tag:blogger.com,1999:blog-13326001.post2006726397501163492..comments2024-03-02T03:29:09.759-05:00Comments on SerandEz and Friends: Shifting EconomicsEzziehttp://www.blogger.com/profile/12494592434522239195noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-13326001.post-35737268315487944362008-01-15T14:43:00.000-05:002008-01-15T14:43:00.000-05:00An argument often used is that while GDP et al may...<I>An argument often used is that while GDP et al may look good, a majority of individuals are still negatively being impacted. (Hence the polls.) This would be a valid issue to be addressed if true - if most people are being negatively hit while a few are producing/striking it rich, that's a legit problem. But the point is even this is not true in this situation - it is a false perception caused by media ramming it down people's throats. So what we're left with is most people saying their own situation is good, and overall numbers that are good, which leads me to conclude that the economy as a whole is good. Make sense?</I><BR/><BR/>Sure. I agree that if GDP and other economic indicators are doing well, it's ridiculous to claim that individuals are doing poorly without evidence. So I'd agree that if the economic indicators show we are doing well, we are probably doing well.Nephtulihttps://www.blogger.com/profile/00245081159460337112noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-8841490160203164002008-01-15T12:20:00.000-05:002008-01-15T12:20:00.000-05:00Yes/no. Weight in any one sector can bring up or d...Yes/no. Weight in any one sector can bring up or down the average, even if very few individuals are affected.<BR/><BR/>As a whole, I'd look at GDP to see how the US is doing; but to see how individuals are doing, GDP is less meaningful.<BR/><BR/>I think we've gotten off track...! What are you and/or G asking? What I think? In short (hey, I'm busy!) -<BR/><BR/>I think the economy is and has been doing very well in a very stable fashion as a whole. GDP overall is up. Inflation is pretty low. Unemployment took a hit the last couple months, but it's still pretty stable/low. (Also, a lot of the slow lately is the housing market.)<BR/><BR/>An argument often used is that while GDP et al may look good, a majority of individuals are still negatively being impacted. (Hence the polls.) This would be a valid issue to be addressed if true - if most people are being negatively hit while a few are producing/striking it rich, that's a legit problem. But the point is even this is not true in this situation - it is a false perception caused by media ramming it down people's throats. So what we're left with is most people saying their own situation is good, and overall numbers that are good, which leads me to conclude that the economy as a whole is good. Make sense?Ezziehttps://www.blogger.com/profile/12494592434522239195noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-80326500765638628862008-01-15T11:58:00.000-05:002008-01-15T11:58:00.000-05:00N - That's on a national level. In terms of how pe...<I>N - That's on a national level. In terms of how people are doing on an individual level, short of looking at their finances, trusting their opinions makes the most sense. (This assumes reasonable people who understand their own economic situation. Weak, I know, but hey, what else do we have? :) )</I><BR/><BR/>Isn't the national level the aggregate of all the individuals? If we have poor growth as a country, that probably means individuals aren't doing as well as they think.Nephtulihttps://www.blogger.com/profile/00245081159460337112noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-76008584689088114162008-01-15T11:39:00.000-05:002008-01-15T11:39:00.000-05:00N - That's on a national level. In terms of how pe...N - That's on a national level. In terms of how people are doing on an individual level, short of looking at their finances, trusting their opinions makes the most sense. (This assumes reasonable people who understand their own economic situation. Weak, I know, but hey, what else do we have? :) )Ezziehttps://www.blogger.com/profile/12494592434522239195noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-49637477069976557902008-01-15T11:04:00.000-05:002008-01-15T11:04:00.000-05:00Whether the economy is doing well or poorly is det...Whether the economy is doing well or poorly is determined by hard data, not what people think about their situation. I haven't been following the numbers, but how much was our GDP growth the last quarter?Nephtulihttps://www.blogger.com/profile/00245081159460337112noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-59270292058526117262008-01-15T10:29:00.000-05:002008-01-15T10:29:00.000-05:00The only thing it makes sense to trust in a poll.The only thing it makes sense to trust in a poll.Ezziehttps://www.blogger.com/profile/12494592434522239195noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-78956627691229184802008-01-15T10:23:00.000-05:002008-01-15T10:23:00.000-05:00Ahem,"I trust...people talking about their own sit...Ahem,<BR/><BR/>"I trust...people talking about their own situations"<BR/><BR/>what would you call that?Ghttps://www.blogger.com/profile/08512231582715592098noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-17040106178301943172008-01-15T10:10:00.000-05:002008-01-15T10:10:00.000-05:00"And the economy may be the least of our problems...."And the economy may be the least of our problems."<BR/><BR/>What will be our biggest problem exactly?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13326001.post-66214470850295598282008-01-15T09:49:00.000-05:002008-01-15T09:49:00.000-05:00Are you kidding? Do you know how much money Dubya ...Are you kidding? Do you know how much money Dubya wasted on this war in Iraq? (Aside from the 4000 dead American soldiers and the tens of thousands injured.)<BR/><BR/>$275 million per day <BR/><BR/>$4,100 per household<BR/><BR/>almost $500,000,000,000 total.<BR/><BR/>Bushy will go down as one of the most fiscally irresponsible presidents ever.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13326001.post-67860661414620068532008-01-15T09:45:00.000-05:002008-01-15T09:45:00.000-05:00G - read again. That's part of the point.G - read again. That's part of the point.Ezziehttps://www.blogger.com/profile/12494592434522239195noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-49322638429577499802008-01-15T09:17:00.000-05:002008-01-15T09:17:00.000-05:00"I trust hard numbers..."Uh huh, and that started ..."I trust hard numbers..."<BR/><BR/>Uh huh, and that started having a relation w/ polls (of any kind)...when?Ghttps://www.blogger.com/profile/08512231582715592098noreply@blogger.comtag:blogger.com,1999:blog-13326001.post-34277462668050955222008-01-15T08:16:00.000-05:002008-01-15T08:16:00.000-05:00Yeah, but look what's coming down the pike in Nove...Yeah, but look what's coming down the pike in November. Once we go back to a democratic president (and I fear very much that we will this year), its over.<BR/><BR/>And the economy may be the least of our problems.<BR/><BR/>They don't call me Doomsday for nothin'.Bailahttps://www.blogger.com/profile/14115498582378133552noreply@blogger.com