Slower Growth Stats--Catching Up With Reality

    I've never liked government statistics that claim to measure the economy--particularly the Gross Domestic Product. GDP only tells you that stuff is being made--not who truly benefits from the growth in GDP. But, it is worth noting yesterday's news, from The New York Times, that not only is economic growth slower but, more important, for regular people, is the continued rise in prices. Now, rising prices--especially when we know wages are fumbling along--is bad news for workers.

Economic growth slowed to its weakest pace in four years during the first three months of 2007, underscoring how the persistent slump in the housing market continued to serve as a drag on the American economy.

In its first estimate of economic growth for the quarter, the Commerce Department said the nation’s gross domestic product, the most comprehensive measure of overall economic activity, expanded 1.3 percent for the quarter, barely over half the rate recorded in the final quarter of last year.

The abrupt slowdown was not enough to put a brake on inflation, however. The consumer price index most carefully monitored by the Federal Reserve, which excludes food and energy, rose 2.2 percent in the quarter, at an annual rate, above the Fed’s stated comfort ceiling.

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[dfhdfhdhx]

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[100 MILLIONS OF TONS]

Let’s talk about economy!

Some years ago, after organising some demonstrations for the South American Indians
I was invited to Brazil and I went to a secret place in the Amazonian forest to receive the ad honorem degree from the University of the Forest.

The teachers were the forest keepers, those of the sky, time and love.

They explained me that the rain forest held the heaven and if it had been cut down, the sky would have fallen upon the earth putting an end to the time of conscience and, in this way, love would disappear forever.

They asked me for a speech to hold during the graduation ceremony.

I decided to talk about development and economy.

I explained that if you seed a grain of maize, a plant will grow that will give 1000 grains so that the year yield of maize is 9999%.

A banknote of 5 $ “planted” in a bank has a yield of 5%.

I said that if there are hundred fish in some water, every year, leaving a hundred, you can fish at least one thousand of them, with a yield of 1000%.

A piece of gold put in a safe stays the same the next year!

I explained that thanks to technology, men have invented instruments with which we can transform the wind, the sun, the waves and currents into light, power and heat that are movable in the distance and with which we can supply power to useful devices.

I explained that with a solar panel we can obtain light during the centuries. A yield of at least 100.000%.

A litre of gasoline when burnt, is burnt for ever and has a yield of 0 approx.

I said that cutting a bough from a tree we can obtain vegetable fibres endlessly, because the branch grows again with a yield of 10.000.000.000%.

But if you cut the tree without seeding another, the yield is below 0, since the benefits obtained by its wood cannot ever pay off the loss of that tree.

Because it is scientifically proved that heaven is held by the trees.

By cutting trees, a series of devastating climate changes are triggered and in fact the sky would fall upon the earth and it will crash everyone and everything, including human beings, so that everything would end and we would all die and there won’t be a today a yesterday or a tomorrow any longer.

“There won’t be any kind of development or economy any more. And running as far as we can will not be enough since, when everything ends, everything ends and there won’t be time not to run away”

When all ends, there won’t be the past, the present or the future.

For love we need a lot of past, present and future and if there is no more time to love, so there can’t be love either.

Then I turned towards the world and said:

“Please, if you are listening to this speech and if you are cutting a tree from the forest, stop it now!

Take a bough, take two, but please, don’t cut the whole tree.

If you cut a bough and you come back next year, you’ll find another.

If you cut the tree, there is nothing else between the earth and the sky, there is nothing to hold the sky upon our head.

If you cut the trees, the sky will fall upon your head and we are going to die: that means that there won’t be a yesterday, a today or a tomorrow and there won’t be love any more. For nobody, not even for you!

If you truly want to cut a tree, put a seed and you’ll see another one grow”

They clapped, they kissed me, they hug me, they shook hands, some started to cry and turned the ad honorem degree into a degree with the highest marks.

100 MILLIONS OF TONS
http://100-milioni-di-tonnellate.blogspot.com/2007/08/100-millions-of-tons.html

[dman]

Someone posted this link http://www.fakepaycheckstubs.com on my blog...are you kidding me? Is this legal? No wonder why the subprime mortgage crisis is hitting us so hard..,...heck, why dont we give driver licenses to illegal immigrants who cross the border. Then, give them access to computers so they can join in and "fake how much they make" to get a home loan so they can join the subprime meltdown too! Great idea! OH GEEZ! check it out yourself at http://www.fakepaycheckstubs.com

[dman]

Someone posted this link http://www.fakepaycheckstubs.com on my blog...are you kidding me? Is this legal? No wonder why the subprime mortgage crisis is hitting us so hard..,...heck, why dont we give driver licenses to illegal immigrants who cross the border. Then, give them access to computers so they can join in and "fake how much they make" to get a home loan so they can join the subprime meltdown too! Great idea! OH GEEZ! check it out yourself at http://www.fakepaycheckstubs.com
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[CruzCntrl]

Perspective from California. More than likely soon to filter into rest of US.

General rant below from non wealthy average American.

Gas prices are too high with gas companies making too much profit in a non free market situation. This equals high pressure on he average American who is paying $50.00 for half a tank of gas. Also will decrease big car sales or over extend people who won't give up their gas hogs. This also puts pressure on airlines fuel costs.

US dollar down so far against world currencies that traveling is almost out of the question except if you have friends overseas.

Energy and utility prices are going up wages staying the same.

Food quality going down except in highly expensive stores like Whole Foods. (The fattening and sickening of America)

Fed lowers interest rates but loan rates are still high cc rates are still high and loans are harder to get. No trickle down to consumer.

Fed bails out financial institutions but no relief for individual home owner. Government refuses to allow bankruptcy judges to lower interest rates on existing high rate loans. Once again no trickle down to average American. Problem caused by poor lending policies of financial institutions. Average consumers once again having to pay the price for institutions taking advantage of real estate bubble by offering irresponsible loans.

Highly qualified legal immigrants from European countries with job skills and who speak English cannot find their way into the job market as their jobs are taken by cheaper illegal labor with low job skills who don't speak English. These legal immigrants are finding it difficult if not impossible to get into the country due to tightened legal immigration policies.
Leads to lower quality of life. Food and service industries.

Cost of health care so high its obscene. Inflated prices in emergency rooms crushing people with high deductible insurance or no insurance. Meanwhile illegals jam the hospitals for free care forcing prices higher for responsible citizens.

Southwestern US suffers from Mexicanization of whole communities destroying anglo European way of life, increasing gang presence while cops sit around with their thumbs up their asses. Whole sections of communities fall into 'bad neighborhood qualification' decreasing real estate value.

Legal system biased in favor of deadbeats. Deadbeat renters string out court proceedings forcing landlords into foreclosure or great expense with increased eviction rates. Attorneys have increased work.

Underground of individuals becoming proficient at law suits and court proceedings take advantage of system by lying their way through months of court hearings. Greed becoming a main motivation of citizenry.

Police and judges finding it harder to discern truth from lies as lying becomes an art of the citizenry. People who tell the truth seem more like they are lying than the lier.

Summary,

Average American leading a responsible life being squeezed and driven downward in class. Deadbeats and greed mongers on the rise taking advantage of system. Rich and wealthy individuals pressured lightly if at all. Their coffers fall slightly but they find way to squeeze more from the rest. Large corps have all the money pay high wages have high expense accounts. Small business suffer high cost of rent and utilities, gas prices and superfluous government fees and regulations. Average working American independent hanging on by a thread as food, utility, gas and service prices increase around them.

Person to person friendly quotient down in US. Assholes on the rise. Successful greed revered.

[Jules Carney]

"Wow", it is so nice when someone break such a hard topic to understand very easily. I am very glad to see you here again.

Done a brilliant job and Best of luck for your upcoming one!

[Ryan G]

Certainly bad news for workers. In the UK there is expected to be in the region of 2.5 million unemployed by Christmas.

[Payday Loan Advocate]

The U.S. economy grew at a very slow pace recently. Severe housing slump and a painful credit crunch are affecting the behavior of individuals and businesses alike - making them somewhat more cautious.

Franklin Delano Roosevelt was President of the United States in 1932, the year the country was spiraling into recession. Many people wonder if the future of our country is heading to the same economic disaster. Franklin Roosevelt's “New Deal” economic policies radically restructured the performance of the U.S. economy. Essentially, the government’s role in the economy expanded to a degree no one had ever seen. Roosevelt's policies provided the short-term relief that the country needed, but for the long-run, it can be argued that they caused significant long-term damage. In a Wall Street Journal article, Paul Rubin suggests that while the current state of the U.S. economy is not in the same state as it was back in 1932, the aspects and factors we see today are incredibly similar to the 1932’s economic crisis: stock market in a tailspin, credit markets locking down and Sen. Barack Obama, the leading Democratic presidential candidate, who is firmly running on a platform that will inject increased government regulations into problem areas like the economy. Supporters of a free market economy are concerned that Obama’s proposed governmental policies will lack the long-term direction America so desperately needs. Those who support the principles of capitalism will disagree that we’re better off than in 1932.

Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
Blog: http://personalmoneystore.com/moneyblog/

[Payday Loan Advocate]

The U.S. economy grew at a very slow pace recently. Severe housing slump and a painful credit crunch are affecting the behavior of individuals and businesses alike - making them somewhat more cautious.

Franklin Delano Roosevelt was President of the United States in 1932, the year the country was spiraling into recession. Many people wonder if the future of our country is heading to the same economic disaster. Franklin Roosevelt's “New Deal” economic policies radically restructured the performance of the U.S. economy. Essentially, the government’s role in the economy expanded to a degree no one had ever seen. Roosevelt's policies provided the short-term relief that the country needed, but for the long-run, it can be argued that they caused significant long-term damage. In a Wall Street Journal article, Paul Rubin suggests that while the current state of the U.S. economy is not in the same state as it was back in 1932, the aspects and factors we see today are incredibly similar to the 1932’s economic crisis: stock market in a tailspin, credit markets locking down and Sen. Barack Obama, the leading Democratic presidential candidate, who is firmly running on a platform that will inject increased government regulations into problem areas like the economy. Supporters of a free market economy are concerned that Obama’s proposed governmental policies will lack the long-term direction America so desperately needs. Those who support the principles of capitalism will disagree that we’re better off than in 1932.

Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
Blog: http://personalmoneystore.com/moneyblog/

[jojo]

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[Credit Repair Services]

By cutting trees, a series of devastating climate changes are triggered and in fact the sky would fall upon the earth and it will crash everyone and everything, including human beings, so that everything would end and we would all die and there won’t be a today a yesterday or a tomorrow any longer...people are so hard headed...

[Credit Repair Services]

Economic growth slower but, more important, for regular people, is the continued rise in prices. Now, rising prices especially when we know wages are fumbling along is bad news for workers...

[r4 card]

The U.S. economy grew at a very slow pace recently. Severe housing slump and a painful credit crunch are affecting the behavior of individuals and businesses alike - making them somewhat more cautious.