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The Two Most Important Numbers Of The First Quarter
Now that the Atlanta Fed has determined that the US economy did not grow in the first quarter of the year - because, well, it snowed - even though said snow did not prevent the US from raking up $100 billion in public debt through March 30 (and likely much more, however since the US has again hit its debt ceiling we won't know the real level of US debt until some time in October), we can formally summarize the two most important changes in the US economy in the first three months of the year.
Here they are.
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a is for awwwwsum
https://www.youtube.com/watch?v=StTqXEQ2l-Y
shut up, A is a number, my common core edication tells me so
deleted
neither are the hookers and blow
it snowed? er, was i looking at the same photos of california as them?
1 (bln) more and the 1st Q score would literally read GDP Growth = 0, Debt Growth (to be revised much higher) = 100 (bln).
What can I say? I like even numbers.
Well, in some instances A really is a number. 0123456789ABCDEF
Hexidecimal
You can bet your best panties that most kids in public schools do not learn that.
lmfao-- "it snowed"
"Life leaves clues"
don't do it
http://farm3.static.flickr.com/2704/4251444662_6227fe7e41.jpg
Moar! Stocks need it, Warren Buffet needs it, the corporatocracy must have the spice!
Nevermind those kids and families and real people, this is the New Rome!
If we are the new Rome, I hope Emperor Obozo does just one thing I can really support.......appoint a horse to the US Senate.
He did one better. He appointed a horse to be his foreign minister (Secretary of State).
Did you forget that he served in Vietnam
They should have this put up on the new Ted Kennedy monument in Massachusetts! This is the legacy of the baby boomers and their offspring! I know, I used to live in that horrible state and you cannot talk to those people. Logic, reason and evidence do not exist to those people.
It's all by design. The fed. wants the deficite to widen back out again so they can print MOAR and hide it in their runaway debt.
Has the US dollar appreciated in advance of the GREAT RESET???????
you voted for Obama and all I got was this bill?
The two most important numbers?
ATE ~ ZERO
I don’t think you could find a more apt thumbnail of an economy built on wishful thinking: zero growth and $99 billion growth of public debt.
We could add ammo to this by examining financial reports issued by the federal government.
It publishes ‘Financial Reports of the United States Government’ (frusg, or Report, hereafter) on an annual basis, as of September 30 of each year. The latest available is the one for 2013 (for purposes of this examination). It, like several before it, declares that “current government policies are unsustainable”; such a gentle conclusion. It arrives at such with language and concepts designed to mislead any reader, from the casual reader to, it seems, the most experienced financial analysts.
There is much confusion to unravel: ‘What is a “present value” dollar… a “primary deficit (surplus, gap)”? The frusg makes use of the Gross Domestic Product (GDP); which supposedly measures gross production of the nation for a year; and is comprised of ten components. At least two of those components represent a decrease of production, and are added to the level of production. Government accountants make financial projections over the next 75 years; ‘Are they realistic… or pure nonsense?’
As we make sense of the Report, we come up against the question, ‘Are all these confusions part of some kind of training exercise for a planned major shock to the financial system… on a global scale?’ (Please read more)
But according to our prezident everything is flipping great!
That was the redacted quote. The original was "All those college graduates are flipping great burgers."
Oh rats! I thot I covered everything.
Wonderful! $99 Billion moar debt, 0% GDP increase.
That's only federal government debt.
https://www.frbatlanta.org/
June to September liftoff or bust...
http://www.cnbc.com/id/102546255
But on the other hand,here's what might happen...
http://www.silverdoctors.com/alasdair-macleod-central-banks-are-paralysed/
"it snowed"
Happens, we've heard. Not in the Sierras though, where it really counts for California. Funny how water will always be available to golf courses. At the end of the day it's the fire season you gotta look out for. That and the kids on the front lines defending your backyard. Lest we forget..
Obviously that $99B of spending was the only thing that barely kept us out of recession. Therefore, next quarter we need to deficit spend at least $200B. /Krugman
APRIL IS THE BEST MONTH FOR GBPUSD AND AUDUSD (seasonal effect)
http://fxuniverze.com/april-best-month-gbpusd-audusd-14/
APRIL IS THE BEST MONTH FOR GBPUSD AND AUDUSD (seasonal effect)
http://fxuniverze.com/april-best-month-gbpusd-audusd-14/
Welcome to SoeteroLand!! Home of the WHOPPER
99 Billion dollars of debt on the wall, 99 Billion dollars ... Take 1 Billion down, and spend it around ... 98 Billion dollars on the wall etc. etc.
Yes, we need a reset.
But more importantly we need some new management for this world. The old management is evil and corrupt.
I find that the New Math apparently has nothing at all in common with the old math or any math at all.
I also find that the cost of 18+ Trillion dollars in debt is much less when you can keep the interest rate on that debt at under 2%.
My basic math and comprehension skills show that we paid almost 400 BILLION dollars in Interest last year, while taking in about 3200 BIllion (3.2 Trillion) in taxes and spending 3800 Billion (For another 600 Billion added to that debt)
So, if we were paying "normal, average" interest (6%), we would have paid almost 1200 Billion dollars.
If we paid best rates for CC holders, we would have paid around 2400 Billion dollars
And if we paid 18% interest on our debt (like the majority of CC holding Americans), the interest would have eaten up every tax dollar.
Good thing we control the interest rates.