Posted on 12/05/2013 8:03:17 AM PST by whitedog57
The good news. Real GDP growth was revised for Q3 up to 3.6%.
The bad news. Personal consumption expenditures fell to 1.4% for Q3. There has been a steady decline in personal consumption expenditures since 1998.
The good news. Private investment in residential real estate rose 13.0% in Q3! And nonresidential structures grew at 13.8%.
The bad news. Real median household income (only through 2012) continues to decline.
We have a “GINI Paradox.” Since 2007, real median household income has fallen while income inequality (GINI) has risen. AND we have rising residential real estate investment?
The US needs real GDP growth, not just inventory growth. Here is private inventory growth, a large percentage of real GDP growth.
The increase was driven by inventory stockpiling. Without that, the growth was 1.9% [less than 0.5% for the quarter]. And even that is just being held up by the printing of money to buy government debt.
I can see it tonight screaming on all the MSM outlets:
RECOVERY FOR WALL $TREET BUT NOT MAIN STREET!!!!
/s
I hate to tell you this but 3.6% is a fabricated lie and corrupted by 85 billion dollars of borrowed dollars being pumped into the economy by the crooks that really run it.
EVERY MONTH!
Personal incomes will rise overnight. It's a supply and demand thing.
The good news is that this should be a definitive argument for enforcing laws to stop the invasion of the US.
That is $1.020 TRILLION Per Year!
Take that away and the house of cards falls.
Average people are spending less to save up for medical costs or because more money is siphoned into health insurance.
Those with money are buying real estate because its value goes up with inflation as can rents to a degree.
Remember that is the new and improved GDP measure. Early in the year they revised the measurement process to include “subjective” values to prop up the figures so as not to look disastrous. Realistically, we are in a Depression.
I surely does!
Enjoy your 5 dollar McDonald burger.
Or $10.00 or $20.00... or maybe even $30.00 and $55.00 for a shake.
Not gonna happen.
Umember Occupy Wall Street? Phhtttt.
I think that America knows from news reports that it is the unions that are protesting while the majority of fast food workers are working and making more than minimum wage. Even abc reported that last night.
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