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peterb.
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September 24, 2009 at 7:48 AM #460958September 24, 2009 at 8:55 AM #461193
Rich Toscano
KeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
September 24, 2009 at 8:55 AM #461809Rich Toscano
KeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
September 24, 2009 at 8:55 AM #461532Rich Toscano
KeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
September 24, 2009 at 8:55 AM #460998Rich Toscano
KeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
September 24, 2009 at 8:55 AM #461605Rich Toscano
KeymasterActually sdduuuude I think that Mish’s chart is completely compatible with the arguments made in my two articles you linked to. His is a chart of REAL GDP, adjusted for changes to the purchasing power of the currency. I am on board with the idea that our real GDP growth over the next decade or whatever will be weak. Nominal GDP in comparison with Japan is a different story due to our vastly different monetary policy and the fact that our debt is not financed internally as it is in Japan.
Rich
September 25, 2009 at 7:52 AM #461999sdduuuude
ParticipantJust so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.
September 25, 2009 at 7:52 AM #461381sdduuuude
ParticipantJust so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.
September 25, 2009 at 7:52 AM #461795sdduuuude
ParticipantJust so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.
September 25, 2009 at 7:52 AM #461187sdduuuude
ParticipantJust so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.
September 25, 2009 at 7:52 AM #461722sdduuuude
ParticipantJust so I understand, you are saying if inflation is 10% and nominal GDP is 5%, that is a real GDP of -5%? If not, please help w/ real GDP definition. Thanks.
September 25, 2009 at 7:53 AM #461727Arraya
Participanthttp://www.telegraph.co.uk/finance/financetopics/recession/6190818/US-credit-shrinks-at-Great-Depression-rate-prompting-fears-of-double-dip-recession.html
Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.September 25, 2009 at 7:53 AM #462004Arraya
Participanthttp://www.telegraph.co.uk/finance/financetopics/recession/6190818/US-credit-shrinks-at-Great-Depression-rate-prompting-fears-of-double-dip-recession.html
Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.September 25, 2009 at 7:53 AM #461800Arraya
Participanthttp://www.telegraph.co.uk/finance/financetopics/recession/6190818/US-credit-shrinks-at-Great-Depression-rate-prompting-fears-of-double-dip-recession.html
Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.September 25, 2009 at 7:53 AM #461192Arraya
Participanthttp://www.telegraph.co.uk/finance/financetopics/recession/6190818/US-credit-shrinks-at-Great-Depression-rate-prompting-fears-of-double-dip-recession.html
Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation. -
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