http://pragcap.com/3-reasons-for-a-slow-recovery Sun, 12 Feb 2012 06:49:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://pragcap.com/3-reasons-for-a-slow-recovery/comment-page-1#comment-9353 billw Thu, 26 Nov 2009 01:26:10 +0000 http://pragcap.com/?p=13312#comment-9353 Rosie is right on the money as usual. The only thing holding this rally up is our money being thrown away by the Fed.The facts that he states are available here, at Calculated Risk and Mish. Basic simple math says that on no. 1 we drop 3% on GDP. On no. 2 we drop another 3%, and on no. 3 we will drop 1%. We all know that GDP has to be lower than they are quoting. Both rail and trucking being down about 17% yoy just a coule of months ago. Everything going into GDP gets moved ( or a major chunk of it anyway) by one or the other. What they can't lie about is that sales tax receipts are down 8.2% yoy. That kind of gives you a close approximation as to where our actual GDP really is. We are going to walk right off the cliff again some time in the next six months. That will happen when the smarter ones decide to lock in their profits rather than stay with the herd and lose their a--. Once that little exodus starts it will be 2008 all over again. Only this time the government has already used up all of their ammmo, and we are going down for keeps ( meaning a long time). Rosie is right on the money as usual. The only thing holding this rally up is our money being thrown away by the Fed.The facts that he states are available here, at Calculated Risk and Mish. Basic simple math says that on no. 1 we drop 3% on GDP. On no. 2 we drop another 3%, and on no. 3 we will drop 1%. We all know that GDP has to be lower than they are quoting. Both rail and trucking being down about 17% yoy just a coule of months ago. Everything going into GDP gets moved ( or a major chunk of it anyway) by one or the other. What they can’t lie about is that sales tax receipts are down 8.2% yoy. That kind of gives you a close approximation as to where our actual GDP really is. We are going to walk right off the cliff again some time in the next six months. That will happen when the smarter ones decide to lock in their profits rather than stay with the herd and lose their a–. Once that little exodus starts it will be 2008 all over again. Only this time the government has already used up all of their ammmo, and we are going down for keeps ( meaning a long time).

]]>