Comments on: “Grossly Distorted Product” or “Christmas in July” http://www.senseoncents.com/2009/10/grossly-distorted-product-or-christmas-in-july/ Navigating the Economic Landscape Fri, 19 Mar 2010 00:11:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Aaron Kramer http://www.senseoncents.com/2009/10/grossly-distorted-product-or-christmas-in-july/comment-page-1/#comment-7060 Aaron Kramer Sat, 31 Oct 2009 21:54:14 +0000 http://www.senseoncents.com/?p=12310#comment-7060 LD, A few months back I commented on how this GDP situation would be misconstrued. GDP growth will not lead us to a better tomorrow but it will be used to calm the masses. The only thing growing in GDP is government, paid for using debt. This is not a good foundation but people are ignorant, naive or apathetic and believe the story being spun. The spin can continue but Mr. Market will bring about a painful resolution. The next battle for this economy and Administration will be the FED vs. Obama. Check out the section "The Independence of the Fed Threatened" http://safehaven.com/article-14891.htm LD,
A few months back I commented on how this GDP situation would be misconstrued. GDP growth will not lead us to a better tomorrow but it will be used to calm the masses. The only thing growing in GDP is government, paid for using debt. This is not a good foundation but people are ignorant, naive or apathetic and believe the story being spun. The spin can continue but Mr. Market will bring about a painful resolution. The next battle for this economy and Administration will be the FED vs. Obama. Check out the section “The Independence of the Fed Threatened”

http://safehaven.com/article-14891.htm

]]> By: Larry Doyle http://www.senseoncents.com/2009/10/grossly-distorted-product-or-christmas-in-july/comment-page-1/#comment-6959 Larry Doyle Fri, 30 Oct 2009 15:36:38 +0000 http://www.senseoncents.com/?p=12310#comment-6959 Zeke....It is a sad but true fact of life. I would only hope that some of the people in that camp would find their way to Sense on Cents. Zeke….It is a sad but true fact of life. I would only hope that some of the people in that camp would find their way to Sense on Cents.

]]> By: zeke http://www.senseoncents.com/2009/10/grossly-distorted-product-or-christmas-in-july/comment-page-1/#comment-6954 zeke Fri, 30 Oct 2009 15:02:02 +0000 http://www.senseoncents.com/?p=12310#comment-6954 Unfortunately, the average American goes into a trance at the very word "economics" or "finance". Most of the people I talk with just give me a bland stare. All they really want to do is blame and bitch. My 86 year old mother is amazed at the numbers of people that don't understand compound interest. So the concept of government "welfare" impacting GDP is way, way beyond their understanding. Not long ago, I was talking with a retired school teacher who informed me Canada and England have communist governments. At 68, I am still getting blind sided by the ignorance of the average American. Unfortunately, the average American goes into a trance at the very word “economics” or “finance”. Most of the people I talk with just give me a bland stare. All they really want to do is blame and bitch. My 86 year old mother is amazed at the numbers of people that don’t understand compound interest.

So the concept of government “welfare” impacting GDP is way, way beyond their understanding.

Not long ago, I was talking with a retired school teacher who informed me Canada and England have communist governments. At 68, I am still getting blind sided by the ignorance of the average American.

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