ernestTee's 2016 Economic Briefer ...

A government big enough to give you everything you want is a government big enough to take from you everything you have.
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ernestTee
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ernestTee's 2016 Economic Briefer ...

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... and as the Titanic sinks slowly into the night the Captain Proudly announces -

..."Don't Worry Folks, The Flooding Is only Below Deck" ...
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ernestTee
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Re: ernestTee's 2016 Economic Briefer ...

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... Yes it's once again time to get this Forum movin' again, and there's No better Topic to start with than that of our Beloved Thriving Economy ...

... which is Now Ab-so-lute-ly in da Toilet ...


... to get an accurate gauge as to what's goin' on out there, we first need to acquaint ourselves with our GDP numbers, by the year ...

http://www.multpl.com/us-real-gdp-growt ... le/by-year


... as we can see within the above linked table, our GDP, or Economic Growth should be at @ 4% by year within a Healthy Strong economy ... as for current numbers, we can see our post 2000 growth as a bit sub-par, with GDP beginning to tank in 2006 entering the Housing bust ... and from there it's all been downhill since ...

... using typical growth numbers from Strong years we can see that we've really had no growth during this alleged "recovery" other than year 2010 ... from there we again begin tanking ...

... note the significant drop in growth beginning 2011, prior to the implementation of obamacare fines ... obamacare fines and healthcare premium increases are now considered as growth numbers, and note the 2.45% gdp growth for 2013 ... almost double that of year 2012 ... them fines sure help padding those spreadsheets how 'bout it ...

... despite the weak gains however we again start to drop for 2015, parallel with the drop in Retail Sales and Domestic Manufacturing ...




... and finally we can see a significant gain during our 1st quarter of 2016 ... but wait, there's a caveat here -

http://www.zerohedge.com/news/2016-07-2 ... revised-08

... first n' foremost our 1st qtr was revised DOWN to .5% ... that's 1/2 of one percent, then it was revised to 1.1% ... now as we see in the link it's again revised DOWN to .8% ... followed with a dismal 1.2% rate for Q2 ...



... now then bear in mind, that our Q2 would include ALL hc fines paid as of April 17th taxday ... as slick willie stated, if we don' pass obamacare it's gonna bankrupt us all ... and actually he wasn't kiddin', our gdp thru domestic Manufacturing of actual Goods remains absolutely tanked ... and without these h/c fines and premium hikes we'd likely be well into negative numbers for gdp.




... and it don' end there ... as mentioned our Retail Sales numbers began tanking in June 2014 as verified with the date of this article ...

http://davidstockmanscontracorner.com/b ... than-ever/


and those numbers have been runnin' downhill ever since, leading to the mass layoffs of Macy's J.C. Pennys Kohls WalMart and a Host of others ...

http://davidstockmanscontracorner.com/h ... ngs-up-33/




... then we have our gdp report from the EuroZone for Q2 2016 ... growth there has dropped in HALF to a mere .3% ...




... we also have anything but dismal news from our Jobs Reports ... layoffs here Stateside reflect the same as well, and along with our substantial drop with Retail we can note heavy layoffs from our Heavy Truck Industry ... Daimler, Freightliner, and now Volvo Heavy Trucks have all been and are currently laying off ... low to no freight to move equals no new Truck Sales ...

http://www.bls.gov/news.release/pdf/empsit.pdf



... although our Housing and Construction Industries contribute much to gdp growth we have ZERO Jobs added in Construction for June of 2015, and Zero Jobs added in Construction for June 2016 ... both April and May show heavy Construction Job Losses ... and, Home Ownership is now at a 51 year low ...

http://www.marketwatch.com/story/homeow ... 2016-07-28





... ready for more ..??.. how's about 2/3 of Americans that would struggle to cover a $1000 crisis ... and, 38% of Households making $100,000.00 or more would also find difficulty with meeting that same criteria ...

http://www.usatoday.com/story/money/per ... /84665088/



... Folks, it's time to face it, this here house of cards is comin' down ... Fast ...

... Good Luck to us All ... and as Always, keep dat Powder Dry ... lol ...
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ernestTee
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Re: ernestTee's 2016 Economic Briefer ...

Post by ernestTee »

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... BREAKING NEWS ...

... TUESDAY AUGUST 23 2016 ...


... NEW HOME SALES SURGE TO A PACE NOT SEEN FOR NINE YEARS !!!



... hey now don' get me wrong, any increase in Home Sales is a Good thing ... but uhhh, there remains one slight oversight which isn't mentioned here ... the actual Housing crash began in late 2005, and by 2006 many Contractors were facing both bankruptcy and foreclosure with any and all Spec Homes in Their possession ...

... soooo, yes todays New Home Sales are now at a pace which matches the absolute worse crash in the History of Housing ... so then we should ask, if with this "surge" we "now" are at a total depression pace for Sales 9 years ago, where in the heck have the numbers been prior to today ...




... here's another Good One ... for the past few years we've been hearing that the Sales of Existing Homes has been "surging" as well ...

... uuhhhh, hoad da bus -


http://www.cnbc.com/2016/05/16/chinese- ... finds.html



... read it n' weep ... over $300 BILLION dollars worth of Sales have been to the Chinese ... and uuhhh, where would our gdp numbers be, without the fact that the Chinese are buyin' up our own Land and adding to our gdp numbers ...


... aahhhh yes ... ain' nuthin' like good ole, pre-WWII type, pro-pa-ganda ...


... nuthin' to see here Folks move along ... lol ...
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