2Q US GDP increases at huge 4.1% rate

[UCFKnight85]

Capital expenditures are no longer a good measure of economic growth thanks to automation. It isnt like the 60s and 70s when the vast majority was in buildings and property acquisition for future expansion.

This is utter nonsense. A company investing means they have prospects for growth- period. Whether that’s by machine or 12 people is irrelevant. CAPEX is a sign of confidence in future expanshion.

There are other debates to arise from this but your flawed premise is not one of them

 

[Knight_Light]

Key past and future indicator will be capital expenditure as those investments payout in goods made for years and years and years.

Overall Govt spending will never be reduced as voters will never allow that to happen.

Capital expenditures are no longer a good measure of economic growth thanks to automation. It isnt like the 60s and 70s when the vast majority was in buildings and property acquisition for future expansion.

Disagree...as corporate/company expansion (be it new equipment, new facilities, new buildings, new markets, expanded employment numbers, etc...) is always a good sign (for most) for growth.

 

[chemmie]

Ayn Rand called and wants you guys to come back to her libertarian capitalist fantasy world.

 

[UCFKnight85]

Ayn Rand called and wants you guys to come back to her libertarian capitalist fantasy world.

Nicaragua called and wants you to visit yet another socialist success story - real soon!

 

[Crazyhole]

Disagree...as corporate/company expansion (be it new equipment, new facilities, new buildings, new markets, expanded employment numbers, etc...) is always a good sign (for most) for growth.

How many hundreds of millions of dollars has wal-mart spent on self checkout machines? Was that investment made to facilitate growth, or just to minimize future expenses?

That same kind of thing is happening across the board is all types of businesses. Capital investment isnt what it used to be.

 

[UCFKnight85]

How many hundreds of millions of dollars has wal-mart spent on self checkout machines? Was that investment made to facilitate growth, or just to minimize future expenses?

That same kind of thing is happening across the board is all types of businesses. Capital investment isnt what it used to be.

Those machines are largely to alleviate lines and increase through put. Something Starbucks is desperately looking at right now since it’s a known fact that people avoid them at peak hours due to huge lines. That’s lost growth.

 

[Crazyhole]

Those machines are largely to alleviate lines and increase through put. Something Starbucks is desperately looking at right now since it’s a known fact that people avoid them at peak hours due to huge lines. That’s lost growth.

And it is a capital expense. Thats my point.

 

[UCFBS]

Your last sentence is an absolute lie unless you care to prove it. I bet you want everyone to think that in blind partisan rage.
I listened to NPR just today who said it was .2% and ONLY the inflation adjusted calculator and ENTIRELY due to higher gas prices. They even had to admit that real wages were UP under trump

NPR is becoming one of the last bastions of truth in media. So much so that Progressives hate it, and are starting to say they are 'funded by the Koch brothers.'

 

[UCFKnight85]

NPR is becoming one of the last bastions of truth in media. So much so that Progressives hate it, and are starting to say they are 'funded by the Koch brothers.'

They're still pathetically biased in many cases. They constantly go out of their way to frame questions or offer commentary that digs conservatives, yet will left lefties they're interviewing say almost anything without even attempting to check them or correct them.

They also use the old "Some critics argue" as a way of just saying what they actually think.

 

[Crazyhole]

Key past and future indicator will be capital expenditure as those investments payout in goods made for years and years and years.

Overall Govt spending will never be reduced as voters will never allow that to happen.

Which is why government spending shouldn't be calculated into GDP. Hell, the govt could just increase spending to 10 trillion dollars and GDP would be 10% or more, even if they borrowed or printed 9.5 trillion of it.

GDP should be indexed by using consumer spending-inflation, export/import imbalance, debt growth, money printing/M1 and population growth.

CPI is a good measure to use for relative growth because 100% of people are subject to it.

 

[Crazyhole]

I would like someone to explain what GDP means in real life terms to the average person.

 

[UCFBS]

They're still pathetically biased in many cases. They constantly go out of their way to frame questions or offer commentary that digs conservatives, yet will left lefties they're interviewing say almost anything without even attempting to check them or correct them.

They also use the old "Some critics argue" as a way of just saying what they actually think.

Of course they are still 'biased.'

But their 'truth' isn't built on advertising dollars, so when it's factual, it has to be stated ... even if they avoid it as much as possible.

The US media just outright lies these days. I literally never thought I'd see the day of the US media standing behind the 1st Amendment to push fradulent agendas. The "cages" was the straw that broke the camel's back for me.

 

[Knight_Classes_begin_7pm]

Nearly doubling the 2.2% increase in Q1.

Further proof that the GOP tax cuts and regulatory reforms have fueled the economy in ways that were needed.

That sound you hear are the socialists now running the DNC crying in their cheerios.

Borrowing Trillions can make anyone seem instantly wealthy. Also these changes haven't had time to take effect. Also, big corps don't reinvest their tax savings.....trickle down is a myth. Also, President Obama built this economy over 8 years from the Republican wrecked economy.

 

[UCFKnight85]

Borrowing Trillions can make anyone seem instantly wealthy. Also these changes haven't had time to take effect. Also, big corps don't reinvest their tax savings.....trickle down is a myth. Also, President Obama built this economy over 8 years from the Republican wrecked economy.

lol. Every time I see your name appear as replied in a thread, I know the conversation is about to get dumbed down a whole lot.

 

[Crazyhole]

Borrowing Trillions can make anyone seem instantly wealthy. Also these changes haven't had time to take effect. Also, big corps don't reinvest their tax savings.....trickle down is a myth. Also, President Obama built this economy over 8 years from the Republican wrecked economy.

Can I nominate this for worst post ever?

 

[UCFKnight85]

US workers saw their biggest pay and benefits increase in 10 years according to the Labor Department. More excellent news for wages and investment.

https://www.foxbusiness.com/economy/us-workers-see-biggest-pay-benefit-increase-in-10-years

The Fed now has a job to deal with inflation. But gross wages and benefits are up big time across the board for workers in this country.

 

[UCFBS]

Borrowing Trillions can make anyone seem instantly wealthy.

Yes, which is why Fairfax County Virginia overtook Westchester County New York as the richest county during the Obama administration.

Meet the new boss, same as the old boss.

Also these changes haven't had time to take effect.

Huh?! They went into effect near the start of the year!

We're already seeing

Also, big corps don't reinvest their tax savings.....

Depends on what 'limitations' are put on those, as well as when they bring money back from overseas.

• Do they buy back stocks?
• Do they hire people?
• Other?

I do not disagree that some corporations are "hording money." But why is that? There's a reason for that. Is it because they are demonized one year, and not the next?

In reality, US corporate taxes were insanely high compared to the entire west of the developed world. Even higher than Japan after 2007. No one would invest in the US.

Americans need to realize that in other countries, corporate taxes are not paying for things. It's actually individual taxes that make up their bulk. There are actually a lot of consumption taxes in them too.

I consider Switzerland to be a 'dream' taxation environment. Any American who would move there would bitch like you've never seen. Environmental and impact taxes ... on the consumer. Why? Because consumers are the ones actually consuming ... stop blaming corporations for the problems of consumers.

We need to stop demonizing corporations and start realizing we must have a long-term strategy that doesn't cause them to horde money, and actually want to invest in the US. I haven't heard a single CFO say otherwise.

So stop demonizing them.

trickle down is a myth.

Okay, this is one of my 'pet peeves.'

Everything is "trickle down!"

The only question is, do you think ...

• Private business is better at it?
• Or government is better than private business?

Anyone who literally cannot understand that basic logic really has lost me.

At least a private business can go out of business, let alone be sued. If you want to see the future of the US at work, look at how far 'lawsuits' go with their government on everything from healthcare to private property to zoning ... in the UK.

Because we're headed there!

Also, President Obama built this economy over 8 years from the Republican wrecked economy.

No, the economy has been on 'borrowed time' since the Reagan administration.

Even W. walked into the wreck of the Clinton administration, with the .COM bust and all sorts of 'false wealth' with revenue being eradicated in Clinton's last 2 terms.

W. and the Republicans then spent a lot of pork, not just the war, but pork, and then the Housing bubble happened.

And then W.-Obama kept the deficit even higher than ever before. Which Trump is now continuing.

When Americans stop demonizing based on political parties, and "get real" on these facts, we'll move forward. Until then ... it's all BS.

 

[Crazyhole]

Yes, which is why Fairfax County Virginia overtook Westchester County New York as the richest county during the Obama administration.

Meet the new boss, same as the old boss.

Huh?! They went into effect near the start of the year!

We're already seeing

Depends on what 'limitations' are put on those, as well as when they bring money back from overseas.

• Do they buy back stocks?
• Do they hire people?
• Other?

I do not disagree that some corporations are "hording money." But why is that? There's a reason for that. Is it because they are demonized one year, and not the next?

In reality, US corporate taxes were insanely high compared to the entire west of the developed world. Even higher than Japan after 2007. No one would invest in the US.

Americans need to realize that in other countries, corporate taxes are not paying for things. It's actually individual taxes that make up their bulk. There are actually a lot of consumption taxes in them too.

I consider Switzerland to be a 'dream' taxation environment. Any American who would move there would bitch like you've never seen. Environmental and impact taxes ... on the consumer. Why? Because consumers are the ones actually consuming ... stop blaming corporations for the problems of consumers.

We need to stop demonizing corporations and start realizing we must have a long-term strategy that doesn't cause them to horde money, and actually want to invest in the US. I haven't heard a single CFO say otherwise.

So stop demonizing them.

Okay, this is one of my 'pet peeves.'

Everything is "trickle down!"

The only question is, do you think ...

• Private business is better at it?
• Or government is better than private business?

Anyone who literally cannot understand that basic logic really has lost me.

At least a private business can go out of business, let alone be sued. If you want to see the future of the US at work, look at how far 'lawsuits' go with their government on everything from healthcare to private property to zoning ... in the UK.

Because we're headed there!

No, the economy has been on 'borrowed time' since the Reagan administration.

Even W. walked into the wreck of the Clinton administration, with the .COM bust and all sorts of 'false wealth' with revenue being eradicated in Clinton's last 2 terms.

W. and the Republicans then spent a lot of pork, not just the war, but pork, and then the Housing bubble happened.

And then W.-Obama kept the deficit even higher than ever before. Which Trump is now continuing.

When Americans stop demonizing based on political parties, and "get real" on these facts, we'll move forward. Until then ... it's all BS.

Well yeah, but what about the fact that unemployment is down just because we all have 4 jobs and work 412 hours a week? Explain that Gary.

 

[UCFBS]

Well yeah, but what about the fact that unemployment is down just because we all have 4 jobs and work 412 hours a week? Explain that Gary.

I hope that was tongue-in-cheek.

Because that has so been debunked. It really shocks me how much total BS flies via "analysts" these days that abuse the 1st Amendment.

First off, the mean is under 35 hours/week, which is the other problem. Too many Americans aren't getting full benefits. Let's tackle that too.**

Secondly, the median for "full time" is 47 hours/week, which is a continuing issue in the US, which goes all the way back to even after WWII (was even 48 during Reagan -- probably because the mean has slipped). Americans work the equivalent of 6 x 8, unlike any other western nation. That's always been an issue.

**NOTE: I -- yes, even as a Libertarian -- all for a 'minimum set of benefits' provided for everyone, via the US federal + state. It'll cost $1T, but should remove $1.5T in current government + private sector costs (especially costly ER visits c/o the '86 Reagan law). It will require a further 'employment tax,' but everyone wills hare it. But I'm for it as long as we still have 2-payer options -- such as supplementary and buy-up plans for insurance and other services.

For healthcare alone, Sanders wants to replace $3.5T government+private with a $3.2T government-only, single payer. And it's going to be UK NIH on an unreal scale, and everyone will be paying a lot more taxes -- even the lower middle class!

 

[Crazyhole]

I hope that was tongue-in-cheek.

Because that has so been debunked. It really shocks me how much total BS flies via "analysts" these days that abuse the 1st Amendment.

First off, the mean is under 35 hours/week, which is the other problem. Too many Americans aren't getting full benefits. Let's tackle that too.**

Secondly, the median for "full time" is 47 hours/week, which is a continuing issue in the US, which goes all the way back to even after WWII (was even 48 during Reagan -- probably because the mean has slipped). Americans work the equivalent of 6 x 8, unlike any other western nation. That's always been an issue.

**NOTE: I -- yes, even as a Libertarian -- all for a 'minimum set of benefits' provided for everyone, via the US federal + state. It'll cost $1T, but should remove $1.5T in current government + private sector costs (especially costly ER visits c/o the '86 Reagan law). It will require a further 'employment tax,' but everyone wills hare it. But I'm for it as long as we still have 2-payer options -- such as supplementary and buy-up plans for insurance and other services.

For healthcare alone, Sanders wants to replace $3.5T government+private with a $3.2T government-only, single payer. And it's going to be UK NIH on an unreal scale, and everyone will be paying a lot more taxes -- even the lower middle class!

Yeah, but everybody works 15 jobs and logs 2915 hours a week. Thats why unemployment is so low. Not hard to understand when everybody works 214 jobs at minimum wage. Do you even math dude?

 

[UCFBS]

Ayn Rand called and wants you guys to come back to her libertarian capitalist fantasy world.

Better than the socialist world where the government is always the end-all, be-all, and there are no lawsuits.