[gandalf]

FSD (and others), given your understanding of GDP calculations, what would speculation in commodities do to GDP numbers? In particular, what would the recent run-up in oil prices (part speculative / part other factors) do to overall GDP calculations? It would show up as growth, correct? Not ‘real’ growth in terms of increased industrial output, but growth as measured by dollar value transactions, correct? Are components such as oil and related industries corrected for price fluctuations?

Also, I believe it is typical for defense spending to increase just prior to national elections, restocking of supplies and awarding of contracts. I seem to remember from back in the Wall Street days these are somewhat timed to produce a bump for the quarter, with the result generally being about a percentage point GDP for the quarter impacted.

Any thoughts, insights, feedback?

[gandalf]

FSD (and others), given your understanding of GDP calculations, what would speculation in commodities do to GDP numbers? In particular, what would the recent run-up in oil prices (part speculative / part other factors) do to overall GDP calculations? It would show up as growth, correct? Not ‘real’ growth in terms of increased industrial output, but growth as measured by dollar value transactions, correct? Are components such as oil and related industries corrected for price fluctuations?

Also, I believe it is typical for defense spending to increase just prior to national elections, restocking of supplies and awarding of contracts. I seem to remember from back in the Wall Street days these are somewhat timed to produce a bump for the quarter, with the result generally being about a percentage point GDP for the quarter impacted.

Any thoughts, insights, feedback?

[gandalf]

FSD (and others), given your understanding of GDP calculations, what would speculation in commodities do to GDP numbers? In particular, what would the recent run-up in oil prices (part speculative / part other factors) do to overall GDP calculations? It would show up as growth, correct? Not ‘real’ growth in terms of increased industrial output, but growth as measured by dollar value transactions, correct? Are components such as oil and related industries corrected for price fluctuations?

Also, I believe it is typical for defense spending to increase just prior to national elections, restocking of supplies and awarding of contracts. I seem to remember from back in the Wall Street days these are somewhat timed to produce a bump for the quarter, with the result generally being about a percentage point GDP for the quarter impacted.

Any thoughts, insights, feedback?

[gandalf]

FSD (and others), given your understanding of GDP calculations, what would speculation in commodities do to GDP numbers? In particular, what would the recent run-up in oil prices (part speculative / part other factors) do to overall GDP calculations? It would show up as growth, correct? Not ‘real’ growth in terms of increased industrial output, but growth as measured by dollar value transactions, correct? Are components such as oil and related industries corrected for price fluctuations?

Also, I believe it is typical for defense spending to increase just prior to national elections, restocking of supplies and awarding of contracts. I seem to remember from back in the Wall Street days these are somewhat timed to produce a bump for the quarter, with the result generally being about a percentage point GDP for the quarter impacted.

Any thoughts, insights, feedback?

[gandalf]

FSD (and others), given your understanding of GDP calculations, what would speculation in commodities do to GDP numbers? In particular, what would the recent run-up in oil prices (part speculative / part other factors) do to overall GDP calculations? It would show up as growth, correct? Not ‘real’ growth in terms of increased industrial output, but growth as measured by dollar value transactions, correct? Are components such as oil and related industries corrected for price fluctuations?

Also, I believe it is typical for defense spending to increase just prior to national elections, restocking of supplies and awarding of contracts. I seem to remember from back in the Wall Street days these are somewhat timed to produce a bump for the quarter, with the result generally being about a percentage point GDP for the quarter impacted.

Any thoughts, insights, feedback?

[gandalf]

Great post, fsd. I did, and found it interesting.

Wonder how much is defense, O&G. Surprising that drops in banking, construction, real estate and finance haven’t had more of an impact. Disbelief would be a better term.

[gandalf]

Great post, fsd. I did, and found it interesting.

Wonder how much is defense, O&G. Surprising that drops in banking, construction, real estate and finance haven’t had more of an impact. Disbelief would be a better term.

[gandalf]

Great post, fsd. I did, and found it interesting.

Wonder how much is defense, O&G. Surprising that drops in banking, construction, real estate and finance haven’t had more of an impact. Disbelief would be a better term.

[gandalf]

Great post, fsd. I did, and found it interesting.

Wonder how much is defense, O&G. Surprising that drops in banking, construction, real estate and finance haven’t had more of an impact. Disbelief would be a better term.

[gandalf]

Great post, fsd. I did, and found it interesting.

Wonder how much is defense, O&G. Surprising that drops in banking, construction, real estate and finance haven’t had more of an impact. Disbelief would be a better term.

[gandalf]

Not so much luchabee.

There’s a larger issue here, which is that we need to get back to a point where there’s cooperation between parties and a civil tone. Opposing political parties were never the enemies of America, and vice versa. Ever since the awful Clintons (“The Liars”), amplified by the “Crazy Base” Bush fruits/freaks, the partisan fringe has pretty much taken over debate, divide and conquer for political gain.

These partisan bums who post here? They’re a case in point. Very little substantive criticism or discussion. Mostly dishonest lies, exaggerations, rumors, slander, innuendo, statements taken out of context, attacks by association, subtle racism in the case of Obama.

This isn’t by accident, it’s by design. It starts with focus-group-tested talking points that get propogated out with machine-like efficiency through ‘opinion leaders’, ‘message-men’ and media whores, picked up and passed on by partisans across the country in conversations, emails, blogs and airport bathroooms. It’s no coincidence we hear the same bullshit over and over again. It’s propoganda and it’s insidious.

Make a decision to get out of the gutter, to raise the bar. We have deadly serious business before our country, wars in the Middle East, a faltering economy, corruption and profiteering, a number of grave issues. Moving forward is going to require a better country than the past 20 years of Clinton-Bush boomer-generation erectile dysfunction.

[gandalf]

Not so much luchabee.

There’s a larger issue here, which is that we need to get back to a point where there’s cooperation between parties and a civil tone. Opposing political parties were never the enemies of America, and vice versa. Ever since the awful Clintons (“The Liars”), amplified by the “Crazy Base” Bush fruits/freaks, the partisan fringe has pretty much taken over debate, divide and conquer for political gain.

These partisan bums who post here? They’re a case in point. Very little substantive criticism or discussion. Mostly dishonest lies, exaggerations, rumors, slander, innuendo, statements taken out of context, attacks by association, subtle racism in the case of Obama.

This isn’t by accident, it’s by design. It starts with focus-group-tested talking points that get propogated out with machine-like efficiency through ‘opinion leaders’, ‘message-men’ and media whores, picked up and passed on by partisans across the country in conversations, emails, blogs and airport bathroooms. It’s no coincidence we hear the same bullshit over and over again. It’s propoganda and it’s insidious.

Make a decision to get out of the gutter, to raise the bar. We have deadly serious business before our country, wars in the Middle East, a faltering economy, corruption and profiteering, a number of grave issues. Moving forward is going to require a better country than the past 20 years of Clinton-Bush boomer-generation erectile dysfunction.

[gandalf]

Not so much luchabee.

There’s a larger issue here, which is that we need to get back to a point where there’s cooperation between parties and a civil tone. Opposing political parties were never the enemies of America, and vice versa. Ever since the awful Clintons (“The Liars”), amplified by the “Crazy Base” Bush fruits/freaks, the partisan fringe has pretty much taken over debate, divide and conquer for political gain.

These partisan bums who post here? They’re a case in point. Very little substantive criticism or discussion. Mostly dishonest lies, exaggerations, rumors, slander, innuendo, statements taken out of context, attacks by association, subtle racism in the case of Obama.

This isn’t by accident, it’s by design. It starts with focus-group-tested talking points that get propogated out with machine-like efficiency through ‘opinion leaders’, ‘message-men’ and media whores, picked up and passed on by partisans across the country in conversations, emails, blogs and airport bathroooms. It’s no coincidence we hear the same bullshit over and over again. It’s propoganda and it’s insidious.

Make a decision to get out of the gutter, to raise the bar. We have deadly serious business before our country, wars in the Middle East, a faltering economy, corruption and profiteering, a number of grave issues. Moving forward is going to require a better country than the past 20 years of Clinton-Bush boomer-generation erectile dysfunction.

[gandalf]

Not so much luchabee.

There’s a larger issue here, which is that we need to get back to a point where there’s cooperation between parties and a civil tone. Opposing political parties were never the enemies of America, and vice versa. Ever since the awful Clintons (“The Liars”), amplified by the “Crazy Base” Bush fruits/freaks, the partisan fringe has pretty much taken over debate, divide and conquer for political gain.

These partisan bums who post here? They’re a case in point. Very little substantive criticism or discussion. Mostly dishonest lies, exaggerations, rumors, slander, innuendo, statements taken out of context, attacks by association, subtle racism in the case of Obama.

This isn’t by accident, it’s by design. It starts with focus-group-tested talking points that get propogated out with machine-like efficiency through ‘opinion leaders’, ‘message-men’ and media whores, picked up and passed on by partisans across the country in conversations, emails, blogs and airport bathroooms. It’s no coincidence we hear the same bullshit over and over again. It’s propoganda and it’s insidious.

Make a decision to get out of the gutter, to raise the bar. We have deadly serious business before our country, wars in the Middle East, a faltering economy, corruption and profiteering, a number of grave issues. Moving forward is going to require a better country than the past 20 years of Clinton-Bush boomer-generation erectile dysfunction.

[gandalf]

Not so much luchabee.

There’s a larger issue here, which is that we need to get back to a point where there’s cooperation between parties and a civil tone. Opposing political parties were never the enemies of America, and vice versa. Ever since the awful Clintons (“The Liars”), amplified by the “Crazy Base” Bush fruits/freaks, the partisan fringe has pretty much taken over debate, divide and conquer for political gain.

These partisan bums who post here? They’re a case in point. Very little substantive criticism or discussion. Mostly dishonest lies, exaggerations, rumors, slander, innuendo, statements taken out of context, attacks by association, subtle racism in the case of Obama.

This isn’t by accident, it’s by design. It starts with focus-group-tested talking points that get propogated out with machine-like efficiency through ‘opinion leaders’, ‘message-men’ and media whores, picked up and passed on by partisans across the country in conversations, emails, blogs and airport bathroooms. It’s no coincidence we hear the same bullshit over and over again. It’s propoganda and it’s insidious.

Make a decision to get out of the gutter, to raise the bar. We have deadly serious business before our country, wars in the Middle East, a faltering economy, corruption and profiteering, a number of grave issues. Moving forward is going to require a better country than the past 20 years of Clinton-Bush boomer-generation erectile dysfunction.

[Author]

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