Dear Toppy: GDP growth -0.1%

Hey, I'd love to take defense spending and put it to a socially beneficial purpose, but that doesn't seem to be an avilable option. It's either defense spending or no spending and, in my view, at this particular point in time, defense spending is the better of the two.

Why? Because it makes the GDP stat look better?
 
History says?

That are new rules in place that df=efy history and conventional economic teaching.

History said thie recession would be a fairly short one.
 
I saw this coming for over a decade.

If the rules do not change then the king can just conquer some more land and take their gold and riches.
The national debt solved.

for the USA the major changes which invlidate alot of the old rules are the USA turning into a debtor nation with a consumer spending driven economy and the offshoring of jobs due to globalization.
 
I saw this coming for over a decade.

If the rules do not change then the king can just conquer some more land and take their gold and riches.
The national debt solved.

for the USA the major changes which invlidate alot of the old rules are the USA turning into a debtor nation with a consumer spending driven economy and the offshoring of jobs due to globalization.
I know you have, you have been railing against stocks for a decade. Back then I had 100,000 it's over 1,000,000 now.
 
Doesn't have anything to do with stocks not being good.

A bit of that I made off of stocks before they went south.
I liked the "penny" type of stocks the best.
If one is going to gamble you might as well go for the ones with the highest percentage increase.


The major stock market myth to me is that if the stock market does well so does the rest of the US economy.

Offshoring and globalization put that myth to rest.
 
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