless.

True to an extent.

In the context of the the worlds economy having been ostly shut down for months on end etc. etc. the data is even more impressive.

Wow! That isn't even closer to the previous record.

I personally pledge to never go back to a 0crat run socialocracy.

a reply to: peck420

No one has even come close to Trump on the economy. No democrat could do anything but harm it at this point. Their policies and general wrong-headedness just aren't compatible with economic success.

GDP is a measure of economic activity. Comparing periods where there has been a deliberate move to curb much of that activity doesn't really tell you that much about the true state of the economy.

This applies both to the reduction in Q2 and the increase in Q3.

originally posted by: ScepticScot
GDP is a measure of economic activity. Comparing periods where there has been a deliberate move to curb much of that activity doesn't really tell you that much about the true state of the economy.

This applies both to the reduction in Q2 and the increase in Q3.

Incorrect.

It tells us that even after one of the most catastrophic disruptions of the worlds economy in history, our economy is recovering from it very rapidly just as Trump predicted. It easily could have taken YEARS for the economy to recover to where it already has.l, if things had been handled differently.

originally posted by: Ringsofsaturn777

originally posted by: ScepticScot
GDP is a measure of economic activity. Comparing periods where there has been a deliberate move to curb much of that activity doesn't really tell you that much about the true state of the economy.

This applies both to the reduction in Q2 and the increase in Q3.

Incorrect.

It tells us that even after one of the most catastrophic disruptions of the worlds economy in history, our economy is recovering from it very rapidly just as Trump predicted, faster than even the most optimistic forecasts.

That’s very upsetting to some people

originally posted by: Ringsofsaturn777

originally posted by: ScepticScot
GDP is a measure of economic activity. Comparing periods where there has been a deliberate move to curb much of that activity doesn't really tell you that much about the true state of the economy.

This applies both to the reduction in Q2 and the increase in Q3.

Incorrect.

It tells us that even after one of the most catastrophic disruptions of the worlds economy in history, our economy is recovering from it very rapidly just as Trump predicted. It easily could have taken YEARS for the economy to recover to where it already has.l, if things had been handled differently.

Unfortunately it doesn't show that at all.

Deliberate restrictions on economic activity are removed the GDP will increase.

Neither the decreae in GDP in Q2 or the increase in Q3 tell you that much about the actual economy in current circumstances.

originally posted by: Ringsofsaturn777
Please go take some economics courses you dont have a clue.

Comical coming from a person who thinks the DOW components are a good economic barometer and reflective of the broader market.

originally posted by: musicismagic
One has to look at the travel industry and the tourist industry to see any rebound in the true economic situation of its country.

Then things are not good at all, hospitality is in the toilet.

originally posted by: Ringsofsaturn777
In the context of the the worlds economy having been ostly shut down for months on end etc. etc. the data is even more impressive.

You find it impressive that bailout money is propping up the economy? Maybe you should take your own advice on some higher education.

originally posted by: AugustusMasonicus
Comical coming from a person who thinks the DOW components are a good economic barometer and reflective of the broader market.

I dont and ive never claimed anything like that, stop making things up.

originally posted by: JinMI
Does anyone think anymore?

No, it's all political cheering and ass-suckery. If you see something you like attribute to your team, just make sure you ignore reality in the process since it's not going to always line up with your partisan hack thought process.

originally posted by: Ringsofsaturn777
I dont and ive never claimed anything like that, stop making things up.

The Original Post is using GDP and the DOW as an indicator of a improving economy, you support the Original Post, ergo you support those indicators.

The even more ridiculous part is that you think those numbers are genuine and reflective of a free market after trillions were pumped in to prop it up.

originally posted by: AugustusMasonicus
You find it impressive that bailout money is propping up the economy? Maybe you should take your own advice on some higher education.

I have graduate level education in philosophy, economics and finance.

The stimulus was necessary to prevent far deeper and more permenant damage to the economy.

It was also a necessary humanatarian step. Shutting the economy completely down and making it impossoble for ppl to support themselves (w/o helping those ppl survive the crisis via stimulus, enhanced unemployment etc.) would pretty much constitute a mass scale human rights violation.

originally posted by: AugustusMasonicus

The Original Post is using GDP and the DOW as an indicator of a improving economy, you support the Original Post, ergo you support those indicators.

I dont think the DOW by itself is a good barometer of the economy. Now that you know that, please stop claiming that I do.. its a lie.

originally posted by: Ringsofsaturn777
I have graduate level education in philosophy, economics and finance.

That's nice, then it's even more inexplicable that you think these numbers are a genuine barometer of the economy after trillions of created debt was pumped into the same.

originally posted by: Ringsofsaturn777
I dont think the DOW by itself is a good barometer of the economy. Now that you know that, please stop claiming that I do.. its a lie.

Now that you've discounted half the statistics in the Original Post I guess that only part you agree with is GDP which is just as poor a number to gauge the economy after it's been artificially propped up.

originally posted by: AugustusMasonicus

That's nice, then it's even more inexplicable that you think these numbers are a genuine barometer of the economy after trillions of created debt was pumped into the same.

Youre right that without any stimulus, enhanced unemployment etc. etc. that the economy would not be recovering as quickly (or at all), and that the human suffering would be FAR worse and last FAR longer.

None of that means the GDP number is wrong or irrelevent.. it means the measures taken were pretty effective.